| Product Code: ETC8053768 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Lithuania continued to rely heavily on vegetable oil imports, with Denmark, Poland, Germany, Netherlands, and Sweden emerging as key exporting countries. Despite a decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 10.61%. The Herfindahl-Hirschman Index (HHI) indicated a shift from very high concentration in 2023 to high concentration in 2024, highlighting the competitive landscape within the vegetable oil import market in Lithuania. It will be interesting to monitor how these trends evolve in the coming years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Lithuania Vegetable Oil Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Vegetable Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Vegetable Oil Market - Industry Life Cycle |
3.4 Lithuania Vegetable Oil Market - Porter's Five Forces |
3.5 Lithuania Vegetable Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Lithuania Vegetable Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Lithuania Vegetable Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among consumers leading to a higher demand for healthier cooking oils. |
4.2.2 Growing awareness about the benefits of using vegetable oils over other types of oils. |
4.2.3 Rising disposable income levels in Lithuania, driving the purchasing power of consumers. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of vegetable oils. |
4.3.2 Competition from other types of oils such as olive oil and sunflower oil. |
4.3.3 Regulatory challenges and changing government policies affecting the vegetable oil market. |
5 Lithuania Vegetable Oil Market Trends |
6 Lithuania Vegetable Oil Market, By Types |
6.1 Lithuania Vegetable Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Vegetable Oil Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Lithuania Vegetable Oil Market Revenues & Volume, By Sunflower Oil, 2021- 2031F |
6.1.4 Lithuania Vegetable Oil Market Revenues & Volume, By Rapeseed (Canola) Oil, 2021- 2031F |
6.1.5 Lithuania Vegetable Oil Market Revenues & Volume, By Soybean Oil, 2021- 2031F |
6.2 Lithuania Vegetable Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Vegetable Oil Market Revenues & Volume, By Food, 2021- 2031F |
6.2.3 Lithuania Vegetable Oil Market Revenues & Volume, By Feed, 2021- 2031F |
6.2.4 Lithuania Vegetable Oil Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Lithuania Vegetable Oil Market Import-Export Trade Statistics |
7.1 Lithuania Vegetable Oil Market Export to Major Countries |
7.2 Lithuania Vegetable Oil Market Imports from Major Countries |
8 Lithuania Vegetable Oil Market Key Performance Indicators |
8.1 Consumer preference shifts towards healthier cooking oils. |
8.2 Adoption rate of vegetable oils in cooking and food processing industries. |
8.3 Investment in research and development for enhancing vegetable oil quality and production efficiency. |
9 Lithuania Vegetable Oil Market - Opportunity Assessment |
9.1 Lithuania Vegetable Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Lithuania Vegetable Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Lithuania Vegetable Oil Market - Competitive Landscape |
10.1 Lithuania Vegetable Oil Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Vegetable Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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