Lithuania: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Lithuania

The Lithuanian crabs, not frozen market stood at less than $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, saw a sharp decline. The pace of growth was the most pronounced in 2014 when the market value decreased by -26.8% against the previous year. Crabs, not frozen consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crabs, Not Frozen Production in Lithuania

In value terms, crabs, not frozen production stood at less than $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with a decrease of 99.9%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Crabs, Not Frozen Exports

Exports from Lithuania

In 2014, the amount of crabs, not frozen exported from Lithuania fell remarkably to X kg, which is down by -84% against the previous year. In general, exports continue to indicate a sharp slump. The smallest decline of -30.8% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2014, the exports failed to regain momentum.

In value terms, crabs, not frozen exports declined rapidly to $X in 2014. Over the period under review, exports saw a dramatic curtailment. The smallest decline of -37.5% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2014, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X kg), Slovakia (X kg) and the UK (X kg) were the main destinations of crabs, not frozen exports from Lithuania.

From 2012 to 2014, the biggest increases were recorded for Slovakia (with a CAGR of +220.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Latvia ($X) remains the key foreign market for crabs, not frozen exports from Lithuania, comprising 68% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 30% share of total exports.

From 2012 to 2014, the average annual growth rate of value to Latvia amounted to -68.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+525.7% per year) and the UK (0.0% per year).

Export Prices by Country

The average crabs, not frozen export price stood at $X per ton in 2014, growing by 43% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2014: its price increased at an average annual rate of +13.5% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2014, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+95.0%).

Crabs, Not Frozen Imports

Imports into Lithuania

In 2016, the amount of crabs, not frozen imported into Lithuania declined remarkably to X tons, waning by -50.3% against the year before. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 327%. Over the period under review, imports attained the maximum at X tons in 2015, and then contracted significantly in the following year.

In value terms, crabs, not frozen imports shrank significantly to $X in 2016. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 146% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015, and then contracted sharply in the following year.

Imports by Country

In 2016, the UK (X tons) constituted the largest crabs, not frozen supplier to Lithuania, accounting for a 85% share of total imports. Moreover, crabs, not frozen imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), more than tenfold. The third position in this ranking was held by Sweden (X kg), with a 3.8% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from the UK totaled +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.0% per year) and Sweden (-8.7% per year).

In value terms, the UK ($X) constituted the largest supplier of crabs, not frozen to Lithuania, comprising 58% of total imports. The second position in the ranking was held by Sweden ($X), with a 19% share of total imports. It was followed by Germany, with a 9.6% share.

From 2012 to 2016, the average annual growth rate of value from the UK stood at +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+33.3% per year) and Germany (+52.3% per year).

Import Prices by Country

In 2016, the average crabs, not frozen import price amounted to $X per ton, with an increase of 40% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2016, import prices remained at a lower figure.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Sweden (+46.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform