The palm oil market in Lithuania saw fluctuating volume per capita from 2013 to 2023. In 2023, it stood at 5.29 kilograms per capita, marking a significant increase from earlier years. Notably, the period from 2013 to 2023 experienced substantial growth, peaking in 2021, followed by a slight decline in 2022, and returning to a near-peak level in 2023. Over the past two years, palm oil consumption averages an increase of about 3% year-on-year. The compound annual growth rate (CAGR) over the last five years shows a consistent yearly average increase of approximately 3.8%.
Future trends to watch for:
- Shifts towards sustainable and ethically sourced palm oil among consumers.
- Potential regulatory impacts on import and consumption due to environmental policies.
- Technological advancements in alternative oils potentially affecting market demand.
- Continued growth driven by the food and biodiesel industries.
How does Lithuania rank in Palm Oil Market Size Volume Per Capita?
| # | 7 Countries | Kilograms Per Capita | Last Year | |
|---|---|---|---|---|
| 1 | 1 Belgium | 49.46 | 2023 | View data |
| 2 | 2 Netherlands | 42.55 | 2023 | View data |
| 3 | 3 Denmark | 34.89 | 2023 | View data |
| 4 | 4 Sweden | 16.61 | 2023 | View data |
| 5 | 5 United Kingdom | 9.89 | 2023 | View data |
| 6 | 6 Germany | 6.37 | 2023 | View data |
| 7 | 7 Lithuania | 5.29 | 2023 |
