Analysis of the Estonian sugar-coated candies market indicates a fluctuating growth trajectory, reaching 304.66 thousand kilograms in 2023. Notably, the past decade showcased periods of significant increase and decline, peaking with a robust 25.45% year-on-year growth in 2018, while 2020 witnessed a notable contraction of -12.86%. The last two years, however, marked recovery with a consistent positive growth culminating in a 6.74% rise in 2023. The five-year CAGR (Compound Annual Growth Rate) concluded at 2.1%, reflecting moderate annual growth, driven by recovery post-2020 downturns.
Future trends to watch include potential impacts of economic shifts in consumer behavior due to inflationary pressures and increased health-conscious consumption, which might dampen or stimulate demand in various segments of the candy market.
How does Estonia rank in Sugar-Coated Candies Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38,620,000 | 2023 | +0.55% | +2.16% | View data |
| 2 | 2 United Kingdom | 28,235,000 | 2023 | +1.19% | +0.4% | View data |
| 3 | 3 France | 22,887,000 | 2023 | +0.51% | +0.43% | View data |
| 4 | 4 Finland | 3,479,400 | 2023 | -0.79% | -0.67% | View data |
| 5 | 5 Romania | 1,710,300 | 2023 | +0.94% | -0.5% | View data |
| 6 | 6 Denmark | 1,704,700 | 2023 | -1.73% | -1.64% | View data |
| 7 | 7 Estonia | 304,660 | 2023 | +6.74% | +2.1% |
