Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Lithuania - 2023

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Lithuania (FOB) - 2022
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Lithuania (CIF) - 2023
3. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Lithuania
4. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Lithuania

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Lithuania (FOB) - 2022

In 2022, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $4,999 per ton, increasing by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($5,643 per ton) and Croatia ($5,260 per ton), while the average price for exports to Denmark ($4,617 per ton) and Poland ($4,633 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Lithuania (CIF) - 2023

The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $2,933 per ton in October 2023, therefore, remained relatively stable against the previous month. In general, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in January 2023 an increase of 43% month-to-month. Over the period under review, average import prices hit record highs at $22,336 per ton in May 2023; however, from June 2023 to October 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($19,162 per ton), while the price for Poland ($2,788 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the prices for the other major suppliers experienced a decline.

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Lithuania

For the third year in a row, Lithuania recorded decline in overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat, which decreased by -40.2% to 1.9K tons in 2022. In general, exports continue to indicate a dramatic downturn. The smallest decline of -16.6% was in 2020.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat reduced rapidly to $9.5M in 2022. Over the period under review, exports saw a precipitous slump. The smallest decline of -17.1% was in 2020.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Lithuania in 2022:

1. Germany (486.4 tons)
2. Netherlands (429.3 tons)
3. Denmark (403.0 tons)
4. Italy (321.3 tons)
5. Poland (199.7 tons)
6. Croatia (60.7 tons)
7. Slovenia (6.8 tons)

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Lithuania

In 2022, imports of fresh or chilled carcasses and half-carcasses of bovine meat into Lithuania soared to 31 tons, jumping by 355% compared with the previous year's figure. Overall, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat skyrocketed to $266K in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Lithuania in 2022:

1. Latvia (20.9 tons)
2. Netherlands (5.3 tons)
3. Germany (5.1 tons)

Source: IndexBox Market Intelligence Platform