Lithuania: Pimenta Pepper Market 2025

Pimenta Pepper Market Size in Lithuania

The Lithuanian pimenta pepper market surged to $X in 2022, picking up by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pimenta Pepper Exports

Exports from Lithuania

In 2022, shipments abroad of pimenta pepper decreased by -35.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell rapidly in the following year.

In value terms, pimenta pepper exports contracted significantly to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 94% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Russia (X tons), Latvia (X tons) and Estonia (X tons) were the main destinations of pimenta pepper exports from Lithuania, with a combined 88% share of total exports. Ukraine, the UK and Belarus lagged somewhat behind, together accounting for a further 7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +51.4%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for pimenta pepper exports from Lithuania, comprising 50% of total exports. The second position in the ranking was taken by Latvia ($X), with a 25% share of total exports. It was followed by Ukraine, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+3.4% per year) and Ukraine (+62.9% per year).

Export Prices by Country

The average pimenta pepper export price stood at $X per ton in 2022, picking up by 11% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Latvia ($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 Ukraine (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pimenta Pepper Imports

Imports into Lithuania

Pimenta pepper imports into Lithuania stood at X tons in 2022, increasing by 4.6% against the previous year. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 46%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pimenta pepper imports skyrocketed to $X in 2022. In general, imports showed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), China (X tons) and Poland (X tons) were the main suppliers of pimenta pepper imports to Lithuania, together accounting for 79% of total imports. Estonia, Germany, Latvia and the Netherlands lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +19.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pimenta pepper suppliers to Lithuania were Estonia ($X), Spain ($X) and China ($X), with a combined 66% share of total imports. Germany, Poland, Latvia and the Netherlands lagged somewhat behind, together comprising a further 31%.

Poland, with a CAGR of +26.4%, 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

The average pimenta pepper import price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Spain ($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 (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform