Key Market Indicators
Lithuanian Spirits Production is projected to reach €90 million by 2028, up from €82 million in 2023, marking an average annual growth rate of 1.4%. Since 2014, the country's supply has increased by 2.7% annually. In 2023, Lithuania ranked 16th in spirits production, with Belgium taking the lead at €82 million. France, Italy, and Poland followed as the second, third, and fourth largest producers, respectively. Lithuanian Spirits Sales are expected to hit €96 million by 2028, rising from €86 million in 2023 at an average annual growth rate of 1.6%. Since 2014, the market has expanded by 3.3% per year. In 2023, Lithuania was ranked 17th in spirits sales, with Belgium ahead at €86 million. France, Poland, and Italy ranked second, third, and fourth, respectively. Spirits Consumption in Lithuania is set to reach €165 million by 2028, up from €160 million in 2023, with a compound annual growth rate (CAGR) of 0.5%. Demand has increased by 4.6% annually since 2014. Italy, Spain, and Germany were the second, third, and fourth largest consumers, respectively.
