Frozen Atlantic Halibut Price in Lithuania - 2023

Contents:

1. Frozen Atlantic Halibut Price in Lithuania (CIF) - 2023
2. Frozen Atlantic Halibut Price in Lithuania (FOB) - 2022
3. Frozen Atlantic Halibut Imports in Lithuania
4. Frozen Atlantic Halibut Exports in Lithuania

Frozen Atlantic Halibut Price in Lithuania (CIF) - 2023

The average frozen atlantic halibut import price stood at $7,410 per ton in September 2023, rising by 4.1% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in February 2023 an increase of 21% m-o-m. As a result, import price attained the peak level of $7,532 per ton. From March 2023 to September 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Denmark ($7,956 per ton), while the price for Norway ($6,404 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Atlantic Halibut Price in Lithuania (FOB) - 2022

In 2022, the average frozen atlantic halibut export price amounted to $5,936 per ton, shrinking by -16.5% against the previous year. Over the period under review, the export price saw a perceptible downturn. The growth pace was the most rapid in 2014 when the average export price increased by 10%. Over the period under review, the average export prices hit record highs at $8,591 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($7,023 per ton), while the average price for exports to Ukraine ($2,506 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 Belarus (+87.0%), while the prices for the other major destinations experienced a decline.

Frozen Atlantic Halibut Imports in Lithuania

In 2022, purchases abroad of frozen atlantic halibut decreased by -16.2% to 136 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 133%. As a result, imports attained the peak of 163 tons, and then contracted dramatically in the following year.

In value terms, frozen atlantic halibut imports reduced to $766K in 2022. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 80%. As a result, imports attained the peak of $843K, and then shrank in the following year.

Top Suppliers of Frozen Atlantic Halibut to Lithuania in 2022:

1. Norway (52.8 tons)
2. Denmark (36.7 tons)
3. Sweden (21.0 tons)
4. Latvia (9.8 tons)
5. Poland (9.2 tons)
6. Germany (4.4 tons)
7. Iceland (2.5 tons)

Frozen Atlantic Halibut Exports in Lithuania

In 2022, shipments abroad of frozen atlantic halibut was finally on the rise to reach 55 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen atlantic halibut exports soared to $329K in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Frozen Atlantic Halibut from Lithuania in 2022:

1. Latvia (36.0 tons)
2. Poland (9.1 tons)
3. Estonia (3.9 tons)
4. Netherlands (3.0 tons)
5. Ukraine (2.7 tons)

Source: IndexBox Market Intelligence Platform