Annual Factoring Data

Factoring turnover in Europe

The total turnover for the factoring and commercial finance industry across the Europe in 2021 was 2 Trillion Euros. EUF Members represented 94% of the turnover in the Europe with the top five countries making up nearly 73% of the total market. The factoring industry turnover represented 11.4% of Europe GDP in 2021.

Total Factoring Volume in Europe in 2021

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 2007-2021 (in Millions of €)

Turnover volumes by country in 2021 (Millions of €)

31 December 2021NotesTotal Turnoverpct var. on the previous year (Total)GDP PenetrationEU Market Share
Austria* 30 459 14%7.6%1.5%
Belgium* 99 368 22%19.6%4.9%
Bulgaria(1)/(2) 4 274 30%6.3%0.2%
Croatia*(1) 1 230 8%2.2%0.1%
Cyprus(2) 3 200 9%13.7%0.2%
Czech Rep*(1) 9 430 28%4.0%0.5%
Denmark*(1) 21 910 18%6.5%1.1%
Estonia(3) 3 900 0%12.7%0.2%
Finland(3) 28 000 0%11.1%1.4%
France* 364 870 13%14.7%18.0%
Germany* 309 358 11%8.7%15.2%
Greece* 17 656 22%9.7%0.9%
Hungary(1)/(2) 10 671 23%6.9%0.5%
Ireland(2) 28 617 1%6.8%1.4%
Italy* 258 350 10%14.6%12.7%
Latvia(2) 823 1%2.5%0.0%
Lithuania(2) 3 200 19%5.8%0.2%
Luxemburg(3) 339 0%0.5%0.0%
Malta(3) 696 0%4.8%0.0%
Netherlands* 131 940 16%15.3%6.5%
Poland*(1) 78 950 26%13.7%3.9%
Portugal* 34 487 10%16.3%1.7%
Romania(1)/(2) 5 990 21%2.5%0.3%
Slovakia(2) 2 263 41%2.3%0.1%
Slovenia(2) 2 000 14%3.8%0.1%
Spain* 199 364 9%16.5%9.8%
Sweden(3) 21 473 0%4.0%1.1%
EU Total Turnover(1)/(2)/(3) 1 672 818 12.5%11.6%82.4%
EUF Members (*)(1) 1 557 372 13.0%12.6%76.7%
Norway *(1) 28 105 10%6.9%1.4%
Switzerland(3) 593 0%0.1%0.0%
United Kingdom*(1) 328 429 13%14.9%16.2%
European Countries(1)/(2)/(3) 2 029 944 12.4%11.4%100.0%
EUF Members or Partners (*)(1) 1 913 905 12.9%12.7%94.3%

** on the basis of data provided by members and/or Eurostat

Notes:

  1. Pct variation has been corrected in order to avoid biases due to exchange rates fluctuation.
  2. Estimates on the basis of available information
  3. Estimates of the turnover - the previous year's turnover implemented

Source: EUF Members, FCI, Eurostat, ONS (GDP values in current market prices)

© EU Federation - 2022