The tea market size volume in Latvia has been experiencing a steady decline over the past decade, with the latest figures for 2023 standing at 253.19 thousand kilograms. The year-on-year percentage variation reflects continuous drops, especially noticeable with decreases of 5.47% and 5.67% in 2022 and 2023, respectively. The compound annual growth rate (CAGR) over the last five years sits at -4.9%, underscoring the persistent downtrend in the market.
Future trends to watch for:
- An increased focus on healthy living could potentially revive the market with a shift toward specialty and wellness teas.
- Economic factors, consumer preferences, and innovative marketing strategies could alter consumption patterns.
- Sustainable sourcing and packaging, along with digital retail strategies, may create new opportunities for growth.
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24,606,000 | 2023 | -0.36% | -0.16% | View data |
| 2 | 2 Romania | 3,288,600 | 2023 | +3.85% | +4.31% | View data |
| 3 | 3 Spain | 3,228,900 | 2023 | +2.41% | +4.62% | View data |
| 4 | 4 Sweden | 2,659,900 | 2023 | +0.36% | +1.44% | View data |
| 5 | 5 Czech Republic | 2,302,000 | 2023 | +3.85% | +4.27% | View data |
| 9 | 9 Finland | 797,340 | 2023 | -2% | -2.77% | View data |
| 10 | 10 Estonia | 309,260 | 2023 | -3.81% | -3.39% | View data |
| 11 | 11 Latvia | 253,190 | 2023 | -5.67% | -4.9% | |
| 12 | 12 Croatia | 107,110 | 2023 | +1.45% | +1.1% | View data |
