Lithuania: Glucose Market 2024

Glucose Market Size in Lithuania

In 2022, the Lithuanian glucose market decreased by X% to $X, falling for the eighth consecutive year after three years of growth. Over the period under review, consumption continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Glucose Production in Lithuania

In value terms, glucose production stood at less than $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern.

Glucose Exports

Exports from Lithuania

For the ninth consecutive year, Lithuania recorded growth in shipments abroad of glucose and glucose syrup, which increased by X% to X tons in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, glucose exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Finland (X tons), Poland (X tons) and Sweden (X tons) were the main destinations of glucose exports from Lithuania, together accounting for X% of total exports. Estonia, Denmark, Latvia and the Czech Republic lagged somewhat behind, together comprising 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 the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glucose exported from Lithuania were Finland ($X), Poland ($X) and Sweden ($X), together comprising X% of total exports. Estonia, Latvia, Denmark and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average glucose export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a pronounced descent. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Latvia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Finland ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glucose Imports

Imports into Lithuania

After two years of growth, supplies from abroad of glucose and glucose syrup decreased by X% to X tons in 2022. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, glucose imports skyrocketed to $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of glucose to Lithuania, with a X% share of total imports. Moreover, glucose imports from Hungary exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Poland (X% per year).

In value terms, Hungary ($X) constituted the largest supplier of glucose and glucose syrup to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average glucose import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, 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

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