Lithuania: Whisky Market 2024

Whisky Market Size in Lithuania

After two years of growth, the Lithuanian whisky market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2022, and then contracted significantly in the following year.

Whisky Production in Lithuania

In value terms, whisky production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Whisky Exports

Exports from Lithuania

In 2023, shipments abroad of whisky increased by X% to X litres, rising for the second year in a row after three years of decline. In general, exports continue to indicate prominent growth. The exports peaked at X litres in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, whisky exports soared to $X in 2023. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X litres) was the main destination for whisky exports from Lithuania, accounting for a X% share of total exports. Moreover, whisky exports to Russia exceeded the volume sent to the second major destination, Ukraine (X litres), twofold. Belarus (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Belarus (X% per year).

In value terms, Russia ($X) remains the key foreign market for whisky exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2023, the average whisky export price amounted to $X per litre, with an increase of X% against the previous year. Overall, the export price saw a strong expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per litre), while the average price for exports to France ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Whisky Imports

Imports into Lithuania

In 2023, supplies from abroad of whisky increased by X% to X litres, rising for the second year in a row after three years of decline. In general, imports saw a modest expansion. Imports peaked at X litres in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, whisky imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, France (X litres) constituted the largest whisky supplier to Lithuania, with a X% share of total imports. Moreover, whisky imports from France exceeded the figures recorded by the second-largest supplier, the UK (X litres), threefold. The Netherlands (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Netherlands (X% per year).

In value terms, France ($X), the Netherlands ($X) and Estonia ($X) constituted the largest whisky suppliers to Lithuania, with a combined X% share of total imports. Ireland, Latvia, the UK, the United States, Spain, the Czech Republic, Slovakia, Italy, Germany and Belgium lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average whisky import price stood at $X per litre in 2023, increasing by X% against the previous year. Overall, the import price saw prominent growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Estonia ($X per litre), while the price for the UK ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform