Frozen Fruit Market Overview in Lithuania
Market Overview
The Lithuanian frozen fruit market expanded sharply to $
in 2019, 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, however, recorded a slight descent. 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 failed to regain the momentum.
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.
in 2019, 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, however, recorded a slight descent. 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 failed to regain the momentum.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.Consumption
After two years of decline, consumption of frozen fruits increased by % to tonnes in 2019. Overall, consumption, however, saw a slight shrinkage. Frozen fruit consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
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.
% to tonnes in 2019. Overall, consumption, however, saw a slight shrinkage. Frozen fruit consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.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.Market Forecast
Depressed by shrinking demand for frozen fruit in Lithuania, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress 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 twelve-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.
Download XLSX
Download all the data in the form of a report