Lithuania: Spinach Market 2024

Spinach Market Size in Lithuania

The Lithuanian spinach market reduced to $X in 2022, dropping by -6.6% against the previous year. In general, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Spinach Production in Lithuania

In value terms, spinach production reduced to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 434% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then contracted in the following year.

In 2022, the average spinach yield in Lithuania contracted rapidly to X tons per ha, waning by -18.8% against the previous year's figure. In general, the yield, however, saw a prominent increase. The pace of growth appeared the most rapid in 2019 when the yield increased by 310% against the previous year. Over the period under review, the average spinach yield attained the maximum level at X tons per ha in 2021, and then dropped sharply in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of spinach were harvested in Lithuania; rising by 20% against 2021 figures. Overall, the harvested area recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 when the harvested area increased by 77%. Over the period under review, the harvested area dedicated to spinach production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Spinach Exports

Exports from Lithuania

For the fourth year in a row, Lithuania recorded decline in overseas shipments of spinach, which decreased by -95.9% to X tons in 2022. Over the period under review, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2018 with an increase of 347%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, spinach exports declined dramatically to $X in 2022. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2018 with an increase of 253%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X tons) and Italy (X tons) were the main destinations of spinach exports from Lithuania.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +29.9%).

In value terms, Latvia ($X) emerged as the key foreign market for spinach exports from Lithuania, comprising 74% of total exports. The second position in the ranking was taken by Italy ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia stood at -12.8%.

Export Prices by Country

In 2022, the average spinach export price amounted to $X per ton, with an increase of 123% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export 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 Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Spinach Imports

Imports into Lithuania

In 2022, supplies from abroad of spinach decreased by -26.8% to X tons, falling for the fourth year in a row after seven years of growth. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 76%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, spinach imports dropped markedly to $X in 2022. Overall, imports, however, saw notable growth. The most prominent rate of growth was recorded in 2013 with an increase of 53%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of spinach imports to Lithuania, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +49.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spinach suppliers to Lithuania were Italy ($X), Poland ($X) and the Netherlands ($X), with a combined 93% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +42.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spinach import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform