Lithuania: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Lithuania

The Lithuanian sugary soft drink market expanded rapidly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption saw a strong increase. Sugary soft drink consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Sugary Soft Drink Production in Lithuania

In value terms, sugary soft drink production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Sugary Soft Drink Exports

Exports from Lithuania

After three years of growth, shipments abroad of sugary soft drinks decreased by X% to X litres in 2022. Overall, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X litres, and then shrank in the following year.

In value terms, sugary soft drink exports contracted slightly to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Latvia (X litres), France (X litres) and Estonia (X litres) were the main destinations of sugary soft drink exports from Lithuania, with a combined X% share of total exports. Poland, Belarus, the UK, Germany, Russia, Azerbaijan and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Latvia ($X) and Estonia ($X) constituted the largest markets for sugary soft drink exported from Lithuania worldwide, with a combined X% share of total exports. Belarus, Poland, Russia, the UK, Azerbaijan, Belgium and Germany lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Belarus, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average sugary soft drink export price stood at $X per litre in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per litre), while the average price for exports to Germany ($X per litre) was amongst the lowest.

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

Sugary Soft Drink Imports

Imports into Lithuania

In 2022, after three years of growth, there was significant decline in supplies from abroad of sugary soft drinks, when their volume decreased by X% to X litres. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X litres in 2021, and then declined in the following year.

In value terms, sugary soft drink imports expanded significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Poland (X litres), Latvia (X litres) and Ukraine (X litres) were the main suppliers of sugary soft drink imports to Lithuania, together accounting for X% of total imports. Austria, Estonia, Ireland, Finland, Germany, Serbia, Taiwan (Chinese), Hungary and Belarus lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest sugary soft drink suppliers to Lithuania were Poland ($X), Austria ($X) and Latvia ($X), with a combined X% share of total imports. Ukraine, Ireland, Serbia, Estonia, Germany, Finland, Hungary, Taiwan (Chinese) and Belarus lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, 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 pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Austria ($X per litre), while the price for Latvia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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