The sugar confectionery market size value per capita in Latvia saw fluctuations from 2013 to 2023, ultimately reaching €14.63 in 2023. Key observations include a notable dip from 2013's €14.86 to 2016's €12.92, followed by a gradual recovery and growth. Over the last two years, the market experienced an average annual growth of approximately 1.12%. The compound annual growth rate (CAGR) over the past five years stands at around 0.7%, indicating a slow but steady increase in per capita value.
Future trends to watch for include potential shifts due to changing consumer preferences towards healthier snacks, economic changes impacting disposable income, and innovations in confectionery products that could influence consumption patterns. Monitoring these trends will be essential for stakeholders in adapting strategies to maintain consumer engagement and market share.
How does Latvia rank in Sugar Confectionery Market Size Value Per Capita?
| # | 18 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 51.06 | 2023 | View data | ||
| 2 | 2 Denmark | 40.81 | 2023 | View data | ||
| 3 | 3 Estonia | 28.59 | 2023 | View data | ||
| 4 | 4 United Kingdom | 28.18 | 2023 | View data | ||
| 5 | 5 Italy | 23.19 | 2023 | View data | ||
| 12 | 12 Belgium | 16.71 | 2023 | View data | ||
| 13 | 13 Croatia | 15.96 | 2023 | View data | ||
| 14 | 14 Latvia | 14.63 | 2023 | |||
| 15 | 15 Portugal | 14.3 | 2023 | View data | ||
| 16 | 16 Greece | 12.89 | 2023 | View data | ||
