In 2023, Lithuania's condensed milk market was valued at €12.336 million. Analyzing year-on-year trends, the market displayed minor increases lately, with a 0.23% rise recorded in both 2022 and 2023. Over the past five years, a slight contraction has occurred, evidenced by a CAGR of -1.65%. Significant fluctuations were observed previously, including highs in 2018 and lows in subsequent years.
Future trends to watch for include:
- Potential shifts in consumer preferences toward healthier or alternative dairy products.
- The impact of economic conditions on consumer spending power and purchasing habits.
- Changes in export dynamics affecting local market equilibrium.
How does Lithuania rank in Condensed Milk Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 720,310,000 | 2023 | +2.6% | +4.55% | View data |
| 2 | 2 France | 57,065,000 | 2023 | +1.05% | +0.64% | View data |
| 3 | 3 Italy | 13,748,000 | 2023 | +3.05% | +2.02% | View data |
| 4 | 4 Portugal | 13,179,000 | 2023 | -0.19% | -0.96% | View data |
| 5 | 5 Lithuania | 12,336,000 | 2023 | +0.23% | -1.65% | |
| 6 | 6 Hungary | 8,159,700 | 2023 | +4.91% | +0.61% | View data |
| 7 | 7 Sweden | 4,179,300 | 2023 | -1.24% | -0.07% | View data |
