The Lithuanian beer market demonstrated a fluctuating trend over the past decade. From 2013 to 2023, the market size value grew from 311.92 to 350.88 million euros. There were notable variations, with a significant decline in 2020 by 23.1% due to likely external factors. However, the market recovered, with a strong rebound in 2022 and continued growth in 2023. The five-year CAGR stood at 1.49% by 2023, indicating steady growth post-2020 disruption.
Future trends to watch for:
- Emergence of craft beer segments as consumer tastes evolve.
- Impact of economic factors such as inflation on consumers’ purchasing power.
- Expansion of export opportunities could further enhance market value.
How does Lithuania rank in Beer Market Size Value?
| # | 20 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,281,600,000 | 2023 | +0.19% | -0.56% | View data |
| 2 | 2 Spain | 6,450,900,000 | 2023 | +1.75% | +0.85% | View data |
| 3 | 3 United Kingdom | 5,969,700,000 | 2023 | -0.52% | +0.47% | View data |
| 4 | 4 Italy | 4,107,400,000 | 2023 | +1.29% | +0.24% | View data |
| 5 | 5 Poland | 2,841,700,000 | 2023 | -2.18% | -0.87% | View data |
| 15 | 15 Finland | 395,130,000 | 2023 | -3.2% | -0.87% | View data |
| 16 | 16 Bulgaria | 358,720,000 | 2023 | +0.64% | +0.62% | View data |
| 17 | 17 Lithuania | 350,880,000 | 2023 | +6.45% | +1.49% | |
| 18 | 18 Slovakia | 305,920,000 | 2023 | +0.88% | -0.68% | View data |
| 19 | 19 Latvia | 123,100,000 | 2023 | +0.13% | -0.9% | View data |
