Lithuania: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Lithuania

In 2022, the Lithuanian preserved fish fillet market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption recorded a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Preserved Fish Fillet Production in Lithuania

In value terms, preserved fish fillet production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

Preserved Fish Fillet Exports

Exports from Lithuania

In 2022, after three years of growth, there was significant decline in overseas shipments of fish fillets (dried, salted or in brine, but not smoked), when their volume decreased by X% to X tons. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, preserved fish fillet exports expanded remarkably to $X in 2022. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

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

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

In value terms, Latvia ($X) remains the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, 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: Estonia (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The average preserved fish fillet export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 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 Bulgaria ($X per ton), while the average price for exports to Germany ($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 Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports into Lithuania

In 2022, overseas purchases of fish fillets (dried, salted or in brine, but not smoked) decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, preserved fish fillet imports fell notably to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

Poland (X tons), Latvia (X tons) and Belarus (X tons) were the main suppliers of preserved fish fillet imports to Lithuania, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved fish fillet suppliers to Lithuania were Latvia ($X), Belarus ($X) and Estonia ($X), together comprising X% of total imports.

Belarus, 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

In 2022, the average preserved fish fillet import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, posted a modest expansion. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Estonia ($X per ton), while the price for Denmark ($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 a decline.

Source: IndexBox Platform

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