From 2013 to 2023, Lithuania's potato market size increased significantly, measured in Million Euros. The market value grew from 21.3 million euros in 2013 to 49.17 million euros in 2023. Recent years showed stability, with a notable growth in 2022 and 2023, where the market expanded by 9.08% and 5.38% year-on-year, respectively. The compound annual growth rate (CAGR) over the last five years was 4.02%, indicating steady expansion.
Future trends to watch for:
- Impact of climate change on crop yields and prices.
- Potential for increased export opportunities in neighboring markets.
- Adoption of technology-driven farming methods to enhance productivity.
- Shifts in consumer preferences towards organic or locally-sourced produce.
How does Lithuania rank in Potatoes Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,097,900,000 | 2023 | +1.66% | +2.31% | View data |
| 2 | 2 Italy | 1,214,900,000 | 2023 | +1.78% | +5.72% | View data |
| 3 | 3 Spain | 677,220,000 | 2023 | +4% | -0.015% | View data |
| 4 | 4 Sweden | 401,070,000 | 2023 | +2.45% | +4.5% | View data |
| 5 | 5 Poland | 357,270,000 | 2023 | +3.75% | +4.45% | View data |
| 13 | 13 Croatia | 71,213,000 | 2023 | +3.1% | +3.72% | View data |
| 14 | 14 Bulgaria | 60,059,000 | 2023 | +3.98% | +3.29% | View data |
| 15 | 15 Lithuania | 49,170,000 | 2023 | +5.38% | +4.02% | |
| 16 | 16 Estonia | 37,796,000 | 2023 | +2.83% | +3.9% | View data |
| 17 | 17 Slovenia | 29,323,000 | 2023 | +2.02% | +1.54% | View data |
