The Lithuanian frozen sheep meat market has experienced a noticeable decline from 2016 to 2023, with volumes decreasing to 55.28 thousand kilograms in 2023. The market saw fluctuating growth earlier, peaking in 2015. From 2019 onwards, the year-on-year variations consistently showed negative trends, leading to a 5-year negative compounded annual growth rate of -2.46%.
Future trends to watch for:
- Potential market stabilization due to diversification in supply channels.
- Impact of changing consumer preferences towards sustainability and local sourcing.
- Regulatory changes affecting import-export dynamics within the EU.