Lithuania: Rice Market 2020

Rice Exports

Exports from Lithuania

In 2018, the amount of rice exported from Lithuania totaled X tons, increasing by X% against the previous year. Overall, rice exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. In that year, rice exports reached their peak of X tons. From 2017 to 2018, the growth of rice exports failed to regain its momentum.

In value terms, rice exports totaled $X in 2018. Overall, the total exports indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, rice exports increased by +X% against 2014 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, rice exports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Latvia (X tons), Poland (X tons) and Estonia (X tons) were the main destinations of rice exports from Lithuania, with a combined X% share of total exports. These countries were followed by Slovakia and Germany, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Slovakia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Latvia ($X) and Estonia ($X) constituted the largest markets for rice exported from Lithuania worldwide, with a combined X% share of total exports. These countries were followed by Slovakia and Germany, which together accounted for a further X (+X% per year) experienced the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average rice export price amounted to $X per ton, picking up by X% against the previous year. In general, the rice export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. In that year, the average export prices for rice reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average export prices for rice failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Lithuania

In 2018, the amount of rice imported into Lithuania totaled X tons, rising by X% against the previous year. In general, rice imports continue to indicate a moderate expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. In that year, rice imports reached their peak of X tons. From 2014 to 2018, the growth of rice imports remained at a somewhat lower figure.

In value terms, rice imports totaled $X in 2018. In general, rice imports continue to indicate pronounced growth. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. In that year, rice imports reached their peak of $X. From 2014 to 2018, the growth of rice imports failed to regain its momentum.

Imports by Country

In 2018, Pakistan (X tons) constituted the largest rice supplier to Lithuania, with a X% share of total imports. Moreover, rice imports from Pakistan exceeded the figures recorded by the second-largest supplier, Cambodia (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Pakistan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (-X% per year) and Vietnam (+X% per year).

In value terms, Pakistan ($X) constituted the largest supplier of rice to Lithuania, comprising X% of total rice imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Pakistan totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average rice import price stood at $X per ton in 2018, increasing by X% against the previous year. Overall, the rice import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. Over the period under review, the average import prices for rice reached their maximum at $X per ton in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform