Lithuania: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Lithuania

The Lithuanian chocolate and confectionery market expanded rapidly to $X in 2022, picking up by 7.4% against the previous year. In general, consumption, however, continues to indicate a noticeable downturn. Chocolate and confectionery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Chocolate And Confectionery Production in Lithuania

In value terms, chocolate and confectionery production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible contraction. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Chocolate And Confectionery Exports

Exports from Lithuania

For the seventh year in a row, Lithuania recorded growth in overseas shipments of chocolate and confectionery, which increased by 6.3% to X tons in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2012 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 16%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, chocolate and confectionery exports rose sharply to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.3% against 2015 indices. The growth pace was the most rapid in 2013 when exports increased by 23% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

The UK (X tons), the Netherlands (X tons) and Latvia (X tons) were the main destinations of chocolate and confectionery exports from Lithuania, with a combined 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +57.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from Lithuania were Latvia ($X), the UK ($X) and the Netherlands ($X), with a combined 33% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +54.1%, recorded 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 chocolate and confectionery export price stood at $X per ton in 2022, increasing by 4.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 5.8% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Norway ($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 Bulgaria (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Lithuania

In 2022, approx. X tons of chocolate and confectionery were imported into Lithuania; rising by 3.2% on 2021 figures. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 13% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, chocolate and confectionery imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of chocolate and confectionery imports to Lithuania, with a combined 55% share of total imports. Latvia, Belgium, Slovakia, Ukraine, Austria, Sweden, Italy, Hungary, France and Russia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Lithuania were Poland ($X), Germany ($X) and the Netherlands ($X), together accounting for 59% of total imports. Latvia, Belgium, Slovakia, Ukraine, Italy, Austria, Sweden, Hungary, France and Russia lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Slovakia, with a CAGR of +27.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, increasing by 2.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 10%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform