The Latvian confectionery market showed a significant growth trend from 2013 to 2023, with per capita volume increasing from 5.57 to 8.2 kilograms, illustrating heightened consumer demand. The most substantial growth was observed between 2015 and 2019. However, the market experienced a slight dip in 2021, likely due to external economic factors before recovering by 2023. Year-on-year, there was a notable rise in consumption in 2023 compared to 2022. The compound annual growth rate (CAGR) over the last five years reflects a steady upward trend.
Future trends to watch include the impact of changing consumer preferences towards healthier options, potential economic fluctuations affecting consumer spending, and innovations in confectionery products that could either expand or contract per capita consumption.
How does Latvia rank in Confectionery Market Size Volume Per Capita?
| # | 19 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.17 | 2023 | View data | ||
| 2 | 2 Finland | 18.04 | 2023 | View data | ||
| 3 | 3 Denmark | 16.52 | 2023 | View data | ||
| 4 | 4 Spain | 16.04 | 2023 | View data | ||
| 5 | 5 Netherlands | 15.12 | 2023 | View data | ||
| 13 | 13 Portugal | 9.95 | 2023 | View data | ||
| 14 | 14 Czech Republic | 9.43 | 2023 | View data | ||
| 15 | 15 Latvia | 8.2 | 2023 | |||
| 16 | 16 Greece | 7.84 | 2023 | View data | ||
| 17 | 17 Romania | 6.78 | 2023 | View data | ||
