Bovine Animals; Live Price in Lithuania - 2023

Contents:

  1. Bovine Animals; Live Price in Lithuania (FOB) - 2023
  2. Bovine Animals; Live Price in Lithuania (CIF) - 2023
  3. Bovine Animals; Live Exports in Lithuania
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Poland17.814.619.419.93.8%
Croatia8.16.89.79.34.7%
Italy8.16.35.85.6-11.6%
Romania0.93.15.83.354.2%
Spain2.01.71.31.0-20.6%
Slovenia7.54.00.20.2-70.1%
HungaryN/A0.90.60.1-66.7%
Others2.79.08.12.92.4%
Total47.146.351.042.3-3.5%

Top Export Markets for Bovine Animals; Live from Lithuania in 2022:

  1. Poland (54.1K units)
  2. Italy (18.1K units)
  3. Croatia (13.3K units)
  4. Romania (6.2K units)
  5. Spain (4.4K units)
  6. Hungary (0.3K units)
  7. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia10.612.514.217.117.3%
Estonia3.95.45.56.719.8%
Poland0.40.40.50.720.5%
Others0.43.46.31.762.0%
Total15.321.626.526.219.6%

Top Suppliers of Bovine Animals; Live to Lithuania in 2022:

  1. Latvia (24.2K units)
  2. Estonia (8.5K units)
  3. Poland (0.5K units)

Source: IndexBox Market Intelligence Platform

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