Period 2007-2018
Frozen Fruit Market Overview in Lithuania |
Market Overview
In 2018, the Lithuanian frozen fruit market increased by 
% to $, rising for the second year in a row after five years of decline. Overall, consumption continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2011 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2012 to 2018, the growth of the market remained at a somewhat lower figure.
In value terms, frozen fruit production amounted to $ in 2018 estimated in export prices. Over the period under review, the total production indicated a resilient increase from 2007 to 2018: its value decreased at an average annual rate of -% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production increased by +% against 2014 indices. The pace of growth appeared the most rapid in 2011 when the production volume increased by % against the previous year. Lithuania production peaked in 2018 and is expected to retain growth in years to come.
% to $, rising for the second year in a row after five years of decline. Overall, consumption continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2011 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2012 to 2018, the growth of the market remained at a somewhat lower figure.In value terms, frozen fruit production amounted to $
in 2018 estimated in export prices. Over the period under review, the total production indicated a resilient increase from 2007 to 2018: its value decreased at an average annual rate of -% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production increased by +% against 2014 indices. The pace of growth appeared the most rapid in 2011 when the production volume increased by % against the previous year. Lithuania production peaked in 2018 and is expected to retain growth in years to come.Consumption
In 2018, the amount of frozen fruits consumed in Lithuania dropped modestly to tonnes, with a decrease of -% compared with the year before. Over the period under review, consumption recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when the consumption volume increased by % y-o-y. Lithuania consumption peaked at tonnes in 2007; however, from 2008 to 2018, consumption remained at a lower figure.
The value of the frozen fruit market in Lithuania was estimated at $ in 2018, rising 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 showed a perceptible setback. The pace of growth was the most pronounced in 2011 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2012 to 2018, the growth of the market failed to regain the momentum.
tonnes, with a decrease of -% compared with the year before. Over the period under review, consumption recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when the consumption volume increased by % y-o-y. Lithuania consumption peaked at tonnes in 2007; however, from 2008 to 2018, consumption remained at a lower figure.The value of the frozen fruit market in Lithuania was estimated at $
in 2018, rising 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 showed a perceptible setback. The pace of growth was the most pronounced in 2011 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2012 to 2018, the growth of the market failed to regain the momentum.Market Forecast
Driven by rising demand for frozen fruit in Lithuania, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2018 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2018 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Lithuania increased significantly over the last eleven-year period (from % to %).
% to %).Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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