Lithuania: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Lithuania

In 2022, the Lithuanian market for gingerbread, sweet biscuits and waffles increased by 14% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Gingerbread, Sweet Biscuits and Waffles in Lithuania

In value terms, gingerbread, sweet biscuit and waffle production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +53.8% against 2018 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Lithuania

In 2022, approx. X tons of gingerbread, sweet biscuits and waffles were exported from Lithuania; picking up by 23% against 2021 figures. Overall, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.1% against 2020 indices. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle exports soared to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X tons), Germany (X tons) and Estonia (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Lithuania, with a combined 52% share of total exports. Russia, the UK, Poland, Sweden, the Netherlands and the United States lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +216.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Lithuania were Latvia ($X), Russia ($X) and Estonia ($X), together accounting for 52% of total exports. Germany, Sweden, Poland, the Netherlands, the UK and the United States lagged somewhat behind, together comprising a further 31%.

Sweden, with a CAGR of +239.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2016 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany ($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 Sweden (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Lithuania

Gingerbread, sweet biscuit and waffle imports into Lithuania contracted slightly to X tons in 2022, remaining constant against the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 11%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Latvia (X tons) and Ukraine (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Lithuania, with a combined 67% share of total imports. Germany, the Czech Republic, Belgium and Spain lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +33.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Latvia ($X) and Germany ($X) constituted the largest gingerbread, sweet biscuit and waffle suppliers to Lithuania, together comprising 64% of total imports. Ukraine, Belgium, the Czech Republic and Spain lagged somewhat behind, together accounting for a further 22%.

Spain, with a CAGR of +34.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, picking up by 7.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 9.9%. The import price peaked in 2022 and is likely to see steady 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 Belgium ($X per ton), while the price for the Czech Republic ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform