Frozen Catfish Price in Lithuania - 2023
Contents:
- Frozen Catfish Price in Lithuania (CIF) - 2022
- Frozen Catfish Price in Lithuania (FOB) - 2022
- Frozen Catfish Imports in Lithuania
- Frozen Catfish Exports in Lithuania
Frozen Catfish Price in Lithuania (CIF) - 2022
The average frozen catfish import price stood at $2,545 per ton in 2022, with an increase of 3.5% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen catfish import price decreased by -5.4% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 35% against the previous year. As a result, import price attained the peak level of $2,689 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($2,540 per ton), while the price for Latvia amounted to $2,425 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%).
Frozen Catfish Price in Lithuania (FOB) - 2022
The average frozen catfish export price stood at $3,429 per ton in 2022, surging by 45% against the previous year. Overall, the export price posted a tangible increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Poland.
From 2012 to 2022, the rate of growth in terms of prices for Moldova amounted to +1.8% per year.
Frozen Catfish Imports in Lithuania
In 2022, the amount of frozen catfish imported into Lithuania soared to 20 tons, growing by 258% on 2021. Overall, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 290% against the previous year.
In value terms, frozen catfish imports surged to $50K in 2022. Over the period under review, imports, however, recorded a deep reduction.
| Import of Frozen Catfish in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 63.5 | N/A | N/A | 45.1 | -10.8% |
| Latvia | 0.5 | 3.8 | 13.5 | 4.3 | 104.9% |
| Others | 1.1 | N/A | N/A | 0.6 | -18.3% |
| Total | 65.2 | 3.8 | 13.5 | 50.0 | -8.5% |
Top Suppliers of Frozen Catfish to Lithuania in 2022:
- Vietnam (17.8 tons)
- Latvia (1.8 tons)
Frozen Catfish Exports in Lithuania
In 2022, approx. 21 kg of frozen catfish were exported from Lithuania; waning by -99.9% against the previous year. In general, exports faced a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 543% against the previous year. As a result, the exports reached the peak of 28 tons, and then plummeted in the following year.
In value terms, frozen catfish exports fell rapidly to $72 in 2022. Overall, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 775%. As a result, the exports attained the peak of $67K, and then fell sharply in the following year.
| Export of Frozen Catfish in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 0.1 | 0% |
| Latvia | 1.2 | 3.8 | 13.6 | N/A | 236.7% |
| Moldova | 27.5 | 3.9 | N/A | N/A | -85.8% |
| Estonia | N/A | N/A | 53.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 28.7 | 7.6 | 66.7 | 0.1 | -84.8% |
Top Export Markets for Frozen Catfish from Lithuania in 2022:
- Poland (21.0 kg)
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