The Estonian tea market exhibited a declining trend from 2013 to 2023. Initially, the market size was valued at approximately €8.97 million in 2013, but by 2023, it had decreased to €6.40 million. Notably, the steepest decline occurred in 2016, with a 23.1% drop from the previous year. The compound annual growth rate over the last five years reveals an average annual decline of 1.39%. Recent years have seen fluctuations, including a slight recovery in 2020 before returning to a downward pattern through 2023.
Future trends to watch for in the Estonian tea market include:
- Potential shifts towards premium tea segments as consumers may seek higher quality.
- Continued influence of global health trends, potentially boosting demand for herbal and organic teas.
- Impact of digital retail channels on market dynamics, possibly enhancing accessibility and consumer reach.
How does Estonia rank in Tea Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 2,192,900,000,000 | 2023 | +7.39% | +818.99% | View data |
| 2 | 2 United Kingdom | 795,240,000 | 2023 | -2.47% | -0.83% | View data |
| 3 | 3 France | 289,290,000 | 2023 | +3.83% | +3.38% | View data |
| 4 | 4 Germany | 165,930,000 | 2023 | -2.08% | -0.87% | View data |
| 5 | 5 Italy | 100,490,000 | 2023 | -1.46% | +1.33% | View data |
| 10 | 10 Finland | 16,170,000 | 2023 | -0.97% | -0.38% | View data |
| 11 | 11 Latvia | 10,025,000 | 2023 | +9.38% | +9.27% | View data |
| 12 | 12 Estonia | 6,400,300 | 2023 | -2.7% | -1.39% | |
| 13 | 13 Croatia | 3,873,100 | 2023 | +1.79% | +2.48% | View data |
| 14 | 14 Bulgaria | 3,521,900 | 2023 | +4.06% | +3.52% | View data |
