Key Market Indicators
The baked goods market is projected to grow from approximately €301 million in 2023 to nearly €316 million by 2028. This represents an average annual growth rate of 0.8%. Over the past year, the market experienced a modest increase of 0.2%. In the European context, Italy, the United Kingdom, and France hold the second, third, and fourth positions, respectively, in market rankings. Meanwhile, Slovenia's bread export sector is expected to see significant growth. Projections indicate that exports will rise from around $61 million in 2023 to roughly $74 million by 2028, marking an average annual growth rate of 3%. Since 1999, Slovenian bread exports have increased at an average rate of 4.5% per year. On the import side, Slovenia's bread imports are forecasted to grow from approximately $145 million in 2023 to about $162 million by 2028. This translates to an average yearly growth rate of 1.7%. Since 1999, the demand for imported bread in Slovenia has seen an average annual increase of 2.5%.
