The unsweetened cocoa powder market in Lithuania has shown a positive growth trajectory from 2013 to 2023, with fluctuations in annual growth rates. In 2023, market volume reached 988.18 thousand kilograms. Notably, significant growth spikes occurred in 2016 and 2021, with respective year-on-year increases of 16.54% and 21.27%. Conversely, from 2017 to 2020, the market experienced a sequence of declines, returning to growth in subsequent years. The CAGR over the last five years is 2.81%, indicating a gradual overall increase in market volume.
Future trends to watch include the impact of health-conscious consumer trends on unsweetened cocoa demand, potential supply chain improvements, and fluctuating cocoa prices that may influence market dynamics in Lithuania.
How does Lithuania rank in Unsweetened Cocoa Powder Market Size Volume?
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36,533,000 | 2023 | +2.8% | +2.88% | View data |
| 2 | 2 Poland | 29,298,000 | 2023 | +2.78% | +2.04% | View data |
| 3 | 3 Belgium | 21,051,000 | 2023 | +1.8% | +1.66% | View data |
| 4 | 4 Hungary | 7,988,700 | 2023 | +0.83% | -0.39% | View data |
| 5 | 5 Romania | 6,618,500 | 2023 | +1.06% | +0.66% | View data |
| 9 | 9 Denmark | 1,925,800 | 2023 | -2.53% | -1.09% | View data |
| 10 | 10 Croatia | 1,128,300 | 2023 | -1.16% | -2.93% | View data |
| 11 | 11 Lithuania | 988,180 | 2023 | +2.38% | +2.81% | |
| 12 | 12 Finland | 758,820 | 2023 | -2.44% | +3.66% | View data |
