The Lithuanian wholesale food preparations market for packings exceeding 2 kg has shown significant growth over the past decade, with the volume reaching 1,209.4 thousand kilograms in 2023. The market experienced steady growth until 2018, followed by fluctuations attributed to external factors. Notably, the compound annual growth rate over the last five years stood at 1.59%, indicating moderate expansion.
Trends over the past two years highlight a stable increase in market volume, with a 4.36% year-on-year growth in 2023, continuing a positive trajectory from 4.61% in 2022. These figures suggest a recovering market post an earlier decline in 2019 and 2020.
Future trends to watch for include potential impacts of global supply chain disruptions, changing consumer preferences towards sustainable packaging, and potential regulatory changes affecting food preparation standards. Monitoring these factors will be crucial for understanding future market dynamics.
How does Lithuania rank in Wholesale Food Preparations in Packings Exceeding 2 kg Market Size Volume?
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 31,171,000 | 2023 | +0.59% | +2.21% | View data |
| 2 | 2 Spain | 17,752,000 | 2023 | +0.25% | +1.33% | View data |
| 3 | 3 Portugal | 2,342,600 | 2023 | +0.73% | -0.63% | View data |
| 4 | 4 Lithuania | 1,209,400 | 2023 | +4.36% | +1.59% | |
| 5 | 5 Estonia | 568,670 | 2023 | +0.68% | -0.42% | View data |
