The Vodka market value in Lithuania has consistently declined from 2013 to 2023, reaching 37.655 million euros. The average annual decrease, or CAGR, over the last five years was -3.42%, indicating a steady downward trend. The last two years evidenced a similar declining pattern with year-on-year contractions of approximately 3.82% in 2022 and 3.93% in 2023.
Future trends to watch for:
- Shifts in consumer preferences, possibly towards lower alcohol consumption or alternative beverages.
- Impact of potential economic changes, such as inflation or changes in consumer purchasing power.
- Regulatory changes affecting alcohol sales and distribution.
How does Lithuania rank in Vodka Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 631,330,000 | 2023 | +0.016% | +0.4% | View data |
| 2 | 2 Germany | 209,890,000 | 2023 | +1.61% | +0.56% | View data |
| 3 | 3 Romania | 82,471,000 | 2023 | +2.02% | -0.057% | View data |
| 4 | 4 Bulgaria | 49,926,000 | 2023 | +1.45% | +3.18% | View data |
| 5 | 5 Czech Republic | 48,955,000 | 2023 | -0.049% | +1.87% | View data |
| 6 | 6 Slovakia | 38,851,000 | 2023 | +1.97% | +2.69% | View data |
| 7 | 7 Lithuania | 37,655,000 | 2023 | -3.93% | -3.42% | |
| 8 | 8 Ireland | 27,161,000 | 2023 | +2.14% | +3.01% | View data |
| 9 | 9 Hungary | 24,341,000 | 2023 | +2.14% | +0.5% | View data |
