In 2023, Spain leads in European sold production of sugar confectionery pastes, representing a share increase of 0.073%. Despite its dominance, Germany faced a notable decline of 5.78% year-on-year. The United Kingdom showed resilience with a 4.38% growth, whilst the Netherlands experienced a slight rise of 0.6%. Belgium and Denmark observed reductions, with Italy and Sweden experiencing significant declines of 6.89% and 6.7% respectively. Conversely, Estonia's production soared by 19.84%, indicating promising growth, while Poland, Portugal, and Serbia also noted upward trends.
Future trends to watch in this sector include:
- Potential recovery in Germany and Belgium as companies adapt to evolving market conditions.
- Sustained growth in Eastern Europe, driven by Estonia’s recent surge.
- Innovation in product offerings could significantly benefit countries like Italy and Sweden.
- The expansion of premium confectionery segments in countries like Spain hints at increased market diversification and value-added production.
Top countries in Sold Production of Sugar Confectionery Pastes Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 35.16 | 2023 | +0.23% | +0.073% | View data |
| 2 | 2 Germany | 21.89 | 2023 | -1.62% | -5.78% | View data |
| 3 | 3 United Kingdom | 14.81 | 2023 | +1.56% | +4.38% | View data |
| 4 | 4 Netherlands | 8.05 | 2023 | +1.24% | +0.6% | View data |
| 5 | 5 Belgium | 7.83 | 2023 | -3.16% | -2.08% | View data |
| 6 | 6 Denmark | 3.49 | 2023 | +0.92% | -2.19% | View data |
| 7 | 7 Italy | 2.79 | 2023 | +20.05% | -6.89% | View data |
| 8 | 8 Poland | 1.75 | 2023 | +0.41% | +0.55% | View data |
| 9 | 9 Sweden | 1.13 | 2023 | -6.11% | -6.7% | View data |
| 10 | 10 Portugal | 0.79 | 2023 | +15.43% | +4.68% | View data |
