The tea market in Slovakia, valued at 31.988 million Euros in 2023, experienced fluctuations over the past decade. From 2013's 29.294 million Euros, the market saw its lows in 2014 (26.855 million Euros) and 2019 (28.499 million Euros). However, it bounced back by 2023 with a slight year-on-year growth of 1.18% from 2022. Over the last two years, the market grew 1.18% annually, while it averaged an annual CAGR of 0.29% over five years, demonstrating moderate stability despite intermittent declines.
Future trends to watch for include shifts in consumer preferences toward health-conscious and environmentally sustainable options, potentially spurring demand for organic and specialty tea varieties. Additionally, economic factors and potential regulatory changes in the EU could impact market dynamics.
How does Slovakia rank in Tea Market Size Value?
# | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Romania | 2,192,900,000,000 | 2023 | +7.39% | +818.99% | View data |
2 | 2 United Kingdom | 795,240,000 | 2023 | -2.47% | -0.83% | View data |
3 | 3 France | 289,290,000 | 2023 | +3.83% | +3.38% | View data |
4 | 4 Germany | 165,930,000 | 2023 | -2.08% | -0.87% | View data |
5 | 5 Italy | 100,490,000 | 2023 | -1.46% | +1.33% | View data |
6 | 6 Sweden | 38,565,000 | 2023 | +2.39% | +0.28% | View data |
7 | 7 Slovakia | 31,988,000 | 2023 | +1.18% | +0.29% | |
8 | 8 Czech Republic | 31,330,000 | 2023 | +1.58% | +0.88% | View data |
9 | 9 Lithuania | 22,093,000 | 2023 | +2.1% | +2.72% | View data |