The Lithuanian market for oil-cake resulting from the extraction of soya-bean oil experienced fluctuations over the years with a general stabilizing trend towards 2023, where the market size value was 63.292 Million Euros. Over the past decade, the market witnessed both ups and downs characterized by significant year-on-year variations. Specifically, between 2022 and 2023, there was a slight increase of 0.59%. The compound annual growth rate (CAGR) over the last five years remained relatively low at 0.11%, indicating a stabilized, yet stagnant market.
Future trends to watch for:
- Potential increases in demand due to the growing focus on sustainable and plant-based products.
- Impacts of climate change on soybean production, affecting raw material supply.
- Technological advancements in extraction techniques that could affect production costs and market prices.
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,433,600,000 | 2023 | -0.9% | -0.098% | View data |
| 2 | 2 Italy | 1,118,700,000 | 2023 | -1.97% | -2.03% | View data |
| 3 | 3 United Kingdom | 1,051,100,000 | 2023 | -0.21% | -0.042% | View data |
| 4 | 4 Spain | 1,047,300,000 | 2023 | -1.11% | +1.62% | View data |
| 5 | 5 Denmark | 912,720,000 | 2023 | +1.25% | +1.37% | View data |
| 10 | 10 Croatia | 99,501,000 | 2023 | +0.79% | +0.39% | View data |
| 11 | 11 Bulgaria | 74,373,000 | 2023 | +1.93% | +2.75% | View data |
| 12 | 12 Lithuania | 63,292,000 | 2023 | +0.59% | +0.11% | |
| 13 | 13 Finland | 49,700,000 | 2023 | -5.5% | -3.37% | View data |
