Lithuania: Wine Market 2024

Wine Market Size in Lithuania

The Lithuanian wine market declined to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a noticeable setback. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Wine Production in Lithuania

In value terms, wine production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Wine production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Wine Exports

Exports from Lithuania

In 2022, overseas shipments of wine and grape must increased by X% to X litres, rising for the third consecutive year after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X litres in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports reduced slightly to $X in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value 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 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Russia (X litres) was the main destination for wine exports from Lithuania, accounting for a X% share of total exports. It was followed by Belarus (X litres), with a X% share of total exports.

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

In value terms, Russia ($X) remains the key foreign market for wine and grape must exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2021, and then dropped in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per litre), while the average price for exports to Russia ($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 Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Lithuania

For the fourth year in a row, Lithuania recorded growth in purchases abroad of wine and grape must, which increased by X% to X litres in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X litres in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wine imports reduced slightly to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value 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, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then declined slightly in the following year.

Imports by Country

Italy (X litres), Spain (X litres) and France (X litres) were the main suppliers of wine imports to Lithuania, with a combined X% share of total imports. Portugal, Germany, Austria and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Spain ($X) constituted the largest wine suppliers to Lithuania, together accounting for X% of total imports. Germany, Portugal, Austria and Hungary lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average wine import price amounted to $X per litre, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per litre in 2021, and then shrank in the following year.

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

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

Source: IndexBox Platform