Lithuania: Bread And Bakery Market 2024

Bread And Bakery Market Size in Lithuania

In 2023, the Lithuanian bread and bakery market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Bread And Bakery Production in Lithuania

In value terms, bread and bakery production declined to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. As a result, production reached the peak level of $X, and then dropped in the following year.

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Bread And Bakery Exports

Exports from Lithuania

In 2023, shipments abroad of bread and bakery increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, bread and bakery exports soared to $X in 2023. Overall, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X tons) was the main destination for bread and bakery exports from Lithuania, accounting for a X% share of total exports. Moreover, bread and bakery exports to Latvia exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by Estonia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Estonia (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the average bread and bakery export price amounted to $X per ton, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Bread And Bakery Imports

Imports into Lithuania

After two years of growth, purchases abroad of bread and bakery decreased by X% to X tons in 2023. Overall, total imports indicated a strong expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2014 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2022, and then reduced slightly in the following year.

In value terms, bread and bakery imports soared to $X in 2023. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the near future.

Imports by Country

Latvia (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of bread and bakery imports to Lithuania, together accounting for X% of total imports. Estonia, Ukraine, France, the Netherlands, Spain, the Czech Republic, Belgium and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery suppliers to Lithuania were Poland ($X), Latvia ($X) and Germany ($X), with a combined X% share of total imports. Estonia, Ukraine, Belgium, Italy, France, the Netherlands, Spain and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform