The Oil-Cake of Vegetable Fats or Oils market in Lithuania, valued at 98.519 million Euros in 2023, has seen fluctuations over the past decade. After a decline from 2013 to 2016, the market value showed a recovery, peaking in 2019. Between 2021 and 2023, modest growth was observed with year-on-year variations of 1.74% and 1.69%, respectively. The compound annual growth rate for the last five years is 0.76%, indicating steady, albeit slow, growth.
Looking forward, attention should be on factors such as changes in dietary trends, sustainability concerns, and agricultural policies, which can influence demand and supply dynamics in the oil-cake market. Innovations in production and processing technologies might also play a crucial role in shaping market trends. Monitoring these developments will provide insights into potential market expansions or contractions.
How does Lithuania rank in Oil-Cake of Vegetable Fats or Oils Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,111,800,000 | 2023 | +1.39% | +2.31% | View data |
| 2 | 2 Poland | 1,713,500,000 | 2023 | +2.4% | +1.51% | View data |
| 3 | 3 Italy | 1,701,500,000 | 2023 | -0.42% | -0.058% | View data |
| 4 | 4 Spain | 1,650,100,000 | 2023 | +1.17% | +1.89% | View data |
| 5 | 5 Denmark | 1,274,100,000 | 2023 | +2.33% | +2.56% | View data |
| 14 | 14 Greece | 149,730,000 | 2023 | -2.25% | -3.81% | View data |
| 15 | 15 Croatia | 118,360,000 | 2023 | +0.4% | -0.87% | View data |
| 16 | 16 Lithuania | 98,519,000 | 2023 | +1.69% | +0.76% | |
| 17 | 17 Slovenia | 81,500,000 | 2023 | +1.73% | +2.54% | View data |
