In 2023, the Rape, Colza, and Mustard Oil market size in Lithuania reached 37.999 million Euros, showcasing a steady growth pattern. Over the past decade, the market showed resilience with fluctuations and recovery phases. From a low in 2016, the market rebounded showing an impressive year-on-year growth, peaking in 2023.
The average Compound Annual Growth Rate (CAGR) over the last five years was 7.67%. Over the last two years, the year-on-year growth rates were 7.48% in 2022 and 6.89% in 2023, indicating consistent demand and market expansion.
Future trends to watch for:
- Shifts in consumer preferences toward healthier oils as part of lifestyle changes could further bolster market demand.
- Impact of environmental and agricultural policies affecting production efficiency and cost.
- Technological advancements in oil extraction and processing could significantly shape future market dynamics.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 664,930,000 | 2023 | +0.31% | -0.085% | View data |
| 2 | 2 Denmark | 148,510,000 | 2023 | +0.14% | +0.92% | View data |
| 3 | 3 Sweden | 133,960,000 | 2023 | +1.06% | +2.31% | View data |
| 4 | 4 Finland | 83,852,000 | 2023 | +0.44% | +2.17% | View data |
| 5 | 5 Lithuania | 37,999,000 | 2023 | +6.89% | +7.67% |
