Price for Flour and Meal; of Potatoes in Lithuania - 2023

Contents:

1. Price for Flour and Meal; of Potatoes in Lithuania (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Lithuania (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Lithuania
4. Exports of Flour and Meal; of Potatoes in Lithuania

Price for Flour and Meal; of Potatoes in Lithuania (CIF) - 2022

The average import price for flour and meal; of potatoeses stood at $1,722 per ton in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 51% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($2,145 per ton), while the price for Latvia ($971 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Lithuania (FOB) - 2022

In 2022, the average export price for flour and meal; of potatoeses amounted to $3,518 per ton, reducing by -7.7% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 54%. Over the period under review, the average export prices hit record highs at $6,463 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($5,914 per ton), while the average price for exports to Denmark ($1,041 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+19.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flour and Meal; of Potatoes in Lithuania

Flour and meal; of potatoes imports into Lithuania skyrocketed to 120 tons in 2022, with an increase of 70% against the previous year. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flour and meal; of potatoes imports soared to $206K in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flour and Meal; of Potatoes to Lithuania in 2022:

1. Belgium (80.0 tons)
2. Latvia (20.4 tons)
3. Poland (16.8 tons)
4. Netherlands (2.3 tons)

Exports of Flour and Meal; of Potatoes in Lithuania

In 2022, overseas shipments of flour and meal; of potatoeses decreased by -70.8% to 1.7 tons, falling for the second year in a row after two years of growth. Overall, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. As a result, the exports attained the peak of 8.8 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, flour and meal; of potatoes exports fell notably to $6.1K in 2022. In general, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2020 when exports increased by 37%. As a result, the exports attained the peak of $43K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Flour and Meal; of Potatoes from Lithuania in 2022:

1. United Kingdom (715.0 kg)
2. Estonia (693.0 kg)
3. Latvia (243.0 kg)
4. Denmark (74.0 kg)

Source: IndexBox Market Intelligence Platform