Lithuania: Cereal Market 2024

Cereal Market Size in Lithuania

For the third consecutive year, the Lithuanian cereal market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cereal Production in Lithuania

In value terms, cereal production expanded sharply to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Cereal production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of cereals in Lithuania was estimated at X tons per ha in 2022, with an increase of X% against the previous year's figure. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average cereal 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, the total area harvested in terms of cereals production in Lithuania expanded modestly to X ha, with an increase of X% compared with 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The cereal harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Cereal Exports

Exports from Lithuania

In 2022, overseas shipments of cereals decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, 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. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cereal exports skyrocketed to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Nigeria (X tons), Latvia (X tons) and Spain (X tons) were the main destinations of cereal exports from Lithuania, with a combined X% share of total exports.

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

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

From 2012 to 2022, the average annual growth rate of value to Nigeria totaled 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

The average cereal export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, export price indicated a modest 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, cereal 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.

Cereal Imports

Imports into Lithuania

In 2022, purchases abroad of cereals was finally on the rise to reach X tons after two years of decline. Overall, imports posted a pronounced increase. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cereal imports soared to $X in 2022. In general, imports enjoyed a resilient expansion. As a result, imports reached 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 cereal imports to Lithuania, together accounting for X% of total imports. Latvia, Sweden, Denmark and Estonia lagged somewhat behind, together comprising a further X%.

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

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

Among the main suppliers, Estonia, with a CAGR of X%, recorded 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

The average cereal import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated a temperate 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, cereal import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure 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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