Price for Vegetable Products Not Elsewhere Specified or Included in Lithuania - 2024

Contents:

  1. Price for Vegetable Products Not Elsewhere Specified or Included in Lithuania (CIF) - 2022
  2. Price for Vegetable Products Not Elsewhere Specified or Included in Lithuania (FOB) - 2022
  3. Imports of Vegetable Products Not Elsewhere Specified or Included in Lithuania
  4. Exports of Vegetable Products Not Elsewhere Specified or Included in Lithuania

Price for Vegetable Products Not Elsewhere Specified or Included in Lithuania (CIF) - 2022

In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $208 per ton, with a decrease of -23% against the previous year. Over the period under review, the import price showed a dramatic contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 119%. The import price peaked at $2,319 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($530 per ton), while the price for Russia ($172 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vegetable Products Not Elsewhere Specified or Included in Lithuania (FOB) - 2022

The average export price for vegetable products not elsewhere specified or includeds stood at $348 per ton in 2022, dropping by -39% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 481% against the previous year. As a result, the export price attained the peak level of $2,329 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($605 per ton), while the average price for exports to Poland ($249 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 China (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetable Products Not Elsewhere Specified or Included in Lithuania

In 2022, purchases abroad of vegetable products not elsewhere specified or includeds was finally on the rise to reach 21K tons after two years of decline. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable products not elsewhere specified or includeds surged to $4.4M in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Vegetable Products Not Elsewhere Specified or Included in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia73.739.017.12,487223.1%
Belarus20.228.526.9756234.5%
Latvia19.923.939.0357161.8%
Ukraine535388183259-21.5%
Others19832915549836.0%
Total8478094214,35772.6%

Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Lithuania in 2022:

  1. Russia (14.5K tons)
  2. Belarus (4.0K tons)
  3. Ukraine (1.3K tons)
  4. Latvia (0.7K tons)

Exports of Vegetable Products Not Elsewhere Specified or Included in Lithuania

In 2022, exports of vegetable products not elsewhere specified or includeds from Lithuania skyrocketed to 1.9K tons, increasing by 416% against 2021. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,177%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of vegetable products not elsewhere specified or includeds soared to $667K in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 303%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Export of Vegetable Products Not Elsewhere Specified or Included in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland0.11571.62761302.7%
BelgiumN/AN/AN/A74.40%
Latvia5.750.510767.9128.4%
Estonia2.027.214.646.3185.0%
DenmarkN/AN/A0.944.04788.9%
ItalyN/AN/AN/A28.70%
GermanyN/AN/AN/A25.00%
SlovakiaN/AN/AN/A13.90%
ChinaN/A11523.0N/A-80.0%
Others10611089.090.7-5.1%
Total11446023766780.2%

Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Lithuania in 2022:

  1. Poland (1107.4 tons)
  2. Belgium (162.6 tons)
  3. Latvia (161.8 tons)
  4. Denmark (135.3 tons)
  5. Estonia (76.6 tons)
  6. Italy (76.5 tons)
  7. Germany (59.8 tons)
  8. Slovakia (47.5 tons)

Source: IndexBox Market Intelligence Platform

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