The Latvian confectionery market volume demonstrated variable trends over the years, reaching 15.761 million kilograms in 2023. The market saw significant growth in the mid-2010s, highlighted by a notable jump in 2015 and 2016, followed by a relatively flat period up until 2019. A slight decline was observed in 2020 and 2021, with recovery starting in 2022 and continuing through 2023. The year-on-year growth in 2022 and 2023 averaged about 3.4%, while the compound annual growth rate (CAGR) over the last five years stood at 0.67%.
Future trends to watch for:
- Potential impact of health trends influencing confectionery consumption.
- Innovations in low-sugar and organic confectionery products.
- Shifts in consumer behavior due to economic factors and global supply challenges.
| # | 19 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,948,600,000 | 2023 | +0.053% | +0.79% | View data |
| 2 | 2 United Kingdom | 992,160,000 | 2023 | -0.26% | +0.088% | View data |
| 3 | 3 France | 819,960,000 | 2023 | -1.23% | -2.18% | View data |
| 4 | 4 Spain | 737,580,000 | 2023 | +1.48% | +0.84% | View data |
| 5 | 5 Italy | 623,390,000 | 2023 | -11.4% | -8.16% | View data |
| 16 | 16 Lithuania | 42,095,000 | 2023 | +0.68% | +1.33% | View data |
| 17 | 17 Estonia | 18,835,000 | 2023 | +0.17% | -0.59% | View data |
| 18 | 18 Latvia | 15,761,000 | 2023 | +3.29% | +0.67% | |
| 19 | 19 Slovenia | 13,600,000 | 2023 | +1.56% | +0.67% | View data |
