Lithuania: Market for Prepared or Preserved Meat 2024

Market Size for Prepared or Preserved Meat in Lithuania

The Lithuanian prepared or preserved meat market dropped remarkably to $X in 2022, falling by X% against the previous year. In general, consumption continues to indicate a deep downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Prepared or Preserved Meat in Lithuania

In value terms, prepared or preserved meat production fell markedly to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Prepared or preserved meat production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Prepared or Preserved Meat

Exports from Lithuania

In 2022, approx. X tons of prepared or preserved meat were exported from Lithuania; dropping by X% on the previous year. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, prepared or preserved meat exports expanded significantly to $X in 2022. Over the period under review, total exports indicated a buoyant 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 2020 indices. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Latvia (X tons), Denmark (X tons) and France (X tons) were the main destinations of prepared or preserved meat exports from Lithuania, together accounting for X% of total exports. Estonia, the Netherlands, Sweden, the UK, Japan, Germany, Ukraine and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, Latvia ($X), Denmark ($X) and Estonia ($X) constituted the largest markets for prepared or preserved meat exported from Lithuania worldwide, together accounting for X% of total exports. France, the Netherlands, the UK, Sweden, Japan, Ukraine, Germany and Russia lagged somewhat behind, together comprising a further X%.

Japan, 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 prepared or preserved meat export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Russia ($X per ton), while the average price for exports to Germany ($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.

Imports of Prepared or Preserved Meat

Imports into Lithuania

In 2022, purchases abroad of prepared or preserved meat increased by X% to X tons, rising for the seventh consecutive year after two years of decline. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, prepared or preserved meat imports soared to $X in 2022. Over the period under review, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of prepared or preserved meat to Lithuania, accounting for a X% share of total imports. Moreover, prepared or preserved meat imports from Poland exceeded the figures recorded by the second-largest supplier, Latvia (X tons), threefold. The third position in this ranking was taken by Estonia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Estonia (X% per year).

In value terms, Poland ($X) constituted the largest supplier of prepared or preserved meat to Lithuania, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by Estonia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Estonia (X% per year).

Import Prices by Country

The average prepared or preserved meat import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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 Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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