Lithuania: Canned Meat Market 2024

Canned Meat Market Size in Lithuania

In 2022, the Lithuanian canned meat market increased by X% to $X, rising for the third year in a row after three years of decline. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Canned meat consumption peaked in 2022 and is expected to retain growth in the immediate term.

Canned Meat Production in Lithuania

In value terms, canned meat production rose significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Canned meat production peaked in 2022 and is likely to see steady growth in the immediate term.

Canned Meat Exports

Exports from Lithuania

In 2022, the amount of canned meat exported from Lithuania shrank slightly to X tons, dropping by X% on 2021 figures. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned meat exports rose significantly to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Latvia (X tons), Denmark (X tons) and France (X tons) were the main destinations of canned meat exports from Lithuania, with a combined X% share of total exports. Estonia, the Netherlands, Sweden, the UK, Japan, Germany, Ukraine and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Denmark ($X) and Estonia ($X) constituted the largest markets for canned meat exported from Lithuania worldwide, together accounting for X% of total exports. France, the Netherlands, the UK, Sweden, Japan, Ukraine, Germany and Russia lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

In 2022, the average canned meat export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

Canned Meat Imports

Imports into Lithuania

In 2022, purchases abroad of canned meat increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, canned meat imports surged to $X in 2022. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of canned meat to Lithuania, with a X% share of total imports. Moreover, canned meat imports from Poland exceeded the figures recorded by the second-largest supplier, Latvia (X tons), threefold. The third position in this ranking was held by Estonia (X tons), with a X% share.

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

In value terms, Poland ($X) constituted the largest supplier of canned meat to Lithuania, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by Estonia, with an X% share.

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

Import Prices by Country

The average canned meat import price stood at $X per ton in 2022, rising 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 appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain 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 ($X per ton), while the price for Hungary ($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

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