The Brandy and Cognac market size value per capita in Croatia has shown a fluctuating trend over the past decade, peaking in 2017 at 2.31 Euros and gradually declining thereafter. By 2023, the value stood at 1.67 Euros per capita, marking a significant decline from 2016 levels. Year-on-year decreases are evident in recent years, with a 1.76% drop from 2022 to 2023, and a 1.18% decrease from 2021 to 2022. The compound annual growth rate (CAGR) over the last five years is -2.24%, indicating a consistent downward trajectory.
Future trends to watch for in the Croatian Brandy and Cognac market include:
- Potential resurgence in premiumization trends, which may offset declines through higher-value offerings.
- Impact of economic recovery post-pandemic, possibly reviving consumer spending on luxury spirits.
- Shifts in consumer preferences towards alternative spirits or locally produced options.
How does Croatia rank in Brandy and Cognac Market Size Value Per Capita?
| # | 12 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 9.95 | 2023 | View data | ||
| 2 | 2 Bulgaria | 8.96 | 2023 | View data | ||
| 3 | 3 Portugal | 6.43 | 2023 | View data | ||
| 4 | 4 Finland | 4.95 | 2023 | View data | ||
| 5 | 5 Greece | 3.29 | 2023 | View data | ||
| 6 | 6 Germany | 2.12 | 2023 | View data | ||
| 7 | 7 United Kingdom | 1.94 | 2023 | View data | ||
| 8 | 8 Croatia | 1.67 | 2023 | |||
| 9 | 9 Slovakia | 1.26 | 2023 | View data | ||
| 10 | 10 Denmark | 1.13 | 2023 | View data | ||
