Lithuania: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Lithuania

In 2022, the Lithuanian market for frozen pig meat other than cuts or carcases increased by 9.8% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a noticeable reduction. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Lithuania

In value terms, production of frozen pig meat other than cuts or carcases expanded sharply to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Lithuania

In 2022, exports of frozen pig meat other than cuts or carcases from Lithuania stood at X tons, with an increase of 14% against the previous year. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 94% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of frozen pig meat other than cuts or carcases skyrocketed to $X in 2022. Over the period under review, exports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 115% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Lithuania, with a 37% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to Latvia exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by Estonia (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+43.1% per year) and Estonia (+15.3% per year).

In value terms, Latvia ($X) remains the key foreign market for frozen pig meat other than cuts or carcases exports from Lithuania, comprising 44% of total exports. The second position in the ranking was held by Estonia ($X), with a 21% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+12.6% per year) and Poland (+32.7% per year).

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, increasing by 20% against the previous year. In general, the export price, however, recorded a perceptible setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to the Netherlands ($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 Russia (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Lithuania

Imports of frozen pig meat other than cuts or carcases into Lithuania was estimated at X tons in 2022, picking up by 5.9% on the previous year. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 38% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of frozen pig meat other than cuts or carcases skyrocketed to $X in 2022. Over the period under review, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 54%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Lithuania, with a combined 63% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Spain ($X) constituted the largest frozen pig meat other than cuts or carcases suppliers to Lithuania, with a combined 59% share of total imports.

Spain, with a CAGR of +21.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 import price for frozen pig meat other than cuts or carcases amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2017 an increase of 14% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform