The Brandy and Cognac market in Lithuania has shown a declining trend from 2013 to 2023, with the market size reducing from 41.103 million euros in 2013 to 26.854 million euros in 2023. Over the last decade, the market experienced several contractions year-on-year, including a noticeable drop in 2022 (-7%). The average yearly decline over the last five years indicates a negative compound annual growth rate (CAGR) of -2.38%. This decrease highlights a consistent downturn in market demand.
Future trends to watch for include potentially stabilizing demand levels, driven by changing consumer preferences, new brand innovations, marketing strategies, and potential market entries. Additionally, economic factors, policy changes, and shifts in consumer demographics may also influence future market performance in Lithuania.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 172,250,000 | 2023 | -3.53% | -3.24% | View data |
| 2 | 2 United Kingdom | 132,350,000 | 2023 | -1.42% | -2.1% | View data |
| 3 | 3 Portugal | 67,415,000 | 2023 | +1.1% | -2.82% | View data |
| 4 | 4 Bulgaria | 64,515,000 | 2023 | +2.87% | +2.63% | View data |
| 5 | 5 Greece | 35,028,000 | 2023 | +2.1% | +2.81% | View data |
| 6 | 6 Lithuania | 26,854,000 | 2023 | -3.38% | -2.38% | |
| 7 | 7 Finland | 25,792,000 | 2023 | -6.11% | -4.33% | View data |
| 8 | 8 Sweden | 11,320,000 | 2023 | +1.69% | +0.97% | View data |
