Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Lithuania - 2023

Contents:

1. Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Lithuania (FOB) - 2023
2. Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Lithuania (CIF) - 2023
3. Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Lithuania
4. Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Lithuania

Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Lithuania (FOB) - 2023

The average export price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more stood at $222 per unit in September 2023, which is down by -5.6% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in March 2023 an increase of 14% m-o-m. The export price peaked at $258 per unit in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In September 2023, the country with the highest price was Poland ($209 per unit), while the average price for exports to Latvia stood at $207 per unit.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+2.1%).

Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Lithuania (CIF) - 2023

The average import price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more stood at $227 per unit in September 2023, which is down by -6.1% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in April 2023 when the average import price increased by 11% month-to-month. Over the period under review, average import prices reached the peak figure at $255 per unit in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Estonia ($217 per unit), while the price for Latvia amounted to $212 per unit.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Estonia (+2.5%).

Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Lithuania

For the fourth year in a row, Lithuania recorded growth in overseas shipments of swine; live, (other than pure-bred breeding animals), weighing 50kg or more, which increased by 24% to 192K units in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of swine; live, (other than pure-bred breeding animals), weighing 50kg or more skyrocketed to $30M in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More from Lithuania in 2022:

1. Poland (132.5K units)
2. Latvia (58.9K units)

Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Lithuania

In 2022, the amount of swine; live, (other than pure-bred breeding animals), weighing 50kg or more imported into Lithuania reached 62K units, approximately mirroring the previous year. Over the period under review, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 1.1% against the previous year. As a result, imports attained the peak of 74K units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of swine; live, (other than pure-bred breeding animals), weighing 50kg or more surged to $9.3M in 2022. In general, imports, however, recorded a deep slump. Over the period under review, imports of hit record highs at $11M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More to Lithuania in 2022:

1. Latvia (49.9K units)
2. Estonia (12.0K units)

Source: IndexBox Market Intelligence Platform