Lithuania - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in Lithuania - 2023
Contents:
- Preserved Herring Price in Lithuania (FOB) - 2023
- Preserved Herring Price in Lithuania (CIF) - 2023
- Preserved Herring Exports in Lithuania
- Preserved Herring Imports in Lithuania
Preserved Herring Price in Lithuania (FOB) - 2023
The average preserved herring export price stood at $4,784 per ton in September 2023, remaining constant against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in April 2023 an increase of 8.7% month-to-month. Over the period under review, the average export prices hit record highs at $4,894 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($5,869 per ton), while the average price for exports to Latvia ($3,728 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Herring Price in Lithuania (CIF) - 2023
The average preserved herring import price stood at $3,887 per ton in September 2023, falling by -11% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 25% month-to-month. As a result, import price reached the peak level of $4,612 per ton. From June 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Sweden ($7,628 per ton), while the price for Latvia ($3,082 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 Poland (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Preserved Herring Exports in Lithuania
In 2022, exports of herrings (prepared or preserved) from Lithuania expanded to 7.3K tons, with an increase of 4% against 2021 figures. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved herring exports totaled $29M in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 6.2%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Preserved Herring in Lithuania (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 11.8 | 12.8 | 13.6 | 12.6 | 2.2% |
Estonia | 5.5 | 5.5 | 5.3 | 6.0 | 2.9% |
Latvia | 3.8 | 4.0 | 4.3 | 4.9 | 8.8% |
United States | 0.9 | 1.1 | 0.8 | 1.2 | 10.1% |
United Kingdom | 0.9 | 1.0 | 1.2 | 1.2 | 10.1% |
Poland | 0.8 | 0.7 | 0.7 | 0.9 | 4.0% |
Ukraine | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
Ireland | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
Others | 1.2 | 1.3 | 2.0 | 1.7 | 12.3% |
Total | 25.4 | 27.0 | 28.5 | 29.5 | 5.1% |
Top Export Markets for Preserved Herring from Lithuania in 2022:
- Germany (2564.8 tons)
- Estonia (1704.6 tons)
- Latvia (1531.4 tons)
- United Kingdom (319.9 tons)
- United States (272.3 tons)
- Poland (259.7 tons)
- Ukraine (125.5 tons)
- Ireland (113.0 tons)
Preserved Herring Imports in Lithuania
In 2022, overseas purchases of herrings (prepared or preserved) decreased by -55.3% to 472 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 33%.
In value terms, preserved herring imports shrank markedly to $1.5M in 2022. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 28%.
Import of Preserved Herring in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 450 | 462 | 480 | 730 | 17.5% |
Latvia | 253 | 253 | 293 | 329 | 9.2% |
Belarus | 1,006 | 1,476 | 1,930 | 278 | -34.9% |
Germany | 29.0 | 61.2 | 63.2 | 68.3 | 33.0% |
Others | 90.1 | 92.0 | 45.4 | 60.4 | -12.5% |
Total | 1,827 | 2,344 | 2,811 | 1,465 | -7.1% |
Top Suppliers of Preserved Herring to Lithuania in 2022:
- Poland (229.2 tons)
- Latvia (114.8 tons)
- Belarus (103.2 tons)
- Germany (11.6 tons)
This report provides an in-depth analysis of the preserved herring 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:
- Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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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