Lithuania - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Feed Price in Lithuania - 2023
Contents:
- Animal Feed Price in Lithuania (CIF) - 2023
- Animal Feed Price in Lithuania (FOB) - 2022
- Animal Feed Imports in Lithuania
- Animal Feed Exports in Lithuania
Animal Feed Price in Lithuania (CIF) - 2023
The average animal feed import price stood at $807 per ton in September 2023, picking up by 11% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 30% m-o-m. The import price peaked at $947 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($1,744 per ton), while the price for Latvia ($478 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Estonia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Animal Feed Price in Lithuania (FOB) - 2022
The average animal feed export price stood at $423 per ton in 2022, jumping by 24% against the previous year. In general, the export price, however, recorded a perceptible contraction. Over the period under review, the average export prices hit record highs at $578 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($2,506 per ton), while the average price for exports to the UK ($217 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 the Netherlands (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Animal Feed Imports in Lithuania
Animal feed imports into Lithuania expanded notably to 137K tons in 2022, increasing by 11% compared with 2021. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, animal feed imports soared to $108M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Animal Feed in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 13.5 | 15.0 | 18.6 | 32.1 | 33.5% |
Latvia | 4.7 | 7.2 | 17.6 | 21.5 | 66.0% |
Denmark | 9.8 | 9.3 | 10.6 | 12.8 | 9.3% |
Germany | 6.3 | 8.5 | 8.9 | 9.4 | 14.3% |
Netherlands | 6.5 | 4.4 | 4.1 | 5.1 | -7.8% |
China | 6.2 | 4.1 | 2.3 | 2.1 | -30.3% |
Estonia | 2.0 | 1.2 | 1.3 | 1.4 | -11.2% |
Hungary | 15.7 | 0.4 | 0.8 | 1.4 | -55.3% |
Russia | 1.2 | 0.9 | 1.1 | 0.9 | -9.1% |
Others | 15.9 | 16.3 | 18.1 | 21.2 | 10.1% |
Total | 81.7 | 67.2 | 83.4 | 108 | 9.7% |
Top Suppliers of Animal Feed to Lithuania in 2022:
- Poland (52.0K tons)
- Latvia (46.1K tons)
- Denmark (9.4K tons)
- Germany (7.2K tons)
- Estonia (3.4K tons)
- Netherlands (3.1K tons)
- Russia (2.8K tons)
- China (1.5K tons)
- Hungary (0.5K tons)
Animal Feed Exports in Lithuania
In 2022, the amount of animal and pet feed exported from Lithuania rose rapidly to 184K tons, growing by 11% on 2021. The total export volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, animal feed exports surged to $78M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Animal Feed in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 8.4 | 9.1 | 13.3 | 12.8 | 15.1% |
Ireland | 1.9 | 2.7 | 3.3 | 11.8 | 83.8% |
Latvia | 10.3 | 11.9 | 10.7 | 11.7 | 4.3% |
Poland | 10.2 | 7.6 | 6.6 | 8.3 | -6.6% |
Estonia | 2.2 | 2.1 | 2.5 | 3.7 | 18.9% |
Denmark | 3.6 | 2.3 | 2.3 | 3.3 | -2.9% |
United Kingdom | 1.0 | 4.8 | 4.6 | 2.1 | 28.1% |
Others | 16.7 | 15.0 | 12.9 | 23.8 | 12.5% |
Total | 54.3 | 55.3 | 56.3 | 77.6 | 12.6% |
Top Export Markets for Animal Feed from Lithuania in 2022:
- Germany (53.3K tons)
- Ireland (43.7K tons)
- Latvia (22.9K tons)
- Poland (19.4K tons)
- Denmark (14.5K tons)
- United Kingdom (9.8K tons)
- Estonia (5.8K tons)
This report provides an in-depth analysis of the animal feed market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10911010 - Premixtures for farm animal feeds
- Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
- Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
- Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
- Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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