Lithuania: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Lithuania

The Lithuanian prepared baking powder market shrank to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Prepared baking powder consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Prepared Baking Powder Production in Lithuania

In value terms, prepared baking powder production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33%. Prepared baking powder production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Prepared Baking Powder Exports

Exports from Lithuania

For the third year in a row, Lithuania recorded decline in shipments abroad of prepared baking powders, which decreased by -5.9% to X tons in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 21%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared baking powder exports stood at $X in 2022. Over the period under review, exports continue to indicate a slight decline. The growth pace was the most rapid in 2013 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Estonia (X tons), Latvia (X tons) and Belarus (X tons) were the main destinations of prepared baking powder exports from Lithuania, with a combined 84% share of total exports. Germany, the UK and Kazakhstan lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +47.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for prepared baking powder exported from Lithuania were Latvia ($X), Belarus ($X) and Estonia ($X), with a combined 83% share of total exports. Germany, the UK and Kazakhstan lagged somewhat behind, together accounting for a further 16%.

Germany, with a CAGR of +46.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2022, growing by 7.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure 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 Germany ($X per ton), while the average price for exports to Kazakhstan ($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 Latvia (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Lithuania

In 2022, the amount of prepared baking powders imported into Lithuania soared to X tons, with an increase of 20% against the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, prepared baking powder imports soared to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 23%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest prepared baking powder supplier to Lithuania, with a 72% share of total imports. Moreover, prepared baking powder imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Estonia (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.9% per year) and Estonia (+32.7% per year).

In value terms, Poland ($X) constituted the largest supplier of prepared baking powders to Lithuania, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Estonia, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.9% per year) and Estonia (+25.1% per year).

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 21%. Over the period under review, average import prices hit record highs 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 Latvia ($X per ton), while the price for the Netherlands ($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 (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform