Lithuania - Canned Vegetables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLithuania: Canned Vegetable Market 2024
Canned Vegetable Market Size in Lithuania
The Lithuanian canned vegetable market dropped sharply to $X in 2022, with a decrease of -25.6% against the previous year. Overall, consumption continues to indicate a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.
Canned Vegetable Production in Lithuania
In value terms, canned vegetable production reached $X in 2022 estimated in export price. Over the period under review, production saw a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5% against the previous year. Canned vegetable production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Canned Vegetable Exports
Exports from Lithuania
For the sixth year in a row, Lithuania recorded growth in overseas shipments of canned vegetables, which increased by 16% to X tons in 2022. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 26%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, canned vegetable exports skyrocketed to $X in 2022. Overall, exports showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 30%. The exports peaked in 2022 and are expected to retain growth in years to come.
Exports by Country
Latvia (X tons), Israel (X tons) and Russia (X tons) were the main destinations of canned vegetable exports from Lithuania, together accounting for 43% of total exports. The UK, Poland, Estonia, Italy, Germany, Belarus, the United States, the Netherlands and Greece lagged somewhat behind, together comprising a further 47%.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +226.2%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for canned vegetable exported from Lithuania were Latvia ($X), the UK ($X) and Estonia ($X), with a combined 55% share of total exports. Russia, Poland, Israel, Belarus, Italy, Germany, the United States, the Netherlands and Greece lagged somewhat behind, together comprising a further 36%.
Among the main countries of destination, the Netherlands, with a CAGR of +183.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average canned vegetable export price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Canned Vegetable Imports
Imports into Lithuania
In 2022, approx. X tons of canned vegetables were imported into Lithuania; with an increase of 7.5% on 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, canned vegetable imports rose notably to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
Imports by Country
In 2022, Poland (X tons) constituted the largest canned vegetable supplier to Lithuania, with a 41% share of total imports. Moreover, canned vegetable imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a 14% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.0% per year) and Hungary (-4.2% per year).
In value terms, Poland ($X) constituted the largest supplier of canned vegetables to Lithuania, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Spain, with an 8.9% share.
From 2012 to 2022, the average annual growth rate of value from Poland stood at +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.4% per year) and Spain (+4.0% per year).
Import Prices by Country
In 2022, the average canned vegetable import price amounted to $X per ton, picking up by 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the canned vegetable market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 472 - Vegetables, Preserved nes (O/T vinegar)
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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