The Chocolate Sweet Biscuits market in Latvia showed steady growth between 2013 and 2023, reaching a volume of 2.7165 million kilograms in 2023. The market experienced significant year-on-year rises, particularly in 2016 and 2017, with growth rates of 7.02% and 13.05% respectively. The market's Compound Annual Growth Rate (CAGR) highlights a progressive expansion, with a notable 5.93% during 2015-2019, stabilizing to 0.99% from 2018 to 2023.
Future trends to observe include potential market saturation, changing consumer preferences towards healthier options, and the impact of economic conditions on discretionary spending on confectionery items.
How does Latvia rank in Chocolate Sweet Biscuits Market Size Volume?
| # | 17 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 320,910,000 | 2023 | +1.96% | +4.28% | View data |
| 2 | 2 Spain | 217,340,000 | 2023 | +2.47% | +3.61% | View data |
| 3 | 3 Germany | 209,780,000 | 2023 | +0.41% | +1.61% | View data |
| 4 | 4 France | 121,320,000 | 2023 | +1.99% | -0.05% | View data |
| 5 | 5 Belgium | 56,525,000 | 2023 | +1.48% | +2.46% | View data |
| 14 | 14 Lithuania | 6,077,300 | 2023 | +2.97% | -2.42% | View data |
| 15 | 15 Denmark | 4,407,200 | 2023 | -3.05% | -2.95% | View data |
| 16 | 16 Latvia | 2,716,500 | 2023 | +0.86% | +0.99% | |
| 17 | 17 Estonia | 1,514,100 | 2023 | -0.58% | -1.51% | View data |
