Lithuania - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Evaporated and Condensed Milk in Lithuania - 2023
Contents:
- Price for Evaporated and Condensed Milk in Lithuania (FOB) - 2023
- Price for Evaporated and Condensed Milk in Lithuania (CIF) - 2023
- Exports of Evaporated and Condensed Milk in Lithuania
- Imports of Evaporated and Condensed Milk in Lithuania
Price for Evaporated and Condensed Milk in Lithuania (FOB) - 2023
The average evaporated and condensed milk export price stood at $2,400 per ton in September 2023, surging by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in November 2022 an increase of 22% against the previous month. The export price peaked at $2,684 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Latvia ($2,729 per ton), while the average price for exports to Poland ($1,577 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 Libya (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Evaporated and Condensed Milk in Lithuania (CIF) - 2023
The average evaporated and condensed milk import price stood at $1,685 per ton in September 2023, growing by 47% against the previous month. In general, the import price, however, continues to indicate a noticeable decline. Over the period under review, average import prices attained the maximum at $2,513 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($4,315 per ton), while the price for the Netherlands ($987 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 Latvia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Evaporated and Condensed Milk in Lithuania
In 2022, shipments abroad of evaporated and condensed milk decreased by -56.3% to 13K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 73% against the previous year.
In value terms, evaporated and condensed milk exports declined rapidly to $26M in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 65%.
| Export of Evaporated and Condensed Milk in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.7 | 5.1 | 5.2 | 7.0 | 115.4% |
| Poland | 0.5 | 3.7 | 9.7 | 3.6 | 93.1% |
| Latvia | 1.7 | 2.5 | 2.0 | 2.2 | 9.0% |
| Spain | 1.2 | 1.0 | 0.8 | 2.2 | 22.4% |
| Hong Kong SAR | 4.2 | 3.6 | 3.4 | 1.8 | -24.6% |
| South Africa | 0.1 | 0.1 | 0.7 | 1.7 | 157.1% |
| United Kingdom | 1.0 | 1.5 | 1.2 | 1.5 | 14.5% |
| France | 1.1 | 1.5 | 1.3 | 1.3 | 5.7% |
| Germany | 1.0 | 1.3 | 1.8 | 0.6 | -15.7% |
| Portugal | 1.5 | 1.6 | 1.3 | 0.1 | -59.5% |
| Libya | 6.7 | 6.4 | 13.3 | N/A | 40.9% |
| Others | 2.2 | 7.8 | 6.7 | 3.9 | 21.0% |
| Total | 21.8 | 36.1 | 47.3 | 26.1 | 6.2% |
Top Export Markets for Evaporated and Condensed Milk from Lithuania in 2022:
- Australia (3.5K tons)
- Poland (2.6K tons)
- South Africa (1.0K tons)
- Spain (1.0K tons)
- Latvia (0.9K tons)
- Hong Kong SAR (0.9K tons)
- France (0.6K tons)
- United Kingdom (0.6K tons)
- Germany (0.3K tons)
- Portugal (0.1K tons)
Imports of Evaporated and Condensed Milk in Lithuania
In 2022, the amount of evaporated and condensed milk imported into Lithuania contracted dramatically to 5.2K tons, which is down by -33.1% on 2021. Overall, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 3.4%.
In value terms, evaporated and condensed milk imports shrank to $9.9M in 2022. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 16%.
| Import of Evaporated and Condensed Milk in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 0.3 | 1.2 | 2.2 | 2.9 | 113.0% |
| Poland | 2.7 | 1.7 | 2.9 | 2.3 | -5.2% |
| Netherlands | 2.4 | 2.7 | 2.6 | 1.6 | -12.6% |
| Germany | 4.8 | 2.4 | 1.6 | 1.5 | -32.1% |
| Estonia | 0.7 | 0.7 | 0.9 | 1.0 | 12.6% |
| Belgium | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Slovakia | N/A | N/A | N/A | 0.2 | 0% |
| France | 0.9 | 0.3 | 0.4 | N/A | -33.3% |
| Others | 0.3 | 0.3 | 0.1 | N/A | -42.3% |
| Total | 12.2 | 9.4 | 10.9 | 9.9 | -6.7% |
Top Suppliers of Evaporated and Condensed Milk to Lithuania in 2022:
- Poland (1198.8 tons)
- Germany (1096.2 tons)
- Netherlands (1094.2 tons)
- Latvia (889.4 tons)
- Estonia (449.4 tons)
- Belgium (272.9 tons)
- Slovakia (151.6 tons)
This report provides an in-depth analysis of the market for evaporated and condensed milk 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 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
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, PRODUCING ANIMALS 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
- Producing Animals Slaughtered, 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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