Lithuania: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in Lithuania

The Lithuanian fresh pork carcase market amounted to $X in 2022, surging by 5.7% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Fresh Pork Carcase Production in Lithuania

In value terms, fresh pork carcase production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 43%. Fresh pork carcase production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Fresh Pork Carcase Exports

Exports from Lithuania

In 2022, the amount of fresh or chilled carcases of pig meat exported from Lithuania fell markedly to X tons, which is down by -18.5% compared with the previous year. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 363%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh pork carcase exports shrank to $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 152% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for fresh pork carcase exports from Lithuania, with a 72% share of total exports. Moreover, fresh pork carcase exports to Latvia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. The third position in this ranking was taken by Italy (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-37.2% per year) and Italy (-12.1% per year).

In value terms, Latvia ($X) remains the key foreign market for fresh or chilled carcases of pig meat exports from Lithuania, comprising 69% of total exports. The second position in the ranking was taken by Italy ($X), with a 9% share of total exports. It was followed by Ukraine, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Latvia totaled -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-11.9% per year) and Ukraine (-41.2% per year).

Export Prices by Country

The average fresh pork carcase export price stood at $X per ton in 2022, increasing by 18% against the previous year. Overall, the export price, however, showed a slight decline. The most prominent rate of growth was recorded in 2017 an increase of 33%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Poland ($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 Russia (+64.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Pork Carcase Imports

Imports into Lithuania

In 2022, the amount of fresh or chilled carcases of pig meat imported into Lithuania fell remarkably to X tons, with a decrease of -16.1% on the year before. Over the period under review, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2020 when imports increased by 22%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fresh pork carcase imports declined modestly to $X in 2022. Overall, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest fresh pork carcase supplier to Lithuania, with a 35% share of total imports. Moreover, fresh pork carcase imports from Belgium exceeded the figures recorded by the second-largest supplier, Estonia (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+31.2% per year) and Poland (-9.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of fresh or chilled carcases of pig meat to Lithuania, comprising 35% of total imports. The second position in the ranking was taken by Estonia ($X), with a 17% share of total imports. It was followed by Poland, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+28.6% per year) and Poland (-10.0% per year).

Import Prices by Country

In 2022, the average fresh pork carcase import price amounted to $X per ton, increasing by 18% against the previous year. In general, the import price, however, showed a mild decrease. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform