Preserved Frozen Potato Price in Lithuania - 2023
Contents:
- Preserved Frozen Potato Price in Lithuania (CIF) - 2023
- Preserved Frozen Potato Price in Lithuania (FOB) - 2023
- Preserved Frozen Potato Imports in Lithuania
- Preserved Frozen Potato Exports in Lithuania
Preserved Frozen Potato Price in Lithuania (CIF) - 2023
In October 2023, the average preserved frozen potato import price amounted to $1,582 per ton, approximately equating the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in January 2023 an increase of 16% m-o-m. The import price peaked in October 2023.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Latvia ($1,838 per ton) and Poland ($1,655 per ton), while the price for Germany ($1,238 per ton) and the Netherlands ($1,333 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 Poland (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Frozen Potato Price in Lithuania (FOB) - 2023
In October 2023, the average preserved frozen potato export price amounted to $1,417 per ton, waning by -2.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in January 2023 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,572 per ton in March 2023; however, from April 2023 to October 2023, the export prices stood at a somewhat 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 the UK ($3,945 per ton), while the average price for exports to Kyrgyzstan ($870 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 Bulgaria (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Frozen Potato Imports in Lithuania
In 2022, the amount of frozen potatoes prepared or preserved imported into Lithuania skyrocketed to 18K tons, growing by 53% compared with 2021 figures. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved frozen potato imports surged to $20M in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Preserved Frozen Potato in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 5.2 | 4.8 | 6.1 | 8.0 | 15.4% |
| Germany | 0.1 | 0.2 | 0.2 | 3.6 | 230.2% |
| Latvia | 2.4 | 2.5 | 2.9 | 3.1 | 8.9% |
| Belgium | 1.1 | 1.1 | 1.6 | 2.9 | 38.1% |
| Netherlands | 0.8 | 1.0 | 1.2 | 1.7 | 28.6% |
| United Kingdom | 1.0 | 0.1 | N/A | N/A | -90.0% |
| Others | 0.3 | 0.1 | 0.5 | 0.7 | 32.6% |
| Total | 10.8 | 9.7 | 12.4 | 19.9 | 22.6% |
Top Suppliers of Preserved Frozen Potato to Lithuania in 2022:
- Poland (7.2K tons)
- Germany (3.7K tons)
- Belgium (2.9K tons)
- Latvia (2.3K tons)
- Netherlands (1.4K tons)
Preserved Frozen Potato Exports in Lithuania
After two years of decline, shipments abroad of frozen potatoes prepared or preserved increased by 427% to 6.8K tons in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved frozen potato exports surged to $7.3M in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Preserved Frozen Potato in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,126 | 344 | 12.5 | 3,989 | 52.4% |
| Belarus | N/A | 15.3 | 15.9 | 1,008 | 711.7% |
| Latvia | 1,016 | 808 | 610 | 749 | -9.7% |
| Kazakhstan | 223 | 122 | 151 | 478 | 28.9% |
| Estonia | 324 | 301 | 307 | 458 | 12.2% |
| Kyrgyzstan | 1.6 | N/A | N/A | 223 | 418.5% |
| Netherlands | 1,198 | N/A | 0.2 | 21.6 | -73.8% |
| Others | 162 | 151 | 234 | 328 | 26.5% |
| Total | 4,051 | 1,741 | 1,331 | 7,254 | 21.4% |
Top Export Markets for Preserved Frozen Potato from Lithuania in 2022:
- Russia (4177.7 tons)
- Latvia (701.7 tons)
- Belarus (679.6 tons)
- Estonia (446.5 tons)
- Kazakhstan (329.4 tons)
- Kyrgyzstan (308.9 tons)
- Netherlands (18.8 tons)
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