In 2023, the Lithuanian tea market reached a value of 22.093 million Euros, experiencing a steady increase in market size, particularly over the last two years. The market saw a year-on-year growth of 2.1% in 2023, reflecting a consistent upward trend following a 1.49% rise in 2022. Over the past five years, the Compound Annual Growth Rate (CAGR) averaged at 2.72%, indicating sustained growth. From 2013 to 2023, the market value trend has generally been positive with occasional declines earlier in the decade.
Future trends to watch:
- Increased consumer preference for premium and organic tea variants.
- The growing popularity of herbal and wellness teas driven by health trends.
- Potential impacts of economic conditions on discretionary spending on luxury tea products.
- Exploration of e-commerce channels for wider distribution.
How does Lithuania rank in Tea Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 2,192,900,000,000 | 2023 | +7.39% | +818.99% | View data |
| 2 | 2 United Kingdom | 795,240,000 | 2023 | -2.47% | -0.83% | View data |
| 3 | 3 France | 289,290,000 | 2023 | +3.83% | +3.38% | View data |
| 4 | 4 Germany | 165,930,000 | 2023 | -2.08% | -0.87% | View data |
| 5 | 5 Italy | 100,490,000 | 2023 | -1.46% | +1.33% | View data |
| 7 | 7 Slovakia | 31,988,000 | 2023 | +1.18% | +0.29% | View data |
| 8 | 8 Czech Republic | 31,330,000 | 2023 | +1.58% | +0.88% | View data |
| 9 | 9 Lithuania | 22,093,000 | 2023 | +2.1% | +2.72% | |
| 10 | 10 Finland | 16,170,000 | 2023 | -0.97% | -0.38% | View data |
| 11 | 11 Latvia | 10,025,000 | 2023 | +9.38% | +9.27% | View data |
