Lithuania: Cherry Market 2024

Cherry Market Size in Lithuania

In 2022, after two years of decline, there was significant growth in the Lithuanian cherry market, when its value increased by 29% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Cherry Production in Lithuania

In value terms, cherry production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 309% against the previous year. Cherry production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of cherries in Lithuania skyrocketed to X kg per ha in 2022, increasing by 21% compared with 2021. In general, the yield, however, saw a deep downturn. The growth pace was the most rapid in 2016 when the yield increased by 210%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average cherry yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cherry harvested area in Lithuania soared to X ha, surging by 2,360% on 2021 figures. Overall, the harvested area, however, recorded a deep slump. Over the period under review, the harvested area dedicated to cherry production attained the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Cherry Exports

Exports from Lithuania

In 2022, approx. X tons of cherries were exported from Lithuania; declining by -28% on the year before. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2015 when exports increased by 445%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, cherry exports dropped markedly to $X in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 52%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for cherry exports from Lithuania, with a 78% share of total exports. Moreover, cherry exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), sevenfold. The United States (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+156.7% per year) and the United States (0.0% per year).

In value terms, Latvia ($X) remains the key foreign market for cherries exports from Lithuania, comprising 78% of total exports. The second position in the ranking was held by Estonia ($X), with a 13% share of total exports. It was followed by the United States, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia amounted to +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+154.3% per year) and the United States (0.0% per year).

Export Prices by Country

The average cherry export price stood at $X per ton in 2022, which is down by -14.8% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 280%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Russia ($X per ton), while the average price for exports to Belarus ($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 Russia (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into Lithuania

In 2022, approx. X tons of cherries were imported into Lithuania; surging by 6.6% on the year before. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 194%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, cherry imports fell to $X in 2022. Overall, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when imports increased by 76%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Greece (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of cherry imports to Lithuania, together accounting for 86% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +65.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cherry suppliers to Lithuania were Greece ($X), Germany ($X) and Poland ($X), together accounting for 87% of total imports.

Germany, with a CAGR of +59.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cherry import price stood at $X per ton in 2022, declining by -13.7% against the previous year. In general, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 62%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform