The Lithuanian wine market volume reached 35.202 million liters in 2023, marking a growth trend after previous fluctuations. A year-on-year increase of 2.27% was observed from 2022. Notably, the compound annual growth rate (CAGR) from 2018 to 2023 is modest at 0.58%, reflecting an overall stabilization in the market after earlier declines. Key observations include recovery phases post-2020 and consistent, albeit slight, growth since 2021.
Future trends to watch for:
- Increased consumer interest in premium and organic wines, which could drive volume shifts.
- Impact of economic factors like inflation on wine purchasing behaviors.
- Potential influence of climate change on wine production and import volumes.
How does Lithuania rank in Wine Market Size Volume?
| # | 15 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,301,100,000 | 2023 | +3.17% | +0.078% | View data |
| 2 | 2 Germany | 2,074,400,000 | 2023 | +3.43% | +4.22% | View data |
| 3 | 3 United Kingdom | 1,257,000,000 | 2023 | +0.26% | +0.8% | View data |
| 4 | 4 Portugal | 1,000,600,000 | 2023 | +4.52% | +3.65% | View data |
| 5 | 5 Sweden | 202,840,000 | 2023 | +1.04% | +0.52% | View data |
| 11 | 11 Finland | 76,276,000 | 2023 | +1.31% | -1.15% | View data |
| 12 | 12 Austria | 54,776,000 | 2023 | +0.53% | +0.52% | View data |
| 13 | 13 Lithuania | 35,202,000 | 2023 | +2.27% | +0.58% | |
| 14 | 14 Luxembourg | 18,016,000 | 2023 | +2.14% | +1.86% | View data |
| 15 | 15 Estonia | 17,374,000 | 2023 | +0.64% | +0.83% | View data |
