Lithuania - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana Price in Lithuania - 2023
Contents:
- Banana Price in Lithuania (CIF) - 2023
- Banana Price in Lithuania (FOB) - 2023
- Banana Imports in Lithuania
- Banana Exports in Lithuania
Banana Price in Lithuania (CIF) - 2023
In October 2023, the average banana import price amounted to $970 per ton, with an increase of 13% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 21% against the previous month. Over the period under review, average import prices hit record highs at $1,112 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Belgium ($1,241 per ton) and Latvia ($1,092 per ton), while the price for Ecuador ($890 per ton) and France ($945 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Latvia (+0.7%), while the prices for the other major suppliers experienced a decline.
Banana Price in Lithuania (FOB) - 2023
The average banana export price stood at $958 per ton in October 2023, increasing by 1.9% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 24% against the previous month. The export price peaked at $1,257 per ton in December 2022; however, from January 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Latvia ($1,060 per ton), while the average price for exports to Poland ($101 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.
Banana Imports in Lithuania
In 2022, purchases abroad of bananas decreased by -16.4% to 41K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. As a result, imports reached the peak of 51K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, banana imports reduced slightly to $35M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, imports reached the peak of $36M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Banana in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 12.1 | 17.4 | 13.7 | 18.7 | 15.6% |
| Latvia | 6.1 | 5.6 | 7.6 | 9.1 | 14.3% |
| France | 2.9 | 0.8 | 2.3 | 1.6 | -18.0% |
| Netherlands | 0.6 | 1.0 | 2.1 | 1.4 | 32.6% |
| Belgium | 1.7 | 1.1 | 0.8 | 1.3 | -8.6% |
| Poland | 6.3 | 7.8 | 7.4 | 1.2 | -42.5% |
| Costa Rica | 1.0 | 1.2 | 0.4 | N/A | -36.8% |
| Others | 1.8 | 1.4 | 1.8 | 1.4 | -8.0% |
| Total | 32.6 | 36.4 | 36.1 | 34.8 | 2.2% |
Top Suppliers of Banana to Lithuania in 2022:
- Ecuador (23.7K tons)
- Latvia (9.6K tons)
- France (2.4K tons)
- Netherlands (1.7K tons)
- Poland (1.2K tons)
- Belgium (1.2K tons)
Banana Exports in Lithuania
In 2022, shipments abroad of bananas decreased by -18.7% to 6.6K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 8.1% against the previous year. As a result, the exports reached the peak of 13K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, banana exports shrank to $5.8M in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 6.6% against the previous year. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Banana in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 8.0 | 7.8 | 5.8 | 5.5 | -11.7% |
| Estonia | 0.9 | 1.6 | 0.2 | 0.1 | -51.9% |
| Poland | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Romania | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Others | 0.1 | 0.5 | 0.4 | 0.1 | 0.0% |
| Total | 9.5 | 10.1 | 6.5 | 5.8 | -15.2% |
Top Export Markets for Banana from Lithuania in 2022:
- Latvia (6.2K tons)
- Poland (0.2K tons)
- Estonia (0.1K tons)
This report provides an in-depth analysis of the banana market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 486 - Bananas
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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