Lithuania: Dry Bean Market 2024

Dry Bean Market Size in Lithuania

In 2023, the Lithuanian dry bean market decreased by less than X% to $X for the first time since 2019, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a significant expansion. Dry bean consumption peaked at $X in 2022, and then declined in the following year.

Dry Bean Production in Lithuania

In value terms, dry bean production shrank slightly to $X in 2023 estimated in export price. In general, production saw significant growth. The growth pace was the most rapid in 2014 when the production volume increased by X%. Dry bean production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

In 2023, the average dry bean yield in Lithuania declined modestly to X tons per ha, falling by X% on 2022 figures. In general, the yield, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2014 when the yield increased by X% against the previous year. Over the period under review, the average dry bean yield reached the maximum level at X tons per ha in 2015; however, from 2016 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of beans (dry) production in Lithuania expanded to X ha, increasing by X% against the year before. Over the period under review, the harvested area enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to dry bean production reached the peak figure at X ha in 2021; however, from 2022 to 2023, the harvested area stood at a somewhat lower figure.

Dry Bean Exports

Exports from Lithuania

In 2023, approx. X tons of beans (dry) were exported from Lithuania; surging by X% compared with 2022 figures. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, dry bean exports totaled $X in 2023. Over the period under review, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Austria (X tons) was the main destination for dry bean exports from Lithuania, with a X% share of total exports. Moreover, dry bean exports to Austria exceeded the volume sent to the second major destination, Poland (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

In value terms, the largest markets for dry bean exported from Lithuania were Austria ($X), Germany ($X) and Poland ($X), with a combined X% share of total exports. Latvia, the Netherlands, Belarus, Estonia, the UK and Sweden lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 dry bean export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Bean Imports

Imports into Lithuania

In 2023, after two years of growth, there was significant decline in supplies from abroad of beans (dry), when their volume decreased by X% to X tons. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, dry bean imports shrank remarkably to $X in 2023. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2022, and then declined dramatically in the following year.

Imports by Country

In 2023, Latvia (X tons) constituted the largest dry bean supplier to Lithuania, with a X% share of total imports. Moreover, dry bean imports from Latvia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Latvia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Ukraine (X% per year).

In value terms, Latvia ($X), the Netherlands ($X) and Argentina ($X) constituted the largest dry bean suppliers to Lithuania, with a combined X% share of total imports.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dry bean import price stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price, however, showed a mild reduction. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform