The Lithuanian spirits market, expressed in value terms, stood at 159.73 million euros in 2023. Over the past decade, it experienced fluctuations with an overall decline from 2013 to 2018, reaching its lowest in 2018. A notable recovery was seen from 2019 onwards, with a positive shift led by a 10% increase in 2019. The last two years showed modest growth rates of 0.66% and 0.7%. The five-year CAGR leading to 2023 was 4.64%, suggesting a recovery phase.
Future trends to watch in the Lithuanian spirits market include:
- Continued recovery as consumer preferences shift towards premium and craft spirits.
- Potential regulatory impacts on alcohol consumption that may alter market dynamics.
- Influence of economic factors and disposable income levels on consumer spending.
How does Lithuania rank in Spirits Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 1,930,900,000 | 2023 | +3.99% | +6.47% | View data |
| 2 | 2 Italy | 1,680,900,000 | 2023 | -0.88% | +3.38% | View data |
| 3 | 3 Spain | 1,680,400,000 | 2023 | -0.65% | -0.75% | View data |
| 4 | 4 Germany | 838,740,000 | 2023 | +0.88% | -0.15% | View data |
| 5 | 5 Czech Republic | 403,960,000 | 2023 | +3.78% | +2.72% | View data |
| 11 | 11 Portugal | 209,980,000 | 2023 | +2.44% | -1.5% | View data |
| 12 | 12 Slovakia | 197,550,000 | 2023 | +2.82% | +3.16% | View data |
| 13 | 13 Lithuania | 159,730,000 | 2023 | +0.7% | +4.64% | |
| 14 | 14 Denmark | 157,100,000 | 2023 | +1.35% | +0.3% | View data |
| 15 | 15 Croatia | 115,010,000 | 2023 | +4.29% | +0.52% | View data |
