The palm oil market in Lithuania reached a volume of 15.85 million kilograms in 2023. Over the past decade, the market has experienced fluctuations with significant growth in 2016 and steady increases since 2019. The market expanded by 3.19% year-on-year from 2022 to 2023, indicating a stable upward trend. The compound annual growth rate over the last five years stands at 5.97%, reflecting consistent market expansion.
Future trends to watch for in the Lithuanian palm oil market include:
- Potential impacts of sustainability and environmental regulations, which may alter import patterns and consumption.
- Technological advancements in alternative oils, influencing consumer preferences.
- Emerging market opportunities within the Baltic region due to regional trade agreements or policy changes.
How does Lithuania rank in Palm Oil Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 740,180,000 | 2023 | -0.025% | -0.8% | View data |
| 2 | 2 United Kingdom | 663,350,000 | 2023 | +2.72% | +2% | View data |
| 3 | 3 Belgium | 563,500,000 | 2023 | +0.72% | +3.39% | View data |
| 4 | 4 Germany | 477,840,000 | 2023 | -4.48% | -2.35% | View data |
| 5 | 5 Sweden | 198,380,000 | 2023 | +4.07% | +4.92% | View data |
| 6 | 6 Denmark | 197,320,000 | 2023 | +5.8% | -0.45% | View data |
| 7 | 7 Lithuania | 15,850,000 | 2023 | +3.19% | +5.97% |
