The retail industry was estimated to account for the largest share of the advertising expenditure in the Baltics in 2023, at 21.5 percent. Furthermore, fast-moving consumer goods (FMCG) advertisers spent the second most significant budget, at 17.5 percent of the total.
Distribution of advertising spending in the Baltics in 2023, by industry
Data provided by Statista Market Insights are estimates.
Definition:Â Advertising spending refers to expenses for promotional strategies with which brands or businesses purchase advertising space to promote products or services. The primary purposes of advertising include creating awareness, generating interest, and persuading consumers to take a particular action such as purchasing a product, visiting a website, or supporting brands. Advertisers use advertising to reach their target audience while media companies and advertising agencies use it as a source of income.
Structure: The advertising spending consists of two main channels (traditional advertising and digital advertising). Traditional Advertising refers to above-the-line media that delivers commercial messages to broad audiences. This includes mass media such as traditional TV, traditional radio, printed newspapers, printed magazines, and traditional out-of-home (OOH) advertising formats. Digital Advertising uses the internet to deliver marketing messages to internet users in various forms. This includes digital video, search engine, social media, digital out-of-home, digital banner, digital audio, digital classifieds, and influencer advertising.
Additional information: The market comprises advertising spending, share by advertising channel, users, average revenue per user, advertising share by industry, ad spending by medium, and digital ad spending share (programmatic and non-programmatic). The market only displays B2B spending and users for the above-mentioned channels. Figures are based on advertising spending and exclude agency commissions, rebates, production costs, and taxes. Additional definitions for each market can be found on the respective pages. For more information on the data displayed, use the info button right next to the boxes.
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Statista. (October 31, 2023). Distribution of advertising spending in the Baltics in 2023, by industry [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1446770/advertising-spending-share-by-industry-baltics/
Statista. "Distribution of advertising spending in the Baltics in 2023, by industry." Chart. October 31, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1446770/advertising-spending-share-by-industry-baltics/
Statista. (2023). Distribution of advertising spending in the Baltics in 2023, by industry. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1446770/advertising-spending-share-by-industry-baltics/
Statista. "Distribution of Advertising Spending in The Baltics in 2023, by Industry." Statista, Statista Inc., 31 Oct 2023, https://www.statista.com/statistics/1446770/advertising-spending-share-by-industry-baltics/
Statista, Distribution of advertising spending in the Baltics in 2023, by industry Statista, https://www.statista.com/statistics/1446770/advertising-spending-share-by-industry-baltics/ (last visited December 22, 2024)
Distribution of advertising spending in the Baltics in 2023, by industry [Graph], Statista, October 31, 2023. [Online]. Available: https://www.statista.com/statistics/1446770/advertising-spending-share-by-industry-baltics/