Lithuania: Inedible Fish Products Market 2025

Inedible Fish Products Market Size in Lithuania

The Lithuanian inedible fish products market soared to $X in 2022, increasing by 28% against the previous year. Overall, consumption recorded a remarkable increase. Inedible fish products consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Inedible Fish Products Production in Lithuania

In value terms, inedible fish products production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 115% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Inedible Fish Products Exports

Exports from Lithuania

In 2022, shipments abroad of inedible fish products decreased by -33.4% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 52%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, inedible fish products exports contracted significantly to $X in 2022. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 96%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for inedible fish products exports from Lithuania, accounting for a 67% share of total exports. Moreover, inedible fish products exports to Latvia exceeded the volume sent to the second major destination, Poland (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+30.1% per year) and Denmark (-9.6% per year).

In value terms, Latvia ($X), Poland ($X) and Denmark ($X) constituted the largest markets for inedible fish products exported from Lithuania worldwide, together accounting for 97% of total exports.

Poland, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average inedible fish products export price amounted to $X per ton, surging by 14% against the previous year. In general, export price indicated moderate growth 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, inedible fish products export price increased by +87.7% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Latvia ($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 Denmark (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into Lithuania

Inedible fish products imports into Lithuania declined dramatically to X tons in 2022, reducing by -59.9% against 2021 figures. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, inedible fish products imports contracted sharply to $X in 2022. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 64%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest inedible fish products supplier to Lithuania, with a 57% share of total imports. Moreover, inedible fish products imports from Poland exceeded the figures recorded by the second-largest supplier, Latvia (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (-9.1% per year) and the United States (+133.3% per year).

In value terms, Poland ($X) constituted the largest supplier of inedible fish products to Lithuania, comprising 64% of total imports. The second position in the ranking was taken by Spain ($X), with a 15% share of total imports. It was followed by Latvia, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-17.0% per year) and Latvia (-8.8% per year).

Import Prices by Country

In 2022, the average inedible fish products import price amounted to $X per ton, rising by 47% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the price for the United States ($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 (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform