Lithuania: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Lithuania

The Lithuanian butter and dairy spreads market soared to $X in 2022, jumping by 59% against the previous year. Over the period under review, consumption showed buoyant growth. Butter and dairy spreads consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Butter And Dairy Spreads in Lithuania

In value terms, butter and dairy spreads production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Butter And Dairy Spreads

Exports from Lithuania

In 2022, the amount of butter and dairy spreads exported from Lithuania contracted notably to X tons, dropping by -28.3% against the year before. In general, exports saw a perceptible reduction. The growth pace was the most rapid in 2014 with an increase of 70%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, butter and dairy spreads exports rose rapidly to $X in 2022. Over the period under review, exports, however, showed temperate growth. The most prominent rate of growth was recorded in 2016 when exports increased by 56%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for butter and dairy spreads exports from Lithuania, accounting for a 52% share of total exports. Moreover, butter and dairy spreads exports to Saudi Arabia exceeded the volume sent to the second major destination, Latvia (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-8.8% per year) and Poland (+17.6% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for butter and dairy spreads exports from Lithuania, comprising 56% of total exports. The second position in the ranking was held by Latvia ($X), with a 13% share of total exports. It was followed by Poland, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-4.8% per year) and Poland (+15.2% per year).

Export Prices by Country

The average butter and dairy spreads export price stood at $X per ton in 2022, with an increase of 55% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into Lithuania

Butter and dairy spreads imports into Lithuania rose significantly to X tons in 2022, increasing by 11% against 2021 figures. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 68%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, butter and dairy spreads imports skyrocketed to $X in 2022. Over the period under review, imports posted a resilient increase. The growth pace was the most rapid in 2018 with an increase of 69%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest butter and dairy spreads supplier to Lithuania, accounting for a 68% share of total imports. Moreover, butter and dairy spreads imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold. Ukraine (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.0% per year) and Ukraine (+10,121.4% per year).

In value terms, Poland ($X) constituted the largest supplier of butter and dairy spreads to Lithuania, comprising 68% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 9.4% share of total imports. It was followed by Ukraine, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.5% per year) and Ukraine (+8,826.1% per year).

Import Prices by Country

The average butter and dairy spreads import price stood at $X per ton in 2022, jumping by 36% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads import price increased by +66.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 57%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Italy ($X per ton), while the price for Ukraine ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform