Lithuania: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Lithuania

After three years of growth, the Lithuanian frozen crustaceans market decreased by X% to $X in 2022. In general, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X, and then declined modestly in the following year.

Frozen Crustaceans Production in Lithuania

In value terms, frozen crustaceans production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by X%. Frozen crustaceans production peaked at $X in 2021, and then dropped in the following year.

Frozen Crustaceans Exports

Exports from Lithuania

After two years of decline, overseas shipments of frozen crustaceans increased by X% to X tons in 2022. Overall, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, frozen crustaceans exports skyrocketed to $X in 2022. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Latvia (X tons), Belarus (X tons) and Estonia (X tons) were the main destinations of frozen crustaceans exports from Lithuania, with a combined X% share of total exports. Ukraine, Germany and Kazakhstan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen crustaceans exported from Lithuania were Latvia ($X), Estonia ($X) and Belarus ($X), with a combined X% share of total exports. Ukraine, Germany and Kazakhstan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average frozen crustaceans export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. 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 somewhat 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 Estonia ($X per ton), while the average price for exports to Germany ($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 Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Lithuania

Frozen crustaceans imports into Lithuania surged to X tons in 2022, jumping by X% compared with the year before. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, frozen crustaceans imports surged to $X in 2022. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Latvia (X tons) were the main suppliers of frozen crustaceans imports to Lithuania, together comprising X% of total imports. Denmark, China, India, Poland, Ecuador, Estonia and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest frozen crustaceans suppliers to Lithuania were Spain ($X), Latvia ($X) and the Netherlands ($X), together accounting for X% of total imports. India, Denmark, China, Ecuador, Poland, Belgium and Estonia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average frozen crustaceans import price amounted to $X per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% 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 failed to regain momentum.

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

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

Source: IndexBox Platform