Lithuania: Gateway for Spanish olive oil to the Baltic, Nordic countries, Eastern and Central Europe

Published 2022년 11월 15일

Tridge summary

Lithuania, a small European country with a population of 2.79 million, has a stable and high olive oil consumption despite the absence of a traditional use of the oil. The country relies heavily on imports to meet its demand, with southern European countries like Italy, Spain, and Greece being its main suppliers. The average price of olive oil in Lithuania ranges from 5 to 25 euros per liter, and consumers prioritize quality and price when making purchasing decisions. Due to its location, Lithuania serves as a hub for international trade, particularly for the olive oil sector, reaching more countries in the Baltic, Nordic, Eastern, and Central European regions. However, the industry faces challenges such as maintaining product quality and dealing with issues of adulteration. The growing income per capita in Lithuania is expected to further boost the market for quality olive oil and gourmet products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Lithuania is a market characterized by its small size and moderate population density, with an area of 65,286 km2 and a population of 2,795,000, mainly urban. The most inhabited regions are the capital Vilnius, Kaunas, Klaipėda and Šiauliai. In 2021, nominal GDP was 55,383 million euros, and GDP per capita, which in the last decade has registered one of the highest growth rates in the EU, reached 19,760 euros. The olive oil market in Lithuania is a small market, since the population of the country does not reach 3 million inhabitants. The local production of olive oil is non-existent. The local production data is for small quantities packaged in the Klaipėda region, according to the market report prepared by the Economic and Commercial Office of the Spanish Embassy in Vilnius. Consumption Despite not having a culinary tradition marked by olive oil, oil consumption by Lithuanians, beyond the effects on consumption habits caused by the pandemic, is high and stable. This consumption ...

Source: Oleorevista