Lithuania: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Lithuania

In 2022, the Lithuanian spirits and liqueurs market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption showed a slight shrinkage. Spirits and liqueurs consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Spirits And Liqueurs Production in Lithuania

In value terms, spirits and liqueurs production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Spirits And Liqueurs Exports

Exports from Lithuania

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, spirits and liqueurs exports expanded markedly to $X in 2022. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X litres), Russia (X litres) and Latvia (X litres) were the main destinations of spirits and liqueurs exports from Lithuania, with a combined X% share of total exports. Estonia, Ukraine, Belarus, Iraq, Bulgaria, the UK, Sweden, Kazakhstan and Finland lagged somewhat behind, together comprising a further X%.

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

In value terms, Russia ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by Latvia, with an X% share.

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

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per litre), while the average price for exports to Bulgaria ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Lithuania

After four years of growth, overseas purchases of spirits, liqueurs and other spirituous beverages decreased by X% to X litres in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X litres in 2021, and then reduced in the following year.

In value terms, spirits and liqueurs imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X litres), Latvia (X litres) and Belarus (X litres) were the main suppliers of spirits and liqueurs imports to Lithuania, with a combined X% share of total imports. Estonia, Germany, Ukraine, Poland, Spain, the UK, Finland, Italy, Sweden and Ireland lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Latvia ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Estonia (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per litre), while the price for Belarus ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform