In 2023, the wholesale market for chocolate and food preparations in packings exceeding 2 Kg in Lithuania was valued at 47.892 million euros. This market has shown significant growth over the past decade, with fluctuations but mainly upward trends. Notably, between 2019 and 2020, the market experienced a substantial increase of 23.66%, reflecting the highest year-on-year growth in recent years. Despite a small decline in 2021, the market rebounded, achieving a 4.94% increase in 2023. The compound annual growth rate (CAGR) over the last five years stands at 9.07%, highlighting robust expansion.
Future trends to watch for include:
- Increasing demand for premium and organic chocolate products.
- Potential impacts of health consciousness and sustainability on consumer preferences.
- Growth opportunities through e-commerce and export markets.
How does Lithuania rank in Wholesale Chocolate and Food Preparations in Packings Exceeding 2 Kg Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,238,900,000 | 2023 | +3.32% | +4.51% | View data |
| 2 | 2 Germany | 817,670,000 | 2023 | +4.07% | +0.21% | View data |
| 3 | 3 Spain | 389,780,000 | 2023 | +5.47% | +5.51% | View data |
| 4 | 4 Greece | 54,842,000 | 2023 | +6.25% | +1.42% | View data |
| 5 | 5 Lithuania | 47,892,000 | 2023 | +4.94% | +9.07% | |
| 6 | 6 Austria | 44,227,000 | 2023 | +4.13% | +5.26% | View data |
| 7 | 7 Czech Republic | 35,317,000 | 2023 | +2.25% | +3.33% | View data |
