Lithuania: Meat Market 2024

Meat Market Size in Lithuania

For the fourth year in a row, the Lithuanian meat market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Meat Production in Lithuania

In value terms, meat production totaled $X in 2022 estimated in export price. Over the period under review, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Meat production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of meat in Lithuania reduced slightly to X kg per head in 2022, with a decrease of X% against the previous year's figure. Overall, the yield continues to indicate a slight curtailment. The growth pace was the most rapid in 2021 with an increase of X%. The meat yield peaked at X kg per head in 2012; however, from 2013 to 2022, the yield failed to regain momentum.

In 2022, number of animals slaughtered for meat production in Lithuania reached X heads, approximately mirroring 2021. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2020; afterwards, it flattened through to 2022.

Meat Exports

Exports from Lithuania

In 2022, approx. X tons of meat were exported from Lithuania; surging by X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, meat exports surged to $X in 2022. In general, total exports indicated a tangible increase 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 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Latvia (X tons), the Netherlands (X tons) and Italy (X tons) were the main destinations of meat exports from Lithuania, together accounting for X% of total exports. Sweden, Denmark, Romania, Estonia, Poland, Germany and Belarus lagged somewhat behind, together comprising 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, Latvia ($X), Sweden ($X) and Italy ($X) were the largest markets for meat exported from Lithuania worldwide, with a combined X% share of total exports. The Netherlands, Romania, Denmark, Estonia, Germany, Poland and Belarus lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The average meat export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Meat Imports

Imports into Lithuania

In 2022, imports of meat into Lithuania amounted to X tons, increasing by X% against the previous year. The total import 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 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, meat imports surged to $X in 2022. In general, total imports indicated a pronounced 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of meat imports to Lithuania, with a combined X% share of total imports. Belgium, Austria, Estonia, Spain, Latvia and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Poland ($X) constituted the largest supplier of meat to Lithuania, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an 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: Germany (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Latvia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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