The brandy and cognac market in Finland has witnessed a mixed trend over the past decade. From 2013 to 2022, the market size value decreased from 47.011 million euros to 27.47 million euros, exhibiting year-on-year variations ranging from a high of 7.73% in 2013 to a low of -9.54% in 2022. The compounded annual growth rate (CAGR) also reflected a downward trend over multiple periods, averaging -4.33% from 2013 to 2022.
Forecasts suggest that the market will continue to decline, reaching an estimated value of 17.652 million euros by 2028 with a forecasted 5-year CAGR of -6.06%. This projected decline underscores the need to monitor changing consumer preferences, economic conditions, and potential policy impacts that could affect market dynamics.
