Lithuania: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Lithuania

In 2022, after two years of growth, there was significant decline in the Lithuanian tomato ketchup market, when its value decreased by -5.6% to $X. Overall, consumption continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2016 with an increase of 5.2%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tomato Ketchup Production in Lithuania

In value terms, tomato ketchup production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible reduction. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Tomato Ketchup Exports

Exports from Lithuania

In 2022, overseas shipments of tomato ketchup and tomato sauces increased by 10% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, tomato ketchup exports rose markedly to $X in 2022. Overall, exports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for tomato ketchup exports from Lithuania, with a 37% share of total exports. Moreover, tomato ketchup exports to Latvia exceeded the volume sent to the second major destination, Denmark (X tons), fourfold. The third position in this ranking was held by Russia (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+1.8% per year) and Russia (-5.4% per year).

In value terms, Latvia ($X) remains the key foreign market for tomato ketchup and tomato sauces exports from Lithuania, comprising 30% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Estonia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Latvia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+14.3% per year) and Estonia (-15.5% per year).

Export Prices by Country

The average tomato ketchup export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 an increase of 17% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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 Germany ($X per ton), while the average price for exports to Latvia ($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 Estonia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Lithuania

In 2022, supplies from abroad of tomato ketchup and tomato sauces decreased by -14.4% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.8% against 2017 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 34%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato ketchup imports shrank to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 32% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Sweden (X tons), Latvia (X tons) and Poland (X tons) were the main suppliers of tomato ketchup imports to Lithuania, with a combined 64% share of total imports. The Netherlands, Germany, Ukraine, Italy, Portugal, Austria, Spain, Finland, the Czech Republic and Russia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +75.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Sweden ($X) and Poland ($X) constituted the largest tomato ketchup suppliers to Lithuania, with a combined 57% share of total imports. The Netherlands, Germany, Italy, Ukraine, Finland, Spain, Austria, Portugal, the Czech Republic and Russia lagged somewhat behind, together accounting for a further 37%.

Spain, with a CAGR of +76.6%, 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 tomato ketchup import price stood at $X per ton in 2022, rising by 1.8% 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 2021 when the average import price increased by 13%. 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 Italy ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform