Lithuania: Pasta Products Market 2024

Pasta Products Market Size in Lithuania

After three years of decline, the Lithuanian pasta products market increased by 21% to $X in 2022. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Pasta products consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Pasta Products Production in Lithuania

In value terms, pasta products production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by 3,122%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Pasta Products Exports

Exports from Lithuania

In 2022, overseas shipments of dried, undried and frozen pasta and pasta products increased by 18% to X tons, rising for the fourth year in a row after three years of decline. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 4,381%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, pasta products exports surged to $X in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 5,194% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for pasta products exports from Lithuania, accounting for a 48% share of total exports. Moreover, pasta products exports to the UK exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +55.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+24.3% per year) and Spain (+46.1% per year).

In value terms, the UK ($X) remains the key foreign market for dried, undried and frozen pasta and pasta products exports from Lithuania, comprising 47% of total exports. The second position in the ranking was held by Sweden ($X), with a 9.4% share of total exports. It was followed by Spain, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +61.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+36.0% per year) and Spain (+56.6% per year).

Export Prices by Country

In 2022, the average pasta products export price amounted to $X per ton, surging by 7.1% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta products export price increased by +47.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 62%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Norway ($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 France (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta Products Imports

Imports into Lithuania

In 2022, purchases abroad of dried, undried and frozen pasta and pasta products increased by 11% to X tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +62.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pasta products imports totaled $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +64.4% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Italy (X tons), Poland (X tons) and Ukraine (X tons) were the main suppliers of pasta products imports to Lithuania, with a combined 65% share of total imports. Turkey, the Netherlands, Germany, Latvia, the Czech Republic, Hungary, Uzbekistan, Austria and Russia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +77.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pasta products suppliers to Lithuania were Ukraine ($X), Poland ($X) and Italy ($X), together comprising 59% of total imports. The Netherlands, Germany, Latvia, the Czech Republic, Turkey, Hungary, Uzbekistan, Austria and Russia lagged somewhat behind, together accounting for a further 33%.

Austria, with a CAGR of +58.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pasta products import price stood at $X per ton in 2022, picking up by 3.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2013 when the average import price increased by 21% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform