Lithuania: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Lithuania

For the third year in a row, the Lithuanian market for candies, sweets, and nonchocolate confectionery recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in Lithuania

In value terms, candy, sweets, and nonchocolate confectionery production dropped significantly to $X in 2022 estimated in export price. Overall, production showed a pronounced decrease. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Lithuania

In 2022, shipments abroad of candies, sweets, and nonchocolate confectionery increased by X% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports reached $X in 2022. In general, total exports indicated a remarkable increase 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 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Latvia (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Lithuania, with a combined X% share of total exports. Poland, Estonia, Russia, Morocco, Germany, Kazakhstan, Norway, Sweden, the Czech Republic and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), the UK ($X) and Russia ($X) appeared to be the largest markets for candy, sweets, and nonchocolate confectionery exported from Lithuania worldwide, together comprising X% of total exports. Estonia, Poland, Norway, the Netherlands, Kazakhstan, Germany, Morocco, the Czech Republic, Sweden and Romania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Norway, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

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

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Lithuania

After two years of decline, overseas purchases of candies, sweets, and nonchocolate confectionery increased by X% to X tons in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery imports expanded sharply to $X in 2022. In general, total imports indicated a strong increase 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. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Ukraine (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Lithuania, with a combined X% share of total imports. Latvia, Spain, the Czech Republic, Luxembourg, China, Belgium, Italy, Turkey and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, Poland ($X), Ukraine ($X) and Germany ($X) constituted the largest candy, sweets, and nonchocolate confectionery suppliers to Lithuania, with a combined X% share of total imports. Latvia, Spain, Luxembourg, Belgium, the Czech Republic, China, Italy, Turkey and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Luxembourg, with a CAGR of X%, recorded the highest growth rate of 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 import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Belgium ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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