The European Turnover Index for Cultural and Recreational Goods Retail in Specialized Stores shows notable variability across countries. As of 2023, the Czech Republic leads with an index of 14.85, followed closely by Albania at 14.24, and Germany at 13.75. France, Sweden, and Belgium maintain moderate levels around 13.26, 11.83, and 11.51, respectively. Meanwhile, Italy lags behind at 10.02. Year-on-year growth, with data from 2022, highlights Albania's significant surge at 8.09%, outpacing Germany's 5.36% and the Czech Republic’s 4.44%. Over five years, the Compound Annual Growth Rate (CAGR) depicts Albania and Germany as robust growth markets.
Future trends to watch in the European market include the increasing digitalization affecting sales channels, the growing influence of e-commerce, and the impact of sustainability and cultural tourism on regional variances. As consumer preferences evolve, traditional stores may need to adapt swiftly to new retail paradigms while leveraging technological advancements and focusing on personalized consumer experiences.
Top countries in Turnover Index of Cultural and Recreational Goods Retail in Specialised Stores by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 148.5 | 2022 | +8.16% | +4.44% | View data |
| 2 | 2 Albania | 142.4 | 2022 | +10.05% | +8.09% | View data |
| 3 | 3 Germany | 137.5 | 2022 | +12.52% | +5.36% | View data |
| 4 | 4 France | 132.6 | 2022 | +10.68% | +4.38% | View data |
| 5 | 5 Sweden | 118.3 | 2022 | -3.98% | +2.41% | View data |
| 6 | 6 Belgium | 115.1 | 2022 | +0.44% | +2.13% | View data |
| 7 | 7 Netherlands | 111 | 2022 | +11.56% | +2.27% | View data |
| 8 | 8 Norway | 109.6 | 2022 | -4.61% | +1.35% | View data |
| 9 | 9 Switzerland | 103.5 | 2022 | +8.26% | +1.9% | View data |
| 10 | 10 Italy | 100.2 | 2022 | +4.38% | +0.033% | View data |
