Lithuania: Rice Market 2024

Rice Market Size in Lithuania

The Lithuanian rice market expanded notably to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated pronounced growth 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, consumption increased by X% against 2015 indices. Rice consumption peaked in 2022 and is likely to continue growth in the near future.

Rice Production in Lithuania

In value terms, rice production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt contraction. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of rice in Lithuania stood at less than X kg per ha, leveling off at the year before. Overall, the yield recorded a relatively flat trend pattern. 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 rice production in Lithuania amounted to less than X ha, standing approx. at 2021 figures. Over the period under review, the harvested area saw a relatively flat trend pattern.

Rice Exports

Exports from Lithuania

In 2022, the amount of rice exported from Lithuania skyrocketed to X tons, rising by X% compared with the previous year's figure. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rice exports soared to $X in 2022. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for rice exports from Lithuania, with a X% share of total exports. Moreover, rice exports to Poland exceeded the volume sent to the second major destination, Latvia (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland 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, Poland ($X) remains the key foreign market for rice exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with a X% share of total exports. It was followed by Estonia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland stood at 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).

Export Prices by Country

The average rice export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. 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 remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Estonia ($X per ton), while the average price for exports to Belarus ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

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

Rice Imports

Imports into Lithuania

In 2022, rice imports into Lithuania skyrocketed to X tons, picking up by X% on 2021. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rice imports surged to $X in 2022. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Myanmar (X tons), Pakistan (X tons) and Poland (X tons) were the main suppliers of rice imports to Lithuania, with a combined X% share of total imports. Belgium, Paraguay, Latvia, Italy, Vietnam, Cambodia, Romania, the Netherlands and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, Myanmar ($X), Pakistan ($X) and Poland ($X) constituted the largest rice suppliers to Lithuania, together accounting for X% of total imports. Latvia, Italy, Paraguay, Belgium, Vietnam, Cambodia, the Netherlands, Romania and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Paraguay, with a CAGR of X%, saw 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 rice import price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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