Annual Factoring Data
Factoring turnover in Europe
The total turnover for the factoring and commercial finance industry across the Europe in 2022 was over 2 Trillion Euros. EUF Members represented 94.8% of the turnover in the Europe with the top five countries making up nearly 71.4% of the total market. The factoring industry turnover represented 12.3% of Europe GDP in 2022.
Total Factoring Volume in Europe in 2022
NB The year on year growth for non Euro countries may be affected by changes in exchange rates.
Source: EU National Associations and FCI statistics.
Factoring evolution 2007-2022 (in Millions of €)
Turnover volumes by country in 2022 (Millions of €)
| 31 December 2022 | Notes | Total Turnover | pct var. on the previous year (Total) | GDP Penetration | European Market Share | ||||
|---|---|---|---|---|---|---|---|---|---|
| Austria* | 35.884 | 17,8% | 8,0% | 1,5% | |||||
| Belgium* | 124.166 | 25,0% | 22,5% | 5,2% | |||||
| Bulgaria | (1)/(2) | 6.500 | 52,1% | 7,7% | 0,3% | ||||
| Croatia* | (1) | 1.365 | 11,3% | 2,0% | 0,1% | ||||
| Cyprus | (2) | 3.600 | 12,5% | 13,3% | 0,2% | ||||
| Czech Rep* | (1) | 11.857 | 22,0% | 4,3% | 0,5% | ||||
| Denmark* | (1) | 25.532 | 16,4% | 6,8% | 1,1% | ||||
| Estonia | (3) | 3.900 | 0,0% | 10,8% | 0,2% | ||||
| Finland | (3) | 28.000 | 0,0% | 10,5% | 1,2% | ||||
| France* | 421.500 | 15,5% | 15,9% | 17,7% | |||||
| Germany* | 372.923 | 20,5% | 9,7% | 15,6% | |||||
| Greece* | 23.507 | 33,1% | 11,3% | 1,0% | |||||
| Hungary | (1)/(2) | 12.039 | 22,5% | 7,1% | 0,5% | ||||
| Ireland | (3) | 28.617 | 0,0% | 5,7% | 1,2% | ||||
| Italy* | 296.106 | 14,6% | 15,5% | 12,4% | |||||
| Latvia | (2) | 920 | 11,8% | 2,4% | 0,0% | ||||
| Lithuania | (2) | 5.500 | 71,9% | 8,2% | 0,2% | ||||
| Luxemburg | (3) | 339 | 0,0% | 0,4% | 0,0% | ||||
| Malta | (3) | 696 | 0,0% | 4,1% | 0,0% | ||||
| Netherlands* | 163.663 | 24,0% | 17,4% | 6,9% | |||||
| Poland* | (1) | 98.201 | 26,2% | 15,0% | 4,1% | ||||
| Portugal* | 42.078 | 22,0% | 17,6% | 1,8% | |||||
| Romania | (1)/(2) | 7.847 | 31,0% | 2,7% | 0,3% | ||||
| Slovakia | (2) | 2.914 | 28,8% | 2,7% | 0,1% | ||||
| Slovenia | (2) | 2.190 | 9,5% | 3,7% | 0,1% | ||||
| Spain* | 257.636 | 29,2% | 19,4% | 10,8% | |||||
| Sweden | (3) | 21.473 | 0,0% | 3,9% | 0,9% | ||||
| EU Total Turnover | (1)/(2)/(3) | 1.998.953 | 19,6% | 12,6% | 83,8% | ||||
| EUF Members (*) | (1) | 1.874.418 | 20,4% | 13,9% | 78,6% | ||||
| Norway * | (1) | 30.914 | 10,0% | 5,6% | 1,3% | ||||
| Switzerland | (3) | 593 | 0,0% | 0,1% | 0,0% | ||||
| United Kingdom* | (1) | 353.539 | 13,6% | 12,3% | 14,8% | ||||
| European Countries | (1)/(2)/(3) | 2.383.999 | 18,5% | 12,3% | 100,0% | ||||
| EUF Members or Partners (*) | (1) | 2.258.871 | 19,2% | 13,9% | 94,8% | ||||
** on the basis of data provided by members and/or Eurostat
Notes:
- Pct variation has been corrected in order to avoid biases due to exchange rates fluctuation.
- Estimates on the basis of available information
- Estimates of the turnover - the previous year's turnover implemented
Source: EUF Members, FCI, Eurostat, ONS (GDP values in current market prices)