Lithuania: Maize Market 2024

Maize Market Size in Lithuania

The Lithuanian maize market soared to $X in 2022, surging by X% against the previous year. In general, consumption posted a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Maize Production in Lithuania

In value terms, maize production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average yield of maize in Lithuania rose sharply to X tons per ha, growing by X% against 2021. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the average maize yield reached the maximum level at X tons per ha in 2019; however, from 2020 to 2022, the yield stood 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.

The maize harvested area in Lithuania expanded rapidly to X ha in 2022, with an increase of X% on the previous year. Overall, the total harvested area indicated a pronounced expansion from 2012 to 2022: its figure 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, maize harvested area decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the maize harvested area remained at a somewhat lower figure.

Maize Exports

Exports from Lithuania

After two years of decline, shipments abroad of maize increased by X% to X tons in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, maize exports soared to $X in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Spain (X tons), Denmark (X tons) and Latvia (X tons) were the main destinations of maize exports from Lithuania, together accounting for X% of total exports. Germany, Estonia, Ireland and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, Spain ($X), Denmark ($X) and Latvia ($X) appeared to be the largest markets for maize exported from Lithuania worldwide, with a combined X% share of total exports. Germany, Estonia, Ireland and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into Lithuania

In 2022, purchases abroad of maize increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, maize imports skyrocketed to $X in 2022. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Ukraine (X tons) and Russia (X tons) were the main suppliers of maize imports to Lithuania, together comprising X% of total imports.

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

In value terms, the largest maize suppliers to Lithuania were Poland ($X), Ukraine ($X) and Russia ($X), together accounting for X% of total imports.

Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average maize import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a mild 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, maize import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Latvia ($X per ton) and Poland ($X per ton), while the price for Russia ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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