Frozen Fruit Market Overview in Lithuania
In value terms, frozen fruit production contracted to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a temperate increase from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, production attained the peak level at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
The revenue of the frozen fruit market in Lithuania amounted to $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a mild reduction. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.