Lithuania: Grain Market 2024

Grain Market Size in Lithuania

For the third year in a row, the Lithuanian grain market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, saw a relatively flat trend pattern. Grain consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Grain Production in Lithuania

In value terms, grain production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Grain production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average grain yield in Lithuania expanded sharply to X tons per ha, picking up by X% against 2021 figures. Overall, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average grain yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereal grains were harvested in Lithuania; picking up by X% compared with the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X%. The grain harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

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Grain Exports

Exports from Lithuania

In 2022, shipments abroad of cereal grains decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated notable growth from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Nigeria (X tons), Latvia (X tons) and Spain (X tons) were the main destinations of grain exports from Lithuania, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the key foreign market for cereal grains exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Latvia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a slight increase 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, grain export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Senegal ($X per ton), while the average price for exports to Latvia ($X per ton) and Egypt ($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 Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Lithuania

After two years of decline, purchases abroad of cereal grains increased by X% to X tons in 2022. In general, imports enjoyed pronounced growth. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, grain imports soared to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Ukraine (X tons) and Russia (X tons) were the main suppliers of grain imports to Lithuania, together comprising X% of total imports. Latvia, Sweden, Denmark and Estonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and Russia ($X) constituted the largest grain suppliers to Lithuania, with a combined X% share of total imports. Latvia, Sweden, Denmark and Estonia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Estonia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average grain import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a measured expansion 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, grain import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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