Beer Market Overview in Estonia
Market Overview
In 2019, the Estonian beer market was finally on the rise to reach $
after five years of decline. Over the period under review, consumption, however, showed a noticeable reduction. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.
In value terms, beer production fell slightly to $ in 2019 estimated in export prices. In general, production showed a slight decrease. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.
after five years of decline. Over the period under review, consumption, however, showed a noticeable reduction. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.In value terms, beer production fell slightly to $
in 2019 estimated in export prices. In general, production showed a slight decrease. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.Consumption
In 2019, consumption of beer made from malt (excluding non-alcoholic beer) was finally on the rise to reach tonnes after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption hit record highs at tonnes in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.
The value of the beer market in Estonia expanded remarkably to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
tonnes after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption hit record highs at tonnes in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.The value of the beer market in Estonia expanded remarkably to $
in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.Market Forecast
Driven by rising demand for beer in Estonia, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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