Lithuania: Powdered Milk Market 2024

Powdered Milk Market Size in Lithuania

After two years of growth, the Lithuanian powdered milk market decreased by -23.1% to $X in 2022. Over the period under review, consumption, however, continues to indicate a strong increase. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted dramatically in the following year.

Powdered Milk Production in Lithuania

In value terms, powdered milk production expanded slightly to $X in 2022 estimated in export price. In general, production saw perceptible growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 104%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Powdered Milk Exports

Exports from Lithuania

In 2022, after two years of decline, there was significant growth in shipments abroad of powdered milk, when their volume increased by 34% to X tons. Over the period under review, exports posted slight growth. The pace of growth appeared the most rapid in 2018 with an increase of 241% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, powdered milk exports surged to $X in 2022. In general, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 171% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for powdered milk exports from Lithuania, accounting for a 27% share of total exports. Moreover, powdered milk exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X tons), twofold. Morocco (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+7.7% per year) and Morocco (+28.0% per year).

In value terms, Poland ($X), the Netherlands ($X) and Algeria ($X) were the largest markets for powdered milk exported from Lithuania worldwide, with a combined 33% share of total exports. Vietnam, Morocco, Germany, Indonesia, Malaysia, Bulgaria, the United Arab Emirates, Romania, Libya and Serbia lagged somewhat behind, together accounting for a further 47%.

Among the main countries of destination, Indonesia, with a CAGR of +60.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average powdered milk export price stood at $X per ton in 2022, jumping by 15% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to the Netherlands ($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 Indonesia (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Lithuania

In 2022, overseas purchases of powdered milk increased by 20% to X tons, rising for the sixth consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, powdered milk imports surged to $X in 2022. In general, imports recorded pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), the Netherlands (X tons) and Norway (X tons) were the main suppliers of powdered milk imports to Lithuania, together accounting for 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +6,228.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) constituted the largest supplier of powdered milk to Lithuania, comprising 36% of total imports. The second position in the ranking was held by Norway ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine stood at +6,994.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+20.4% per year) and the Netherlands (+8.9% per year).

Import Prices by Country

In 2022, the average powdered milk import price amounted to $X per ton, jumping by 21% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk import price increased by +60.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Latvia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform