Lithuania: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Lithuania

The Lithuanian sheep and goat meat market expanded slightly to $X in 2022, surging by X% against the previous year. In general, consumption posted a remarkable increase. Sheep and goat meat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Sheep And Goat Meat in Lithuania

In value terms, sheep and goat meat production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a prominent increase. 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 sheep and goat meat yield in Lithuania reduced modestly to X kg per head, remaining constant against 2021. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The sheep and goat meat yield peaked at X kg per head in 2013; however, from 2014 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for sheep and goat meat production in Lithuania; picking up by X% compared with the year before. Overall, the number of producing animals showed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2017; however, from 2018 to 2022, producing animals failed to regain momentum.

Exports of Sheep And Goat Meat

Exports from Lithuania

In 2022, shipments abroad of sheep and goat meat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, sheep and goat meat exports rose to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for sheep and goat meat exports from Lithuania, accounting for a X% share of total exports. Moreover, sheep and goat 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 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).

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

Estonia, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average sheep and goat meat export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major overseas 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 Sheep And Goat Meat

Imports into Lithuania

In 2022, approx. X tons of sheep and goat meat were imported into Lithuania; growing by X% against the previous year's figure. Overall, total imports indicated a remarkable increase 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 most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports soared to $X in 2022. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Latvia (X tons) were the main suppliers of sheep and goat meat imports to Lithuania, with a combined X% share 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, Latvia ($X), the Netherlands ($X) and Spain ($X) appeared to be the largest sheep and goat meat suppliers to Lithuania, with a combined X% share of total imports.

Spain, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average sheep and goat meat import 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 2017 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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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