The hard candies market in Croatia has shown a declining trend in volume over the past decade, from 2.65 million kg in 2013 to 1.73 million kg in 2023. The market experienced fluctuations, with occasional small recoveries, but the overall direction has been downward. Recent years displayed instability, with a noticeable -5% decrease year-on-year in 2023. The compound annual growth rate (CAGR) over the last five years stands at -4.6%.
Future trends to watch for:
- A potential shift towards healthier confectionery alternatives may further impact hard candy sales negatively.
- Innovations in flavors and packaging could stimulate interest and demand, potentially slowing down the decline.
- Economic recovery and changes in consumer spending behavior might alter the current market trajectory.
How does Croatia rank in Hard Candies Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 37,837,000 | 2023 | +0.82% | +0.44% | View data |
| 2 | 2 Spain | 27,443,000 | 2023 | +1.61% | +0.86% | View data |
| 3 | 3 France | 23,823,000 | 2023 | -0.59% | -2.25% | View data |
| 4 | 4 Poland | 10,120,000 | 2023 | -2.94% | -1.08% | View data |
| 5 | 5 Portugal | 4,377,500 | 2023 | +2.94% | +1.79% | View data |
| 8 | 8 Austria | 2,043,400 | 2023 | -0.053% | -1.16% | View data |
| 9 | 9 Ireland | 1,868,800 | 2023 | -0.88% | -1.32% | View data |
| 10 | 10 Croatia | 1,734,200 | 2023 | -5% | -4.6% | |
| 11 | 11 Hungary | 1,392,900 | 2023 | -0.54% | -2.01% | View data |
| 12 | 12 Latvia | 1,089,700 | 2023 | +3.23% | +1.71% | View data |
