Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Lithuania - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Lithuania (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Lithuania (FOB) - 2023
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Lithuania
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Lithuania

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Lithuania (CIF) - 2022

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,817 per ton, growing by 23% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for liquid margarine and edible mixtures of animal or vegetable fats increased by +84.6% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($4,156 per ton), while the price for Poland ($1,944 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Lithuania (FOB) - 2023

In October 2023, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,960 per ton, with a decrease of -22.5% against the previous month. Overall, the export price recorded a pronounced downturn. The growth pace was the most rapid in April 2023 when the average export price increased by 127% month-to-month. Over the period under review, the average export prices hit record highs at $5,923 per ton in November 2022; however, from December 2022 to October 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Russia ($4,328 per ton), while the average price for exports to Denmark ($1,407 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Lithuania

In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into Lithuania expanded significantly to 3.1K tons, increasing by 14% on 2021 figures. The total import volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $8.8M in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Lithuania in 2022:

1. Poland (954.7 tons)
2. Netherlands (653.4 tons)
3. Estonia (486.9 tons)
4. Sweden (242.9 tons)
5. Belgium (241.3 tons)
6. Latvia (163.8 tons)
7. Germany (133.3 tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Lithuania

In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats exported from Lithuania surged to 1K tons, rising by 67% against 2021. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $3.7M in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Lithuania in 2022:

1. Estonia (336.2 tons)
2. Latvia (234.9 tons)
3. Russia (193.7 tons)
4. Finland (111.0 tons)
5. Sweden (75.1 tons)
6. Georgia (30.0 tons)
7. Kazakhstan (22.1 tons)

Source: IndexBox Market Intelligence Platform