Lithuania: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Lithuania

The Lithuanian market for candies, sweets, and nonchocolate confectionery declined to $X in 2022, dropping by -5.4% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Lithuania

In value terms, candy, sweets, and nonchocolate confectionery production declined notably to $X in 2022 estimated in export price. Overall, production showed a perceptible downturn. The pace of growth was the most pronounced in 2016 with an increase of 28% against the previous year. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Lithuania

In 2022, overseas shipments of candies, sweets, and nonchocolate confectionery increased by 8.9% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 21% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports reached $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +48.4% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 22%. 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

Latvia (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Lithuania, together comprising 48% of total exports. Poland, Estonia, Russia, Morocco, Germany, Kazakhstan, Norway, Sweden, the Czech Republic and Romania lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +99.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), the UK ($X) and Russia ($X) constituted the largest markets for candy, sweets, and nonchocolate confectionery exported from Lithuania worldwide, with a combined 52% share of total exports. Estonia, Poland, Norway, the Netherlands, Kazakhstan, Germany, Morocco, the Czech Republic, Sweden and Romania lagged somewhat behind, together comprising a further 42%.

In terms of the main countries of destination, Norway, with a CAGR of +105.2%, saw the highest rates of growth with regard to the value of exports, 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 candies, sweets, and nonchocolate confectionery amounted to $X per ton, picking up by 2.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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 Norway ($X per ton), while the average price for exports to Morocco ($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 Russia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Lithuania

In 2022, after two years of decline, there was significant growth in purchases abroad of candies, sweets, and nonchocolate confectionery, when their volume increased by 5.9% to X tons. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 27% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports expanded sharply to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 19%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Lithuania, together comprising 51% of total imports. Latvia, Spain, the Czech Republic, Luxembourg, China, Belgium, Italy, Turkey and Russia lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +225.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and Germany ($X) constituted the largest candy, sweets, and nonchocolate confectionery suppliers to Lithuania, with a combined 45% share of total imports. Latvia, Spain, Luxembourg, Belgium, the Czech Republic, China, Italy, Turkey and Russia lagged somewhat behind, together comprising a further 38%.

In terms of the main suppliers, Luxembourg, with a CAGR of +200.1%, recorded the highest rates of growth with regard to the value of imports, 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 candies, sweets, and nonchocolate confectionery amounted to $X per ton, rising by 5.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Ukraine ($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 (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform