In 2023, Portugal led with 22 gazelles in the wood sector, showing a strong year-on-year growth of 17.08%. Hungary followed with 13 enterprises, experiencing a robust increase of 34.08%. Italy recorded a small decrease of 3.58% with 10 gazelles, while Lithuania saw a significant decline of 14.14% with 7 enterprises. Romania showcased a substantial growth of 24.57% reaching 6 enterprises. Slovakia had a moderate increase of 4.56% with 5 gazelles. Norway and the Czech Republic both had 2 enterprises but showed differing trends, with Norway growing by 14.87% and the Czech Republic decreasing by 7.79%.
Future trends to watch include:
- Potential continued growth in Portugal and Hungary as market leaders in the sector.
- Recovery opportunities for Italy and Lithuania in reversing negative trends.
- Expansion strategies in Romania could accelerate growth.
- Monitoring Slovakia for steady, consistent development.
- Efforts in Norway and Czech Republic to boost the number of gazelles amidst contrasting growth rates.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Wood, Wood Products and Cork by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 22 | 2023 | +37.5% | +17.08% | View data |
| 2 | 2 Hungary | 13 | 2023 | +18.18% | +34.08% | View data |
| 3 | 3 Italy | 10 | 2023 | 0% | -3.58% | View data |
| 4 | 4 Lithuania | 7 | 2023 | 0% | -14.14% | View data |
| 5 | 5 Romania | 6 | 2023 | +20% | +24.57% | View data |
| 6 | 6 Slovakia | 5 | 2023 | 0% | +4.56% | View data |
| 7 | 7 Norway | 2 | 2023 | +100% | +14.87% | View data |
| 8 | 8 Czech Republic | 2 | 2023 | 0% | -7.79% | View data |
