Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania (CIF) - 2023
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania (FOB) - 2023
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania (CIF) - 2023
The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $3,944 per ton in October 2023, dropping by -5.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 31% month-to-month. As a result, import price attained the peak level of $5,635 per ton. From July 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Czech Republic ($5,913 per ton), while the price for Spain ($2,322 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Latvia (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania (FOB) - 2023
In October 2023, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $5,372 per ton, increasing by 16% against the previous month. Overall, export price indicated a modest increase from October 2022 to October 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s increased by +16.5% against September 2023 indices. The pace of growth was the most pronounced in December 2022 an increase of 86% month-to-month. As a result, the export price attained the peak level of $9,209 per ton. From January 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In October 2023, the country with the highest price was Latvia ($5,807 per ton), while the average price for exports to Estonia ($4,927 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 Ukraine (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania
In 2022, overseas purchases of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were finally on the rise to reach 1.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt descent.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $4.9M in 2022. Over the period under review, imports, however, recorded a noticeable setback.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 2,494 | 1,499 | 1,117 | 2,949 | 5.7% |
| Latvia | 357 | 342 | 503 | 581 | 17.6% |
| Spain | 339 | 301 | 418 | 488 | 12.9% |
| Poland | 343 | 285 | 521 | 382 | 3.7% |
| Czech Republic | 126 | 154 | 128 | 150 | 6.0% |
| China | 1,738 | 1,337 | 724 | 148 | -56.0% |
| Germany | N/A | 0.7 | N/A | 127 | 1247.0% |
| Others | 97.9 | 91.8 | 239 | 74.1 | -8.9% |
| Total | 5,496 | 4,011 | 3,650 | 4,900 | -3.8% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Lithuania in 2022:
- Argentina (755.5 tons)
- Spain (140.7 tons)
- Latvia (140.1 tons)
- Poland (87.6 tons)
- China (40.8 tons)
- Germany (27.0 tons)
- Czech Republic (24.8 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania
In 2022, the amount of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s exported from Lithuania was estimated at 298 tons, almost unchanged from the year before. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 decreased by -26.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 101% against the previous year. As a result, the exports reached the peak of 407 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $1.6M in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 100%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 193 | 684 | 254.4% |
| Latvia | 319 | 359 | 386 | 483 | 14.8% |
| Estonia | 339 | 312 | 346 | 295 | -4.5% |
| Czech Republic | 7.0 | 3.8 | 15.7 | 85.7 | 130.5% |
| Denmark | 0.4 | 0.6 | N/A | 21.8 | 279.1% |
| Ukraine | N/A | 1.6 | N/A | 16.0 | 216.2% |
| Spain | 0.1 | 706 | 3.9 | N/A | 524.5% |
| Moldova | 18.0 | 13.6 | 151 | N/A | 189.6% |
| Others | 27.9 | 24.1 | 23.8 | 4.3 | -46.4% |
| Total | 711 | 1,421 | 1,119 | 1,591 | 30.8% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Lithuania in 2022:
- Latvia (132.0 tons)
- Estonia (66.9 tons)
- Germany (65.9 tons)
- Czech Republic (18.6 tons)
- Ukraine (8.0 tons)
- Denmark (5.6 tons)
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