Swine; Live Price in Lithuania - 2023

Swine; Live Price in Lithuania (FOB) - 2023

In September 2023, the average swine; live export price amounted to $182 per unit, declining by -6.5% against the previous month. Overall, export price indicated slight growth from November 2022 to September 2023: its price increased at an average monthly rate of +1.5% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, swine; live export price decreased by -28.0% against June 2023 indices. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 15% month-to-month. As a result, the export price reached the peak level of $253 per unit. From July 2023 to September 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Poland ($125 per unit), while the average price for exports to Latvia totaled $123 per unit.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+3.2%).

Swine; Live Price in Lithuania (CIF) - 2023

In September 2023, the average swine; live import price amounted to $160 per unit, jumping by 23% against the previous month. In general, import price indicated a resilient expansion from November 2022 to September 2023: its price increased at an average monthly rate of +6.0% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, swine; live import price increased by +22.6% against August 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 40% month-to-month. Over the period under review, average import prices attained the maximum in September 2023.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Latvia ($151 per unit), while the price for Estonia totaled $129 per unit.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Latvia (+4.2%).

Swine; Live Exports in Lithuania

In 2022, the amount of swine; live exported from Lithuania skyrocketed to 213K units, growing by 24% against the previous year. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, swine; live exports soared to $31M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Swine; Live in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	10.1	5.3	9.9	22.0	29.6%
Latvia	6.4	11.7	11.0	8.9	11.6%
Others	0.1	0.2	0.2	N/A	41.4%
Total	16.6	17.3	21.1	31.0	23.1%

Top Export Markets for Swine; Live from Lithuania in 2022:

Poland (153.6K units)
Latvia (58.9K units)

Swine; Live Imports in Lithuania

In 2022, swine; live imports into Lithuania expanded remarkably to 148K units, surging by 13% on 2021. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 19%. As a result, imports attained the peak of 170K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, swine; live imports expanded remarkably to $13M in 2022. Over the period under review, imports, however, continue to indicate a deep reduction. Over the period under review, imports attained the peak figure at $15M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.