Lithuania: Green Peas Market 2024

Green Peas Market Size in Lithuania

For the third year in a row, the Lithuanian green peas market recorded decline in sales value, which decreased by X% to $X in 2023. Overall, consumption recorded a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Green Peas Production in Lithuania

In value terms, green peas production expanded markedly to $X in 2023 estimated in export price. Over the period under review, production saw a noticeable decline. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

The average yield of peas (green) in Lithuania shrank significantly to X tons per ha in 2023, which is down by X% compared with the year before. Overall, the yield recorded a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2023, the growth of the average green peas yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of peas (green) in Lithuania surged to X ha, growing by X% compared with the previous year. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to green peas production reached the peak figure at X ha in 2021; however, from 2022 to 2023, the harvested area failed to regain momentum.

Green Peas Exports

Exports from Lithuania

In 2023, green peas exports from Lithuania reduced notably to X tons, which is down by X% on the year before. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, green peas exports dropped notably to $X in 2023. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for green peas exports from Lithuania, accounting for a X% share of total exports. Moreover, green peas exports to Latvia exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, Latvia ($X) remains the key foreign market for peas (green) exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

The average green peas export price stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Lithuania

In 2023, green peas imports into Lithuania reduced notably to X tons, dropping by X% on the previous year. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, green peas imports rose sharply to $X in 2023. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Estonia (X tons), Poland (X tons) and the Netherlands (X tons) were the main suppliers of green peas imports to Lithuania, together comprising X% of total imports. Italy, Latvia and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest green peas suppliers to Lithuania were the Netherlands ($X), Belgium ($X) and Italy ($X), together accounting for X% of total imports.

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

Import Prices by Country

In 2023, the average green peas import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform