Lithuania: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Lithuania

The Lithuanian lamb and sheep meat market expanded modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted buoyant growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Lamb and Sheep Meat in Lithuania

In value terms, lamb and sheep meat production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average lamb and sheep meat yield in Lithuania fell modestly to X kg per head, reducing by X% on 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the average lamb and sheep meat yield hit record highs at X kg per head in 2013; however, from 2014 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for lamb and sheep meat production in Lithuania rose significantly to X heads, growing by X% on the year before. Overall, the number of producing animals recorded resilient growth. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2017; however, from 2018 to 2022, producing animals stood at a somewhat lower figure.

Exports of Lamb and Sheep Meat

Exports from Lithuania

In 2022, after two years of growth, there was decline in shipments abroad of lamb and sheep meat, when their volume decreased by X% to X tons. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, lamb and sheep meat exports stood at $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for lamb and sheep meat exports from Lithuania, with a X% share of total exports. Moreover, lamb and sheep meat exports to Sweden exceeded the volume sent to the second major destination, Latvia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Estonia (X% per year).

In value terms, Sweden ($X), Latvia ($X) and Estonia ($X) were the largest markets for lamb and sheep meat exported from Lithuania worldwide, together comprising X% of total exports.

Estonia, with a CAGR of X%, recorded 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 lamb and sheep meat export price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lamb and Sheep Meat

Imports into Lithuania

In 2022, the amount of lamb and sheep meat imported into Lithuania totaled X tons, picking up by X% on 2021. In general, total imports indicated a strong expansion 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lamb and sheep meat imports surged to $X in 2022. Overall, imports posted resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Latvia (X tons) were the main suppliers of lamb and sheep meat imports to Lithuania, together comprising X% of total imports.

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

In value terms, the largest lamb and sheep meat suppliers to Lithuania were Latvia ($X), the Netherlands ($X) and Spain ($X), with a combined X% share of total imports.

Among the main suppliers, Spain, 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 lamb and sheep meat import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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