The Brandy and Cognac market in Finland has experienced a continuous decline in value since 2012, starting from 43.64 million Euros and reaching 29.53 million Euros by 2022. The highest market value was recorded in 2013 at 47.011 million Euros, followed by a persistent downward trend with minor fluctuations. Notably, the market demonstrated some resistance in 2019 with a slight increase of 1.81%, while subsequent years reverted to a decreasing trend, concluding with -2.76% in 2022. Over the last 5 years, the average annual decline, as represented by the CAGR, stood at around -3.21%. As of 2023, the market value is perceived to be consistent with this downtrend.
Future trends in the Brandy and Cognac market should focus on evolving consumer preferences, particularly towards premium and craft products, which may offer potential for market stabilization or growth. Additionally, the role of digital and direct-to-consumer sales channels along with economic factors such as inflation and disposable income levels will be critical in shaping the market dynamics moving forward.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 172,250,000 | 2023 | -3.53% | -3.24% | View data |
| 2 | 2 United Kingdom | 132,350,000 | 2023 | -1.42% | -2.1% | View data |
| 3 | 3 Portugal | 67,415,000 | 2023 | +1.1% | -2.82% | View data |
| 4 | 4 Bulgaria | 64,515,000 | 2023 | +2.87% | +2.63% | View data |
| 5 | 5 Greece | 35,028,000 | 2023 | +2.1% | +2.81% | View data |
| 6 | 6 Lithuania | 26,854,000 | 2023 | -3.38% | -2.38% | View data |
| 7 | 7 Finland | 25,792,000 | 2023 | -6.11% | -4.33% | |
| 8 | 8 Sweden | 11,320,000 | 2023 | +1.69% | +0.97% | View data |
| 9 | 9 Croatia | 7,174,400 | 2023 | +0.43% | -1.91% | View data |
