Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania - 2023
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania (CIF) - 2023
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania (FOB) - 2023
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania (CIF) - 2023
The average import price for vegetables; potatoes (other than seed), fresh or chilleds stood at $354 per ton in October 2023, declining by -40.2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 27% month-to-month. The import price peaked at $736 per ton in July 2023; however, from August 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($1,326 per ton), while the price for Latvia ($288 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania (FOB) - 2023
In October 2023, the average export price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $305 per ton, dropping by -4.2% against the previous month. Over the period under review, the export price, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in December 2022 an increase of 99% against the previous month. Over the period under review, the average export prices reached the peak figure at $729 per ton in March 2023; however, from April 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Latvia ($382 per ton), while the average price for exports to Ukraine ($204 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania
In 2022, the amount of vegetables; potatoes (other than seed), fresh or chilleds imported into Lithuania surged to 24K tons, picking up by 60% compared with the previous year. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 97%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds surged to $9.4M in 2022. Overall, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 708 | 360 | 1,097 | 2,694 | 56.1% |
| Latvia | 1,075 | 762 | 1,159 | 2,374 | 30.2% |
| Italy | 674 | 505 | 595 | 1,238 | 22.5% |
| Poland | 1,177 | 421 | 823 | 1,003 | -5.2% |
| Netherlands | 780 | 342 | 550 | 758 | -0.9% |
| France | 57.2 | 38.8 | 192 | 715 | 132.1% |
| Finland | 309 | 229 | 415 | 176 | -17.1% |
| Denmark | 76.7 | 111 | 2.6 | 150 | 25.1% |
| Spain | 639 | 31.6 | 51.1 | 31.7 | -63.3% |
| Others | 382 | 346 | 134 | 272 | -10.7% |
| Total | 5,879 | 3,147 | 5,017 | 9,412 | 17.0% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Lithuania in 2022:
- Germany (9.3K tons)
- Latvia (6.7K tons)
- Italy (2.7K tons)
- Poland (1.9K tons)
- Netherlands (1.1K tons)
- France (0.9K tons)
- Finland (0.7K tons)
- Denmark (0.6K tons)
- Spain (0.1K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania
In 2022, after three years of growth, there was significant decline in shipments abroad of vegetables; potatoes (other than seed), fresh or chilleds, when their volume decreased by -67% to 9.8K tons. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of 30K tons, and then shrank significantly in the following year.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds reduced rapidly to $2.7M in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of $4.8M, and then fell significantly in the following year.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 2,174 | 1,581 | 1,720 | 2,025 | -2.3% |
| Italy | 225 | 182 | 337 | 478 | 28.6% |
| Finland | 6.7 | 2.1 | 199 | 92.1 | 139.5% |
| United Kingdom | 249 | 208 | 91.2 | 45.5 | -43.3% |
| Ukraine | 80.7 | 850 | 2,281 | 19.2 | -38.0% |
| Poland | 755 | 262 | N/A | 6.3 | -79.7% |
| Hungary | 351 | 44.9 | N/A | 4.7 | -76.3% |
| Romania | 205 | 194 | N/A | N/A | -5.4% |
| Others | 697 | 554 | 191 | 43.6 | -60.3% |
| Total | 4,743 | 3,879 | 4,819 | 2,715 | -17.0% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Lithuania in 2022:
- Latvia (6.4K tons)
- Italy (2.5K tons)
- Finland (0.5K tons)
- Ukraine (0.2K tons)
- United Kingdom (0.1K tons)
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