The Lithuanian seafood market volume experienced fluctuations from 2013 to 2023, with the latest volume in 2023 reaching 146.96 million kilograms. Over the last two years, the market saw a moderate increase with a year-on-year growth of 1.15% in 2023, following a stronger rise in 2022. The five-year compound annual growth rate (CAGR) stood at 1.31%, indicating a steady recovery after a significant drop in 2020. Overall, the market showcases resilience with recent upward trends following past fluctuations.
Future trends to watch in Lithuania's seafood market include the potential impacts of economic policies, changes in consumer preferences towards sustainable seafood, and the influence of global supply chain dynamics. Additionally, advancements in aquaculture and technology-driven operational efficiencies might drive market growth forward.
How does Lithuania rank in Seafood Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,039,200,000 | 2023 | -1.62% | +1.65% | View data |
| 2 | 2 Denmark | 695,410,000 | 2023 | -0.31% | -0.19% | View data |
| 3 | 3 Italy | 659,090,000 | 2023 | +0.46% | -1.71% | View data |
| 4 | 4 France | 601,260,000 | 2023 | -1.93% | +0.22% | View data |
| 5 | 5 United Kingdom | 535,230,000 | 2023 | -1.1% | -0.87% | View data |
| 6 | 6 Germany | 513,850,000 | 2023 | -4.65% | -4.42% | View data |
| 7 | 7 Portugal | 341,370,000 | 2023 | -1.25% | -2.53% | View data |
| 8 | 8 Lithuania | 146,960,000 | 2023 | +1.15% | +1.31% | |
| 9 | 9 Greece | 139,910,000 | 2023 | -2.42% | +0.95% | View data |
| 10 | 10 Belgium | 101,370,000 | 2023 | -0.8% | -0.46% | View data |
