Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Lithuania - 2023

Contents:

1. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Lithuania (CIF) - 2023
2. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Lithuania (FOB) - 2022
3. Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Lithuania
4. Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Lithuania

Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Lithuania (CIF) - 2023

The average import price for offal, edible; of swine, (other than livers), frozen stood at $1,872 per ton in November 2023, increasing by 6.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 19% month-to-month. The import price peaked at $1,947 per ton in July 2023; afterwards, it flattened through to November 2023.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Spain ($2,293 per ton) and Denmark ($2,061 per ton), while the price for Sweden ($1,634 per ton) and Germany ($1,663 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Lithuania (FOB) - 2022

In 2022, the average export price for offal, edible; of swine, (other than livers), frozen amounted to $870 per ton, picking up by 31% against the previous year. In general, the export price, however, saw a noticeable slump. The export price peaked at $1,428 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($1,523 per ton), while the average price for exports to Cote d'Ivoire ($407 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Lithuania

Imports of offal, edible; of swine, (other than livers), frozen into Lithuania soared to 4.4K tons in 2022, picking up by 31% against the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of offal, edible; of swine, (other than livers), frozen stood at $5.7M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to Lithuania in 2022:

1. Poland (1938.2 tons)
2. Germany (1144.9 tons)
3. Estonia (371.2 tons)
4. Denmark (269.3 tons)
5. Netherlands (119.0 tons)
6. Italy (107.6 tons)
7. Latvia (78.0 tons)
8. Spain (67.6 tons)
9. Belgium (53.4 tons)
10. Sweden (20.8 tons)

Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Lithuania

In 2022, overseas shipments of offal, edible; of swine, (other than livers), frozen decreased by -10.9% to 2.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.0% 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 increased by +64.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of 2.5K tons, and then fell in the following year.

In value terms, exports of offal, edible; of swine, (other than livers), frozen surged to $2M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 increased by +57.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from Lithuania in 2022:

1. Poland (758.8 tons)
2. Belarus (665.5 tons)
3. Cote d'Ivoire (328.0 tons)
4. Latvia (214.4 tons)
5. Italy (123.0 tons)
6. Estonia (56.8 tons)
7. Denmark (37.6 tons)

Source: IndexBox Market Intelligence Platform