Lithuania - Spices Except Pepper or Ginger - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Spices Except Pepper or Ginger in Lithuania - 2023
Contents:
- Price for Spices Except Pepper or Ginger in Lithuania (CIF) - 2023
- Price for Spices Except Pepper or Ginger in Lithuania (FOB) - 2023
- Imports of Spices Except Pepper or Ginger in Lithuania
- Exports of Spices Except Pepper or Ginger in Lithuania
Price for Spices Except Pepper or Ginger in Lithuania (CIF) - 2023
The average import price for spices except pepper or ginger stood at $4,552 per ton in August 2023, waning by -30.4% against the previous month. Overall, the import price showed a mild setback. The growth pace was the most rapid in November 2022 when the average import price increased by 59% m-o-m. The import price peaked at $10,176 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Estonia ($12,053 per ton), while the price for India ($1,415 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices Except Pepper or Ginger in Lithuania (FOB) - 2023
The average export price for spices except pepper or ginger stood at $7,660 per ton in August 2023, shrinking by -7.4% against the previous month. Overall, export price indicated mild growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, spices except pepper or ginger export price decreased by -16.9% against June 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 41% m-o-m. Over the period under review, the average export prices hit record highs at $9,221 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the UK ($11,631 per ton), while the average price for exports to the Czech Republic ($4,321 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices Except Pepper or Ginger in Lithuania
In 2022, purchases abroad of spices except pepper or ginger decreased by -15.2% to 604 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of 713 tons, and then plummeted in the following year.
In value terms, spices except pepper or ginger imports fell to $3.5M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of $3.8M, and then fell in the following year.
| Import of Spices Except Pepper or Ginger in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 922 | 1,043 | 929 | 1,101 | 6.1% |
| Germany | 983 | 795 | 983 | 947 | -1.2% |
| Poland | 343 | 319 | 262 | 268 | -7.9% |
| Turkey | 67.7 | 204 | 234 | 267 | 58.0% |
| Latvia | 123 | 241 | 223 | 187 | 15.0% |
| Italy | 34.3 | 52.9 | 143 | 112 | 48.4% |
| India | 98.1 | 100 | 148 | 103 | 1.6% |
| Others | 467 | 436 | 871 | 558 | 6.1% |
| Total | 3,038 | 3,191 | 3,794 | 3,544 | 5.3% |
Top Suppliers of Spices Except Pepper or Ginger to Lithuania in 2022:
- Germany (127.7 tons)
- Estonia (110.3 tons)
- Turkey (87.6 tons)
- Poland (66.1 tons)
- India (62.2 tons)
- Latvia (43.0 tons)
- Italy (32.3 tons)
Exports of Spices Except Pepper or Ginger in Lithuania
In 2022, exports of spices except pepper or ginger from Lithuania reduced sharply to 190 tons, waning by -40.3% against the previous year's figure. In general, exports saw a pronounced setback. The pace of growth appeared the most rapid in 2021 when exports increased by 66% against the previous year. As a result, the exports reached the peak of 318 tons, and then dropped markedly in the following year.
In value terms, spices except pepper or ginger exports reduced markedly to $1.2M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of $1.6M, and then shrank sharply in the following year.
| Export of Spices Except Pepper or Ginger in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 77.4 | 75.5 | 229 | 368 | 68.2% |
| Latvia | 441 | 576 | 866 | 306 | -11.5% |
| Russia | 83.1 | 68.4 | 126 | 127 | 15.2% |
| Estonia | 87.0 | 98.8 | 107 | 123 | 12.2% |
| United Kingdom | 59.6 | 99.9 | 69.8 | 73.2 | 7.1% |
| Ireland | 28.7 | 41.7 | 59.0 | 49.3 | 19.8% |
| United Arab Emirates | N/A | N/A | N/A | 10.1 | 0% |
| Belgium | 4.6 | 16.3 | N/A | N/A | 254.3% |
| Others | 65.7 | 80.7 | 128 | 118 | 21.6% |
| Total | 847 | 1,057 | 1,586 | 1,176 | 11.6% |
Top Export Markets for Spices Except Pepper or Ginger from Lithuania in 2022:
- Latvia (70.6 tons)
- Germany (46.5 tons)
- Russia (26.5 tons)
- Estonia (15.7 tons)
- United Kingdom (7.7 tons)
- United Arab Emirates (4.7 tons)
- Ireland (4.2 tons)
This report provides an in-depth analysis of the market for spices except pepper or ginger 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 723 - Spices nes
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, HARVESTED AREA 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
- Area Harvested, 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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