The spirits market in Finland, which had negative compound annual growth rate (CAGR) from 2006-11, will continue to be negative but at a much lower rate, finds a report by Canadean – Wine & Spirits.
According to the report, The Future of the Spirits Market in Finland, to 2016, the CAGR which was -3.8% during the first five years from 2006, will be negative but improve to -0.56%.
All the categories within the spirits market recorded negative CAGR during 2006-11, with the consumption of Rum & Cane Spirits declining the most at -6.49% and Brandy the least at -2.85%.
During 2011-16, Brandy is expected to post a marginal positive CAGR of 0.21%, while the others will continue to be negative -- Gin & Genever -0.54%, Liqueurs & Cocktails -0.58%, Rum & Cane Spirits -4.02%, Specialty Spirits -0.59%, Tequila & Mezcal -0.57%, Vodka -0.55% and Whiskey -0.57%.
Vodka will have the highest market share of 62% and Tequila & Mezcal the least at 0.18%.
The year-on-year (Y-o-Y) growth has been negative though fluctuating from 2006-2011; it will go on to be so in 2012 at -2.8% and 2013 at -0.7%, before recording 0% in 2014 and 0.4% each in the next two years.
