Lithuania - Caramel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaramel Price in Lithuania - 2023
Contents:
- Caramel Price in Lithuania (CIF) - 2023
- Caramel Price in Lithuania (FOB) - 2023
- Caramel Imports in Lithuania
- Caramel Exports in Lithuania
Caramel Price in Lithuania (CIF) - 2023
The average caramel import price stood at $1,240 per ton in September 2023, growing by 3.7% against the previous month. In general, the import price saw a perceptible increase. The pace of growth was the most pronounced in March 2023 when the average import price increased by 48% m-o-m. As a result, import price reached the peak level of $2,157 per ton. From April 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($6,729 per ton), while the price for Latvia ($698 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Caramel Price in Lithuania (FOB) - 2023
The average caramel export price stood at $2,450 per ton in September 2023, approximately reflecting the previous month. In general, export price indicated a perceptible expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, caramel export price decreased by -19.4% against July 2023 indices. The pace of growth was the most pronounced in July 2023 when the average export price increased by 60% against the previous month. The export price peaked at $4,014 per ton in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($11,206 per ton), while the average price for exports to Poland ($1,260 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Caramel Imports in Lithuania
In 2022, imports of caramel into Lithuania fell modestly to 3.9K tons, reducing by -1.9% on the previous year's figure. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of 4K tons, and then reduced slightly in the following year.
In value terms, caramel imports expanded sharply to $3.3M in 2022. The total import value increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Caramel in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 367 | 550 | 653 | 647 | 20.8% |
| Netherlands | 365 | 409 | 630 | 524 | 12.8% |
| Sweden | 455 | 267 | 343 | 449 | -0.4% |
| Denmark | 61.7 | 191 | 244 | 396 | 85.8% |
| Germany | 327 | 323 | 277 | 299 | -2.9% |
| Slovakia | 122 | 188 | 269 | 246 | 26.3% |
| Finland | 99.6 | 156 | 165 | 175 | 20.7% |
| Poland | 299 | 218 | 197 | 126 | -25.0% |
| Others | 447 | 316 | 334 | 442 | -0.4% |
| Total | 2,543 | 2,617 | 3,112 | 3,305 | 9.1% |
Top Suppliers of Caramel to Lithuania in 2022:
- Latvia (1780.0 tons)
- Sweden (708.4 tons)
- Denmark (315.7 tons)
- Finland (240.5 tons)
- Slovakia (228.6 tons)
- Germany (183.9 tons)
- Netherlands (175.1 tons)
- Poland (81.2 tons)
Caramel Exports in Lithuania
In 2022, approx. 674 tons of caramel were exported from Lithuania; with a decrease of -42.9% against the year before. Overall, exports recorded a significant curtailment. The smallest decline of -2.5% was in 2021.
In value terms, caramel exports reduced to $1.3M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.3% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. As a result, the exports reached the peak of $1.5M, and then fell in the following year.
| Export of Caramel in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 452 | 449 | 544 | 476 | 1.7% |
| Russia | 199 | 227 | 265 | 445 | 30.8% |
| Belarus | 55.1 | 124 | 293 | 136 | 35.1% |
| Estonia | 65.4 | 44.0 | 60.5 | 48.9 | -9.2% |
| Poland | 4.4 | 2.1 | 1.9 | 41.8 | 111.8% |
| Kazakhstan | 15.2 | 21.2 | 30.8 | 27.6 | 22.0% |
| Others | 73.9 | 106 | 287 | 98.6 | 10.1% |
| Total | 865 | 973 | 1,482 | 1,274 | 13.8% |
Top Export Markets for Caramel from Lithuania in 2022:
- Latvia (487.2 tons)
- Belarus (58.5 tons)
- Russia (54.0 tons)
- Poland (25.1 tons)
- Kazakhstan (17.5 tons)
- Estonia (14.6 tons)
This report provides an in-depth analysis of the caramel market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10891910 - Caramel
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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