Lithuania: Dairy Produce Market 2024

Dairy Produce Market Size in Lithuania

For the fourth year in a row, the Lithuanian dairy produce market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Dairy produce consumption peaked in 2022 and is expected to retain growth in the immediate term.

Dairy Produce Production in Lithuania

In value terms, dairy produce production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Dairy Produce Exports

Exports from Lithuania

In 2022, the amount of dairy produce exported from Lithuania shrank modestly to X tons, almost unchanged from the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dairy produce exports soared to $X in 2022. Overall, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons) was the main destination for dairy produce exports from Lithuania, with a X% share of total exports. Moreover, dairy produce exports to Poland exceeded the volume sent to the second major destination, Latvia (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Germany (X% per year).

In value terms, Poland ($X), Italy ($X) and Germany ($X) appeared to be the largest markets for dairy produce exported from Lithuania worldwide, together accounting for X% of total exports.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dairy produce export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy produce export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Latvia ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Produce Imports

Imports into Lithuania

For the seventh consecutive year, Lithuania recorded growth in purchases abroad of dairy produce, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, dairy produce imports surged to $X in 2022. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Latvia (X tons) constituted the largest supplier of dairy produce to Lithuania, accounting for a X% share of total imports. Moreover, dairy produce imports from Latvia exceeded the figures recorded by the second-largest supplier, Estonia (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Latvia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Poland (X% per year).

In value terms, the largest dairy produce suppliers to Lithuania were Latvia ($X), Poland ($X) and Estonia ($X), with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dairy produce import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy produce import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform