Sunflower oil and rapeseed oil are set to remain the most popular categories of edible oils in Lithuania forecast period. Although olive oil is becoming more affordable for a wider group of local consumers, the recent high inflation that has swept through Europe is likely to make consumers more interested in more economical categories of edible oils.
Other edible oil remains a small category of edible oils in Lithuania, although sales set to continue rising during the forecast period as these products become more interesting to a wider group of consumers. Many of the products categorised under other edible oil have a healthy profile and this is expected to continue supporting rising demand among a population that is increasingly interested in reducing the negative health impacts of excessive consumption of edible oils.
The high inflation that swept through Europe towards the end of 2021 and throughout 2022 has resulted in substantial growth in the average unit price of edible oils in Lithuania. The forecast period is expected to see much slower unit price growth in the category, with the interruptions that have been cause to supply chains for rapeseed oil and sunflower oil due to the Ukraine conflict expected to have been resolved at some point.
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This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.See All of Our Definitions
This report originates from Passport, our Edible Oils research and analysis database.
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