Bovine Animals; Live Price in Lithuania - 2023
Contents:
- Bovine Animals; Live Price in Lithuania (FOB) - 2023
- Bovine Animals; Live Price in Lithuania (CIF) - 2023
- Bovine Animals; Live Exports in Lithuania
- Bovine Animals; Live Imports in Lithuania
Bovine Animals; Live Price in Lithuania (FOB) - 2023
The average bovine animals; live export price stood at $646 per unit in September 2023, jumping by 44% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Azerbaijan ($2,126 per unit), while the average price for exports to Poland ($778 per unit) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Bovine Animals; Live Price in Lithuania (CIF) - 2023
In September 2023, the average bovine animals; live import price amounted to $1,099 per unit, rising by 36% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,126 per unit), while the price for Estonia ($607 per unit) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bovine Animals; Live Exports in Lithuania
In 2022, approx. 98K units of bovine animals; lives were exported from Lithuania; waning by -9.4% on the previous year. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 3%. The exports peaked at 114K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, bovine animals; live exports reduced remarkably to $42M in 2022. In general, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 10%. As a result, the exports reached the peak of $51M, and then shrank significantly in the following year.
Export of Bovine Animals; Live in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 17.8 | 14.6 | 19.4 | 19.9 | 3.8% |
Croatia | 8.1 | 6.8 | 9.7 | 9.3 | 4.7% |
Italy | 8.1 | 6.3 | 5.8 | 5.6 | -11.6% |
Romania | 0.9 | 3.1 | 5.8 | 3.3 | 54.2% |
Spain | 2.0 | 1.7 | 1.3 | 1.0 | -20.6% |
Slovenia | 7.5 | 4.0 | 0.2 | 0.2 | -70.1% |
Hungary | N/A | 0.9 | 0.6 | 0.1 | -66.7% |
Others | 2.7 | 9.0 | 8.1 | 2.9 | 2.4% |
Total | 47.1 | 46.3 | 51.0 | 42.3 | -3.5% |
Top Export Markets for Bovine Animals; Live from Lithuania in 2022:
- Poland (54.1K units)
- Italy (18.1K units)
- Croatia (13.3K units)
- Romania (6.2K units)
- Spain (4.4K units)
- Hungary (0.3K units)
- Slovenia (0.2K units)
Bovine Animals; Live Imports in Lithuania
In 2022, after three years of growth, there was significant decline in purchases abroad of bovine animals; lives, when their volume decreased by -7.5% to 34K units. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 45%. Over the period under review, imports attained the maximum at 37K units in 2021, and then declined in the following year.
In value terms, bovine animals; live imports shrank modestly to $26M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 41%. Imports peaked at $27M in 2021, and then declined in the following year.
Import of Bovine Animals; Live in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 10.6 | 12.5 | 14.2 | 17.1 | 17.3% |
Estonia | 3.9 | 5.4 | 5.5 | 6.7 | 19.8% |
Poland | 0.4 | 0.4 | 0.5 | 0.7 | 20.5% |
Others | 0.4 | 3.4 | 6.3 | 1.7 | 62.0% |
Total | 15.3 | 21.6 | 26.5 | 26.2 | 19.6% |
Top Suppliers of Bovine Animals; Live to Lithuania in 2022:
- Latvia (24.2K units)
- Estonia (8.5K units)
- Poland (0.5K units)
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