Lithuania: Milk Market 2024

Milk Market Size in Lithuania

In 2022, the Lithuanian milk market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a mild curtailment. Milk consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Milk Production in Lithuania

In value terms, milk production fell modestly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. Milk production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Milk Exports

Exports from Lithuania

In 2022, the amount of milk exported from Lithuania contracted to X tons, reducing by X% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, milk exports reached $X in 2022. In general, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Latvia (X tons) and Germany (X tons) were the main destinations of milk exports from Lithuania, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Latvia ($X) and Germany ($X) appeared to be the largest markets for milk exported from Lithuania worldwide, together comprising X% of total exports.

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

Export Prices by Country

The average milk export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milk export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Germany ($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 Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milk Imports

Imports into Lithuania

For the seventh consecutive year, Lithuania recorded growth in supplies from abroad of milk, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, milk imports surged to $X in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Latvia (X tons) constituted the largest supplier of milk to Lithuania, with a X% share of total imports. Moreover, milk imports from Latvia exceeded the figures recorded by the second-largest supplier, Estonia (X tons), threefold.

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

In value terms, Latvia ($X) constituted the largest supplier of milk to Lithuania, comprising X% of total imports. The second position in the ranking was held by Estonia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average milk import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milk import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform