The Romanian tea market showed moderate growth from 2013 to 2017, with year-on-year variations between -5.97% and 11.16%. From 2018 to 2021, growth was sluggish, even exhibiting negative changes in 2018 and 2021, with the latter showing a decline of 3.7%. However, 2022 marked an unprecedented surge, with the market value skyrocketing by an astonishing 5945800%. This trend continued into 2023 with a 7.39% increase, reaching 2192.9 million Euros. Over the last five years, the compound annual growth rate (CAGR) reached 818.99%, indicating high recent volatility.
Future trends to watch for include consumer preferences for healthier, high-quality tea products and potential impacts from economic shifts. Additionally, the role of e-commerce in expanding market reach and innovations in product offerings could further drive growth.
How does Romania 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% | |
| 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 |
