In 2023, Italy emerged as the leader in European sold production of tea and coffee by value, representing strong year-on-year growth of 4.43%. Germany, despite its significant market share, experienced a marginal decline of 0.18%. Spain and Poland showed solid growth rates at 3.12% and 4.16% respectively, indicating a positive market trajectory. Conversely, France and the United Kingdom saw declines of 2.99% and 2.7%, suggesting market challenges. Remarkable declines in Greece and Sweden were noted, with 32.92% and 41.75% drops, highlighting regional disparities in consumer preferences and market conditions.
Future trends to watch in the European tea and coffee market include the potential growth in emerging markets like Eastern Europe where countries exhibit positive growth rates. Innovations in product offerings and sustainability practices are likely to influence production values across the region. Monitoring shifts in consumer behavior towards premium and specialty products will also be crucial for forecasting market dynamics.
Top countries in Sold Production of Tea and Coffee Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 32.32 | 2023 | +2.6% | +4.43% | View data |
| 2 | 2 Germany | 17.41 | 2023 | -0.45% | -0.18% | View data |
| 3 | 3 Spain | 11.62 | 2023 | +2.83% | +3.12% | View data |
| 4 | 4 France | 6.99 | 2023 | -3.14% | -2.99% | View data |
| 5 | 5 Netherlands | 5.62 | 2023 | +3.04% | +1.63% | View data |
| 6 | 6 Poland | 5.36 | 2023 | +2.82% | +4.16% | View data |
| 7 | 7 United Kingdom | 5 | 2023 | -3.98% | -2.7% | View data |
| 8 | 8 Portugal | 2.66 | 2023 | +3.98% | +1.25% | View data |
| 9 | 9 Belgium | 1.89 | 2023 | +0.97% | +1.48% | View data |
| 10 | 10 Finland | 1.81 | 2023 | -0.48% | -1.26% | View data |
