The beer market in Estonia has seen notable fluctuations from 2013 to 2023. Following a peak of 130.32 million euros in 2015, the market underwent significant decline, hitting a low of 99.308 million euros in 2020. This was followed by a moderate recovery, with the value reaching 106.34 million euros by 2023. Over the last five years, the compound annual growth rate (CAGR) indicates a slight upward trend of 0.38%. Year-on-year changes reveal significant volatility, ranging from a drop of 14.69% in 2017 to a notable increase of 7.37% in 2021.
Future trends to watch include the impact of shifting consumer preferences towards premium and craft beers, potential regulatory changes affecting alcohol sales, and the influence of broader economic conditions on consumer spending. Staying attuned to these factors will be crucial for stakeholders aiming to leverage opportunities in the Estonian beer market.
How does Estonia rank in Beer Market Size Value?
| # | 20 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,281,600,000 | 2023 | +0.19% | -0.56% | View data |
| 2 | 2 Spain | 6,450,900,000 | 2023 | +1.75% | +0.85% | View data |
| 3 | 3 United Kingdom | 5,969,700,000 | 2023 | -0.52% | +0.47% | View data |
| 4 | 4 Italy | 4,107,400,000 | 2023 | +1.29% | +0.24% | View data |
| 5 | 5 Poland | 2,841,700,000 | 2023 | -2.18% | -0.87% | View data |
| 18 | 18 Slovakia | 305,920,000 | 2023 | +0.88% | -0.68% | View data |
| 19 | 19 Latvia | 123,100,000 | 2023 | +0.13% | -0.9% | View data |
| 20 | 20 Estonia | 106,340,000 | 2023 | -0.12% | +0.38% | |
