In Estonia, the vodka market size was valued at 20.319 million Euros in 2023. From 2013 to 2023, the market experienced significant fluctuations, notably a peak in 2014 at 31.819 million Euros and a subsequent decline. Over the last two years, the market saw year-on-year reductions of around 2.5%, while over the last five years, the CAGR indicates an average annual decline of 0.36%.
Future trends to watch for include:
- An increased focus on premium and craft vodka varieties, aligning with global trends.
- A potential reversal in declining market values due to a shift in consumer preferences towards higher quality products.
- Influences from international trade agreements and economic conditions impacting market dynamics.
How does Estonia rank in Vodka Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 631,330,000 | 2023 | +0.016% | +0.4% | View data |
| 2 | 2 Germany | 209,890,000 | 2023 | +1.61% | +0.56% | View data |
| 3 | 3 Romania | 82,471,000 | 2023 | +2.02% | -0.057% | View data |
| 4 | 4 Bulgaria | 49,926,000 | 2023 | +1.45% | +3.18% | View data |
| 5 | 5 Czech Republic | 48,955,000 | 2023 | -0.049% | +1.87% | View data |
| 9 | 9 Hungary | 24,341,000 | 2023 | +2.14% | +0.5% | View data |
| 10 | 10 Austria | 20,762,000 | 2023 | -0.82% | -2.05% | View data |
| 11 | 11 Estonia | 20,319,000 | 2023 | -2.47% | -0.36% | |
