Lithuania: Processed Meat Market 2024

Processed Meat Market Size in Lithuania

After two years of growth, the Lithuanian processed meat market decreased by X% to $X in 2022. In general, consumption saw a abrupt decline. Processed meat consumption peaked at $X in 2021, and then reduced rapidly in the following year.

Processed Meat Production in Lithuania

In value terms, processed meat production dropped markedly to $X in 2022 estimated in export price. In general, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Processed meat production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Processed Meat Exports

Exports from Lithuania

In 2022, overseas shipments of processed meat decreased by X% to X tons, falling for the second year in a row after six years of growth. Over the period under review, exports, however, recorded temperate growth. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, processed meat exports expanded remarkably to $X in 2022. Overall, exports, however, saw pronounced growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for processed meat exports from Lithuania, with a X% share of total exports. Moreover, processed meat exports to Latvia exceeded the volume sent to the second major destination, Denmark (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Latvia ($X) remains the key foreign market for processed meat exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with an X% share of total exports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Poland ($X per ton), while the average price for exports to Sweden ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Lithuania

For the fourth year in a row, Lithuania recorded growth in overseas purchases of processed meat, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, processed meat imports rose sharply to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest processed meat supplier to Lithuania, with a X% share of total imports. Moreover, processed meat imports from Poland exceeded the figures recorded by the second-largest supplier, Latvia (X tons), threefold. The third position in this ranking was taken by Estonia (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2022, the average processed meat import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated resilient growth 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, processed meat import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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 ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform