Lithuania: Perfume Market 2025

Perfume Market Size in Lithuania

The Lithuanian perfume market contracted to $X in 2022, shrinking by -14.1% against the previous year. Overall, consumption showed a abrupt curtailment. Perfume consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Perfume Production in Lithuania

In value terms, perfume production fell modestly to $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 2,116% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Perfume Exports

Exports from Lithuania

In 2022, shipments abroad of perfumes and toilet waters increased by 16% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 55%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, perfume exports rose notably to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 104%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for perfume exports from Lithuania, accounting for a 72% share of total exports. Moreover, perfume exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. Estonia (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+23.9% per year) and Estonia (+14.3% per year).

In value terms, Russia ($X) remains the key foreign market for perfumes and toilet waters exports from Lithuania, comprising 72% of total exports. The second position in the ranking was held by Estonia ($X), with a 4.5% share of total exports. It was followed by Latvia, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+17.7% per year) and Latvia (+4.7% per year).

Export Prices by Country

The average perfume export price stood at $X per ton in 2022, falling by -4.4% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, perfume export price decreased by -8.0% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Uzbekistan ($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 Belarus (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Perfume Imports

Imports into Lithuania

In 2022, purchases abroad of perfumes and toilet waters increased by 4.6% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 34%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, perfume imports expanded modestly to $X in 2022. In general, imports recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of 45% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of perfume imports to Lithuania, together accounting for 79% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +40.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Poland ($X) were the largest perfume suppliers to Lithuania, with a combined 76% share of total imports.

Italy, with a CAGR of +35.0%, recorded 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

In 2022, the average perfume import price amounted to $X per ton, declining by -1.9% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform