The hard candies market in Estonia demonstrated a fluctuating trend from 2013 to 2023, starting at 1.0266 million kilograms in 2013 and declining to 0.78609 million kilograms by 2023. There was an overall downward trend with several periods of marginal recovery, notably in 2017 and 2019. The year-on-year growth saw a minor decrease in the last two years, following a positive growth in previous years. The compound annual growth rate (CAGR) from 2019 to 2023 stood at 3.83%, indicating a slight recovery phase in recent years.
Future trends to watch for:
- Potential influences of health awareness driving consumer preferences towards healthier confectionery options.
- Impact of economic factors on consumer spending and product demand.
- Innovation in flavors and packaging which may play a role in revitalizing market interest.
How does Estonia rank in Hard Candies Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 37,837,000 | 2023 | +0.82% | +0.44% | View data |
| 2 | 2 Spain | 27,443,000 | 2023 | +1.61% | +0.86% | View data |
| 3 | 3 France | 23,823,000 | 2023 | -0.59% | -2.25% | View data |
| 4 | 4 Poland | 10,120,000 | 2023 | -2.94% | -1.08% | View data |
| 5 | 5 Portugal | 4,377,500 | 2023 | +2.94% | +1.79% | View data |
| 11 | 11 Hungary | 1,392,900 | 2023 | -0.54% | -2.01% | View data |
| 12 | 12 Latvia | 1,089,700 | 2023 | +3.23% | +1.71% | View data |
| 13 | 13 Estonia | 786,090 | 2023 | -0.16% | +3.83% | |
