The red wine without PDO market in Lithuania has experienced fluctuations over the past decade with notable year-on-year variations. By 2023, the market size was valued at 39.975 million Euros. Key points include:
- A modest growth rate in the early years, with slight declines in the mid-decade.
- A recovery period between 2016 and 2018, followed by consistent declines thereafter.
- A year-on-year decline of 0.39% from 2022 to 2023.
- The compound annual growth rate over the last five years is -0.95%, indicating a slight contraction.
Looking ahead, market trends to watch include potential shifts in consumer preferences towards organic and sustainably produced wines and an increase in competition from international and local producers offering innovative, value-driven products.
How does Lithuania rank in Red Wine without PDO Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,242,800,000 | 2023 | -0.68% | -0.18% | View data |
| 2 | 2 Germany | 2,009,800,000 | 2023 | +4.08% | +4.15% | View data |
| 3 | 3 Portugal | 691,970,000 | 2023 | +5.18% | +4.61% | View data |
| 4 | 4 Sweden | 532,350,000 | 2023 | +1.31% | +2.26% | View data |
| 5 | 5 Denmark | 360,880,000 | 2023 | +0.45% | -0.21% | View data |
| 8 | 8 Bulgaria | 151,720,000 | 2023 | +2.97% | +0.94% | View data |
| 9 | 9 Finland | 151,630,000 | 2023 | -0.52% | +1.44% | View data |
| 10 | 10 Lithuania | 39,975,000 | 2023 | -0.39% | -0.95% | |
