Lithuania: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Lithuania

The Lithuanian sugary soft drink market soared to $X in 2022, rising by 16% against the previous year. Over the period under review, consumption saw a buoyant increase. Sugary soft drink consumption peaked in 2022 and is likely to see gradual growth in the near future.

Sugary Soft Drink Production in Lithuania

In value terms, sugary soft drink production rose rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +30.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. Over the period under review, production attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Sugary Soft Drink Exports

Exports from Lithuania

In 2022, shipments abroad of sugary soft drinks decreased by -14.2% to X litres for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 110%. As a result, the exports attained the peak of X litres, and then contracted in the following year.

In value terms, sugary soft drink exports reduced to $X in 2022. In general, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 150% against the previous year. As a result, the exports reached the peak of $X, and then fell modestly in the following year.

Exports by Country

Latvia (X litres), France (X litres) and Estonia (X litres) were the main destinations of sugary soft drink exports from Lithuania, with a combined 63% share of total exports. Poland, Belarus, the UK, Germany, Russia, Azerbaijan and Belgium lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of +99.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugary soft drink exported from Lithuania were France ($X), Latvia ($X) and Estonia ($X), with a combined 51% share of total exports. Belarus, Poland, Russia, the UK, Azerbaijan, Belgium and Germany lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Belarus, with a CAGR of +77.1%, recorded 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

The average sugary soft drink export price stood at $X per litre in 2022, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per litre), while the average price for exports to Germany ($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 Belarus (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Lithuania

After three years of growth, purchases abroad of sugary soft drinks decreased by -10.3% to X litres in 2022. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 74% against the previous year. Imports peaked at X litres in 2021, and then contracted in the following year.

In value terms, sugary soft drink imports expanded markedly to $X in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 82%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Poland (X litres), Latvia (X litres) and Ukraine (X litres) were the main suppliers of sugary soft drink imports to Lithuania, together comprising 67% of total imports. Austria, Estonia, Ireland, Finland, Germany, Serbia, Taiwan (Chinese), Hungary and Belarus lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +436.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugary soft drink suppliers to Lithuania were Poland ($X), Austria ($X) and Latvia ($X), together accounting for 51% of total imports. Ukraine, Ireland, Serbia, Estonia, Germany, Finland, Hungary, Taiwan (Chinese) and Belarus lagged somewhat behind, together accounting for a further 35%.

Serbia, with a CAGR of +486.1%, saw the highest rates of growth with regard to 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 sugary soft drink import price stood at $X per litre in 2022, picking up by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 Austria ($X per litre), while the price for Latvia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform