Price for Meat of Bovine Animals; Fresh or Chilled in Lithuania - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Lithuania (FOB) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Lithuania (CIF) - 2022
- Exports of Meat of Bovine Animals; Fresh or Chilled in Lithuania
- Imports of Meat of Bovine Animals; Fresh or Chilled in Lithuania
Price for Meat of Bovine Animals; Fresh or Chilled in Lithuania (FOB) - 2022
The average export price for meat of bovine animals; fresh or chilled stood at $5,340 per ton in 2022, increasing by 16% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 17% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($6,443 per ton), while the average price for exports to Poland ($4,171 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 the Netherlands (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Lithuania (CIF) - 2022
In 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $4,406 per ton, surging by 19% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 46% against the previous year. The import price peaked at $8,026 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 Latvia ($14,259 per ton), while the price for Denmark ($3,768 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+14.8%), while the prices for the other major suppliers experienced a decline.
Exports of Meat of Bovine Animals; Fresh or Chilled in Lithuania
In 2022, approx. 22K tons of meat of bovine animals; fresh or chilled were exported from Lithuania; surging by 3.8% compared with the previous year. The total export volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.4%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of meat of bovine animals; fresh or chilled soared to $115M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Meat of Bovine Animals; Fresh or Chilled in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 20.5 | 15.7 | 18.9 | 23.9 | 5.2% |
| Sweden | 15.6 | 17.4 | 21.4 | 23.4 | 14.5% |
| Netherlands | 15.0 | 13.7 | 16.9 | 22.4 | 14.3% |
| Denmark | 10.2 | 11.4 | 10.6 | 13.3 | 9.2% |
| Germany | 0.8 | 2.2 | 6.7 | 9.0 | 124.1% |
| Latvia | 2.8 | 3.1 | 4.5 | 5.8 | 27.5% |
| Poland | 2.2 | 1.6 | 2.2 | 4.3 | 25.0% |
| Slovenia | 3.1 | 2.0 | 1.5 | 1.0 | -31.4% |
| Others | 9.0 | 7.9 | 12.3 | 11.8 | 9.4% |
| Total | 79.3 | 74.9 | 95.2 | 115 | 13.2% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Lithuania in 2022:
- Netherlands (4.8K tons)
- Italy (4.5K tons)
- Sweden (3.6K tons)
- Denmark (2.9K tons)
- Germany (1.8K tons)
- Poland (1.0K tons)
- Latvia (0.9K tons)
- Slovenia (0.2K tons)
Imports of Meat of Bovine Animals; Fresh or Chilled in Lithuania
For the fourth consecutive year, Lithuania recorded growth in overseas purchases of meat of bovine animals; fresh or chilled, which increased by 31% to 6.5K tons in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 53%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of meat of bovine animals; fresh or chilled skyrocketed to $29M in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 74%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Meat of Bovine Animals; Fresh or Chilled in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.2 | 7.0 | 12.8 | 20.4 | 48.7% |
| Denmark | 0.6 | 1.6 | 3.0 | 5.0 | 102.7% |
| Latvia | 1.1 | 0.7 | 1.1 | 1.4 | 8.4% |
| Netherlands | 0.7 | 0.4 | 0.6 | 1.1 | 16.3% |
| Hungary | 0.3 | 0.4 | 0.2 | 0.1 | -30.7% |
| Others | 0.2 | 0.4 | 0.7 | 0.7 | 51.8% |
| Total | 9.2 | 10.6 | 18.4 | 28.7 | 46.1% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Lithuania in 2022:
- Poland (4.9K tons)
- Denmark (1.3K tons)
- Netherlands (0.1K tons)
- Latvia (0.1K tons)
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