In 2023, Germany led the European food nominal expenditure share, followed by France, and Italy. Notably, Poland and Switzerland saw significant increases, each over 8%, while Slovakia and Bulgaria exhibited the largest growth around 10%. Meanwhile, Kosovo experienced a decline of nearly 3%.
Forecasting into 2024, expect continued expenditure growth in Eastern European countries like Poland and Romania, driven by economic expansion and rising consumer spending. Central European countries might experience moderate growth, while established markets in Western Europe could witness stabilization as saturation approaches. Keep an eye on geopolitical and economic shifts that might influence spending patterns.
Top countries in Food Nominal Expenditure Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15.82 | 2023 | +3.92% | +5.28% | View data |
| 2 | 2 France | 13.71 | 2023 | +0.97% | +3.57% | View data |
| 3 | 3 Italy | 12.76 | 2023 | -0.086% | +3.18% | View data |
| 4 | 4 United Kingdom | 10.02 | 2023 | +2.01% | +3.83% | View data |
| 5 | 5 Spain | 8.75 | 2023 | +6.78% | +6.44% | View data |
| 6 | 6 Poland | 4.94 | 2023 | +2.39% | +8.31% | View data |
| 7 | 7 Netherlands | 3.82 | 2023 | +4.98% | +7.15% | View data |
| 8 | 8 Romania | 3.37 | 2023 | +2.96% | +7% | View data |
| 9 | 9 Switzerland | 2.81 | 2023 | +4.9% | +8.02% | View data |
| 10 | 10 Belgium | 2.6 | 2023 | +1.99% | +4.9% | View data |
