Lithuania: Market for Swine Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Swine Bellies (Salted, in Brine, Dried or Smoked) in Lithuania

The Lithuanian market for swine bellies (salted, in brine, dried or smoked) fell to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption continues to indicate a drastic downturn. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Swine Bellies (Salted, in Brine, Dried or Smoked) in Lithuania

In value terms, production of swine bellies (salted, in brine, dried or smoked) dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production faced a significant contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Exports from Lithuania

In 2022, after ten years of growth, there was decline in overseas shipments of swine bellies (salted, in brine, dried or smoked), when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then shrank modestly in the following year.

In value terms, exports of swine bellies (salted, in brine, dried or smoked) reduced to $X in 2022. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The UK (X tons) was the main destination for exports of swine bellies (salted, in brine, dried or smoked) from Lithuania, with a X% share of total exports. Moreover, exports of swine bellies (salted, in brine, dried or smoked) to the UK exceeded the volume sent to the second major destination, Ireland (X tons), eightfold. Latvia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Latvia (X% per year).

In value terms, the UK ($X) remains the key foreign market for swine bellies (salted, in brine, dried or smoked) exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Latvia (X% per year).

Export Prices by Country

The average export price for swine bellies (salted, in brine, dried or smoked) stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Latvia ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Imports into Lithuania

Imports of swine bellies (salted, in brine, dried or smoked) into Lithuania fell to X tons in 2022, waning by X% on the year before. In general, imports, however, posted a measured expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of swine bellies (salted, in brine, dried or smoked) amounted to $X in 2022. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of salted, dried, or smoked swine bellies to Lithuania, accounting for a X% share of total imports. Moreover, imports of swine bellies (salted, in brine, dried or smoked) from Poland exceeded the figures recorded by the second-largest supplier, Estonia (X tons), twofold. Latvia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Latvia (X% per year).

In value terms, the largest salted, dried, or smoked swine bellies suppliers to Lithuania were Poland ($X), Estonia ($X) and Latvia ($X), together accounting for X% of total imports.

Among the main suppliers, Estonia, with a CAGR of X%, recorded the highest growth rate of 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

The average import price for swine bellies (salted, in brine, dried or smoked) stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform