The Estonian biscuits market volume displayed a fluctuating trend over the past decade, starting at 443 thousand kilograms in 2013 and reaching 447.56 thousand kilograms in 2023. While initial growth was observed, peaking in 2017, the market has experienced a downward trend since 2018. Recent data show a year-on-year decline of 0.67% for both 2022 and 2023, reflecting a continued slowdown. The compound annual growth rate (CAGR) over the last five years has been a slight decline of 1.18%, indicating shrinking market volumes.
Future trends to watch for:
- Potential external factors like shifts in consumer preferences towards healthier snacks.
- Impact of economic changes in Estonia that might influence consumer spending and market demand.
- Innovations in product offerings and branding strategies to reignite consumer interest and drive market growth.
How does Estonia rank in Biscuits Market Size Volume?
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 93,466,000 | 2023 | +4.49% | +5.35% | View data |
| 2 | 2 Italy | 49,314,000 | 2023 | +1.75% | +2.04% | View data |
| 3 | 3 Germany | 39,710,000 | 2023 | -1.32% | -2% | View data |
| 4 | 4 Finland | 3,666,200 | 2023 | +1.05% | +1.24% | View data |
| 5 | 5 Lithuania | 1,388,500 | 2023 | +0.74% | +1.35% | View data |
| 6 | 6 Estonia | 447,560 | 2023 | -0.67% | -1.18% |
