Lithuania: Beef Market 2024

Beef Market Size in Lithuania

In 2022, the Lithuanian beef market increased by X% to $X, rising for the seventh year in a row after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Beef consumption peaked in 2022 and is expected to retain growth in the immediate term.

Beef Production in Lithuania

In value terms, beef production stood at $X in 2022 estimated in export price. Overall, production showed a slight contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Beef production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of beef (cattle meat) in Lithuania shrank modestly to X kg per head, almost unchanged from 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the average beef yield reached the maximum level at X kg per head in 2021, and then fell modestly in the following year.

The number of animals slaughtered for beef production in Lithuania declined modestly to X heads in 2022, which is down by X% on 2021 figures. In general, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the number of producing animals reached the peak level of X heads. From 2016 to 2022, the growth of this number remained at a lower figure.

Beef Exports

Exports from Lithuania

In 2022, exports of beef (cattle meat) from Lithuania totaled X tons, approximately mirroring 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, beef exports surged to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons), Italy (X tons) and Sweden (X tons) were the main destinations of beef exports from Lithuania, together comprising X% of total exports. Denmark, Romania, Latvia, Germany, Estonia, Poland, Greece, Croatia and Georgia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for beef exported from Lithuania were Sweden ($X), the Netherlands ($X) and Italy ($X), together comprising X% of total exports. Romania, Latvia, Denmark, Germany, Estonia, Greece, Poland, Croatia and Georgia lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average beef export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beef export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and Greece ($X per ton), while the average price for exports to Poland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into Lithuania

In 2022, supplies from abroad of beef (cattle meat) increased by X% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, beef imports soared to $X in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of beef to Lithuania, accounting for a X% share of total imports. Moreover, beef imports from Poland exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fivefold. The third position in this ranking was held by Latvia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Latvia (X% per year).

In value terms, Poland ($X) constituted the largest supplier of beef (cattle meat) to Lithuania, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by Denmark, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the average beef import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 the Netherlands ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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