Lithuania: Yoghurt Market 2024

Yoghurt Market Size in Lithuania

The Lithuanian yoghurt market stood at $X in 2022, remaining constant against the previous year. In general, consumption, however, showed significant growth. Yoghurt consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Yoghurt Production in Lithuania

In value terms, yoghurt production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a modest expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 4.4%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Yoghurt Exports

Exports from Lithuania

Yoghurt exports from Lithuania reduced modestly to X tons in 2022, dropping by -2.6% compared with the previous year's figure. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 29% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, yoghurt exports fell slightly to $X in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for yoghurt exports from Lithuania, with a 52% share of total exports. Moreover, yoghurt exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia amounted to -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-0.7% per year) and the UK (+4.9% per year).

In value terms, Latvia ($X) remains the key foreign market for yoghurt exports from Lithuania, comprising 44% of total exports. The second position in the ranking was held by Estonia ($X), with a 15% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Latvia stood at -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-2.3% per year) and the UK (+4.9% per year).

Export Prices by Country

In 2022, the average yoghurt export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($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 (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into Lithuania

In 2022, approx. X tons of yoghurt were imported into Lithuania; shrinking by -5.2% against 2021 figures. Over the period under review, imports saw a noticeable decline. The pace of growth appeared the most rapid in 2016 when imports increased by 18% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, yoghurt imports declined to $X in 2022. In general, imports recorded a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Latvia (X tons) were the main suppliers of yoghurt imports to Lithuania, with a combined 83% share of total imports. Estonia, the Czech Republic and France lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +158.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X) constituted the largest supplier of yoghurt to Lithuania, comprising 47% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Latvia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.2% per year) and Latvia (-7.2% per year).

Import Prices by Country

The average yoghurt import price stood at $X per ton in 2022, shrinking by -1.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform