Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania (FOB) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania (CIF) - 2023
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania (FOB) - 2023
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,739 per ton in November 2023, dropping by -22.2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 13% m-o-m. The export price peaked at $5,007 per ton in July 2023; however, from August 2023 to November 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 Poland ($6,451 per ton), while the average price for exports to Germany ($2,156 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania (CIF) - 2023
In November 2023, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,794 per ton, falling by -4% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in December 2022 an increase of 19% m-o-m. Over the period under review, average import prices attained the maximum at $5,614 per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($7,638 per ton), while the price for Russia ($1,069 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Sweden (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania
Exports of soups and broths and preparations therefor; homogenised composite food preparationses from Lithuania reached 3.3K tons in 2022, picking up by 5.5% against 2021 figures. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 32% against the previous year. As a result, the exports attained the peak of 3.6K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses reached $12M in 2022. The total export value increased at an average annual rate of +12.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 36%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 1.8 | 2.7 | 3.1 | 117.8% |
| Latvia | 2.0 | 2.1 | 2.4 | 2.7 | 10.5% |
| Estonia | 1.5 | 1.8 | 1.7 | 1.9 | 8.2% |
| Poland | 0.9 | 1.1 | 1.0 | 0.9 | 0.0% |
| Germany | 0.4 | 0.6 | 0.5 | 0.7 | 20.5% |
| Japan | 0.4 | 0.4 | 0.6 | 0.6 | 14.5% |
| United Kingdom | 0.4 | 0.5 | 0.5 | 0.5 | 7.7% |
| Russia | 2.2 | 2.2 | 0.5 | 0.4 | -43.3% |
| Others | 0.6 | 1.4 | 1.4 | 1.7 | 41.5% |
| Total | 8.7 | 11.9 | 11.3 | 12.4 | 12.5% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Lithuania in 2022:
- Latvia (827.6 tons)
- United States (552.6 tons)
- Estonia (425.8 tons)
- Germany (344.7 tons)
- Japan (234.7 tons)
- Poland (153.8 tons)
- United Kingdom (150.7 tons)
- Russia (100.2 tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania
Imports of soups and broths and preparations therefor; homogenised composite food preparationses into Lithuania stood at 2.5K tons in 2022, approximately reflecting the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 5.2%. As a result, imports attained the peak of 2.6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses contracted to $9.3M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. As a result, imports reached the peak of $10M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2,093 | 2,258 | 3,221 | 2,847 | 10.8% |
| Spain | 2,755 | 3,273 | 1,910 | 2,026 | -9.7% |
| Slovakia | 1,505 | 1,698 | 1,636 | 1,407 | -2.2% |
| Czech Republic | 166 | 187 | 181 | 605 | 53.9% |
| Germany | 563 | 556 | 537 | 555 | -0.5% |
| Sweden | 328 | 407 | 568 | 493 | 14.5% |
| Latvia | 652 | 528 | 398 | 455 | -11.3% |
| Austria | 267 | 294 | 362 | 297 | 3.6% |
| United Kingdom | 329 | 273 | 135 | 140 | -24.8% |
| Others | 814 | 955 | 877 | 496 | -15.2% |
| Total | 9,473 | 10,430 | 9,824 | 9,323 | -0.5% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Lithuania in 2022:
- Poland (707.0 tons)
- Slovakia (523.5 tons)
- Spain (467.6 tons)
- Latvia (165.6 tons)
- Czech Republic (154.1 tons)
- Germany (133.4 tons)
- Sweden (109.8 tons)
- Austria (65.4 tons)
- United Kingdom (26.3 tons)
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