Non-Liquid Margarine Price in Lithuania - 2023

Contents:

1. Non-Liquid Margarine Price in Lithuania (FOB) - 2023
2. Non-Liquid Margarine Price in Lithuania (CIF) - 2023
3. Non-Liquid Margarine Exports in Lithuania
4. Non-Liquid Margarine Imports in Lithuania

Non-Liquid Margarine Price in Lithuania (FOB) - 2023

The average non-liquid margarine export price stood at $1,629 per ton in October 2023, declining by -5.4% against the previous month. In general, the export price showed a noticeable setback. The pace of growth was the most pronounced in December 2022 an increase of 5% against the previous month. The export price peaked at $2,065 per ton in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the Czech Republic ($1,984 per ton), while the average price for exports to Hungary ($1,054 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 Bosnia and Herzegovina (0.0%), while the prices for the other major destinations experienced a decline.

Non-Liquid Margarine Price in Lithuania (CIF) - 2023

In October 2023, the average non-liquid margarine import price amounted to $1,796 per ton, rising by 3.8% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 5.6% against the previous month. Over the period under review, average import prices reached the maximum at $2,095 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 countries with the highest prices were Denmark ($2,441 per ton) and Germany ($2,343 per ton), while the price for Poland ($1,732 per ton) and Slovakia ($1,813 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 Germany (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Non-Liquid Margarine Exports in Lithuania

In 2022, the amount of non-liquid margarine exported from Lithuania fell slightly to 7.2K tons, with a decrease of -3.6% compared with the year before. Overall, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 1.6% against the previous year.

In value terms, non-liquid margarine exports skyrocketed to $12M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Non-Liquid Margarine from Lithuania in 2022:

1. Estonia (2068.9 tons)
2. Latvia (1758.3 tons)
3. Hungary (1081.3 tons)
4. Czech Republic (835.2 tons)
5. Poland (370.9 tons)
6. Finland (182.5 tons)
7. Slovakia (159.4 tons)
8. Belarus (109.7 tons)

Non-Liquid Margarine Imports in Lithuania

In 2022, the amount of non-liquid margarine imported into Lithuania contracted notably to 3K tons, reducing by -33.3% on 2021. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports attained the peak of 4.5K tons, and then declined rapidly in the following year.

In value terms, non-liquid margarine imports reduced modestly to $5.7M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 44%. As a result, imports attained the peak of $5.8M, and then dropped slightly in the following year.

Top Suppliers of Non-Liquid Margarine to Lithuania in 2022:

1. Poland (2109.8 tons)
2. Germany (570.9 tons)
3. Denmark (224.3 tons)
4. Belgium (36.3 tons)
5. Sweden (12.8 tons)
6. Netherlands (7.1 tons)

Source: IndexBox Market Intelligence Platform