Lithuania: Tomato Juice Market 2024

Tomato Juice Market Size in Lithuania

The Lithuanian tomato juice market fell remarkably to $X in 2022, waning by -33.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Tomato Juice Production in Lithuania

In value terms, tomato juice production rose to $X in 2022 estimated in export price. Overall, production recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Tomato Juice Exports

Exports from Lithuania

In 2022, tomato juice exports from Lithuania dropped slightly to X tons, declining by -2% on 2021. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, tomato juice exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2020 with an increase of 33%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for tomato juice exports from Lithuania, with a 69% share of total exports. Moreover, tomato juice exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), fourfold. Russia (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+0.6% per year) and Russia (-0.4% per year).

In value terms, Latvia ($X) remains the key foreign market for tomato juice exports from Lithuania, comprising 66% of total exports. The second position in the ranking was taken by Estonia ($X), with an 18% share of total exports. It was followed by Russia, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Latvia amounted to -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-0.4% per year) and Russia (-1.9% per year).

Export Prices by Country

In 2022, the average tomato juice export price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and the UK ($X per ton), while the average price for exports to Latvia ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.6%), while the prices for the other major destinations experienced a decline.

Tomato Juice Imports

Imports into Lithuania

In 2022, imports of tomato juice into Lithuania shrank significantly to X tons, with a decrease of -31.7% compared with 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, tomato juice imports fell remarkably to $X in 2022. Overall, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

Poland (X tons), Latvia (X tons) and Germany (X tons) were the main suppliers of tomato juice imports to Lithuania, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +10.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Latvia ($X) and Germany ($X) were the largest tomato juice suppliers to Lithuania, with a combined 89% share of total imports.

Germany, with a CAGR of +8.4%, 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 mixed trend patterns.

Import Prices by Country

The average tomato juice import price stood at $X per ton in 2022, reducing by -7.3% against the previous year. Over the period under review, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform