Lithuania: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Lithuania

In 2022, the Lithuanian whole fresh milk market increased by 3.2% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in Lithuania

In value terms, whole fresh milk production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of 31%. Whole fresh milk production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Whole Fresh Milk Exports

Exports from Lithuania

Whole fresh milk exports from Lithuania fell to X tons in 2022, with a decrease of -13.7% on 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 61%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, whole fresh milk exports expanded slightly to $X in 2022. Overall, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 45%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Latvia (X tons) and Germany (X tons) were the main destinations of whole fresh milk exports from Lithuania, together comprising 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +32.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for whole fresh milk exported from Lithuania were Poland ($X), Latvia ($X) and Germany ($X), together comprising 99% of total exports.

Germany, with a CAGR of +22.0%, saw 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 more modest paces of growth.

Export Prices by Country

The average whole fresh milk export price stood at $X per ton in 2022, growing by 20% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, whole fresh milk export price increased by +44.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign 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 Poland (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Fresh Milk Imports

Imports into Lithuania

In 2022, approx. X tons of whole fresh milk were imported into Lithuania; rising by 8% compared with 2021 figures. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, whole fresh milk imports surged to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 67%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Latvia (X tons) constituted the largest supplier of whole fresh milk to Lithuania, accounting for a 68% share of total imports. Moreover, whole fresh 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 stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+1.2% per year) and Poland (+23.2% per year).

In value terms, Latvia ($X) constituted the largest supplier of whole fresh milk to Lithuania, comprising 66% of total imports. The second position in the ranking was taken by Estonia ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Latvia amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+4.1% per year) and Poland (+24.7% per year).

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, picking up by 29% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, whole fresh milk import price increased by +49.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 41% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform