In 2023, Italy leads with 819 high-growth enterprises in structural metal products, showing a significant growth rate of 5.93% from the previous year. Hungary follows with 369 enterprises and a robust 13.03% increase. Portugal has 336 enterprises, witnessing an 8.45% rise. The Czech Republic showed modest growth at 3.09% with 163 enterprises. Romania, with 69 enterprises, grew by 6.65%. Lithuania saw a 3.52% increase to 63 enterprises. Slovakia and Norway recorded 2.71% and 22.55% growth respectively, while Latvia slightly declined by 0.97%. Iceland, having only 3 enterprises, matched Portugal's growth rate at 8.45%.
Future trends to watch include technological advancements and sustainability practices driving growth across Europe. The focus will be on countries like Norway and Hungary, which are experiencing significant year-on-year growth, as well as Italy, which maintains a leading position. Emerging markets in Eastern Europe may also provide new opportunities for expansion.
Top countries in Number of High Growth Enterprises in Structural Metal Products by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 819 | 2023 | +18.7% | +5.93% | View data |
| 2 | 2 Hungary | 369 | 2023 | +17.14% | +13.03% | View data |
| 3 | 3 Portugal | 336 | 2023 | +17.07% | +8.45% | View data |
| 4 | 4 Czech Republic | 163 | 2023 | +13.99% | +3.09% | View data |
| 5 | 5 Romania | 69 | 2023 | +18.97% | +6.65% | View data |
| 6 | 6 Lithuania | 63 | 2023 | +8.62% | +3.52% | View data |
| 7 | 7 Slovakia | 48 | 2023 | +6.67% | +2.71% | View data |
| 8 | 8 Norway | 47 | 2023 | +27.03% | +22.55% | View data |
| 9 | 9 Latvia | 20 | 2023 | -4.76% | -0.97% | View data |
| 10 | 10 Iceland | 3 | 2023 | +50% | +8.45% | View data |
