Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (FOB) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (CIF) - 2022
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (FOB) - 2022
In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,785 per ton, picking up by 28% against the previous year. Overall, the export price showed a measured expansion. The most prominent rate of growth was recorded in 2018 an increase of 227% against the previous year. As a result, the export price reached the peak level of $13,998 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($14,702 per ton), while the average price for exports to Denmark ($4,463 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 (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,416 per ton, reducing by -15.8% against the previous year. Overall, the import price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2020 an increase of 230% against the previous year. The import price peaked at $11,618 per ton in 2016; however, from 2017 to 2022, 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 Poland ($8,894 per ton), while the price for Latvia ($3,166 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania
In 2022, approx. 91 tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were exported from Lithuania; falling by -63.7% on 2021 figures. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,737%. As a result, the exports attained the peak of 252 tons, and then fell dramatically in the following year.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat dropped notably to $438K in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 949%. As a result, the exports attained the peak of $946K, and then reduced rapidly in the following year.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | 798 | 395 | -50.5% |
| Latvia | 34.9 | 54.0 | 14.1 | 22.5 | -13.6% |
| Cote d'Ivoire | 12.2 | N/A | N/A | N/A | 0% |
| China | N/A | N/A | 99.1 | N/A | 0% |
| Others | 28.2 | 36.1 | 34.3 | 20.1 | -10.7% |
| Total | 75.2 | 90.1 | 946 | 438 | 79.9% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Lithuania in 2022:
- Denmark (88.5 tons)
- Latvia (1.5 tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Lithuania surged to 47 tons, rising by 119% compared with 2021. Overall, imports, however, saw a sharp decrease.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $252K in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 139 | 118 | 93.7 | 123 | -4.0% |
| Latvia | 35.7 | 31.7 | 42.6 | 75.1 | 28.1% |
| Estonia | N/A | 1.5 | N/A | 53.7 | 498.3% |
| Germany | 154 | 0.8 | N/A | N/A | -99.5% |
| Portugal | 45.7 | N/A | N/A | N/A | 0% |
| Others | 3.5 | 1.7 | 0.3 | N/A | -70.7% |
| Total | 379 | 154 | 137 | 252 | -12.7% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Lithuania in 2022:
- Latvia (23.7 tons)
- Poland (13.9 tons)
- Estonia (9.0 tons)
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