Lithuania Food and Drink Report 2014

Lithuania Food and Drink Report 2014

Published: December 2013
Publisher: Business Monitor International (BMI)
Product ref: 189568
Pages: 134
Format: PDF
Delivery: Immediate download

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BMI Industry View Lithuania has finally escaped the most severe economic crisis over the past decade. The post-downturn period will be marked by modest economic expansion, with forecast real GDP growth of 3.4% in 2013 and 3.6% in 2014. Recovering consumer optimism will be mitigated by persisting high unemployment levels and continued government austerity measures. High emigration levels and negative natural population growth will set the country's 3m population on the decline, which will become a fundamental obstacle for food and drink industry expansion over the longer term.

Headline Industry Data (local currency) ¦ Per capita food consumption growth in 2013: +2.68%; compound annual growth rate (CAGR) to 2017: +4.00% ¦ Alcoholic drinks sales value growth in 2013: -0.55%; CAGR to 2017: +4.14% ¦ Total mass grocery retail sales growth in 2013: +1.89%; CAGR to 2017: +6.29%

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Related research categories

By sector: General drinks

By market: Lithuania (in Europe)


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