Price for Frozen Boneless Cuts of Bovine Meat in Lithuania - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Lithuania (FOB) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Lithuania (CIF) - 2023
- Exports of Frozen Boneless Cuts of Bovine Meat in Lithuania
- Imports of Frozen Boneless Cuts of Bovine Meat in Lithuania
Price for Frozen Boneless Cuts of Bovine Meat in Lithuania (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $6,125 per ton in October 2023, flattening at the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 8.1% against the previous month. As a result, the export price attained the peak level of $6,980 per ton. From May 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($6,739 per ton), while the average price for exports to Poland ($1,577 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Frozen Boneless Cuts of Bovine Meat in Lithuania (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $5,646 per ton in October 2023, increasing by 2.3% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 16% month-to-month. The import price peaked at $6,712 per ton in July 2023; however, from August 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Sweden ($14,337 per ton), while the price for Poland ($4,556 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 Sweden (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Lithuania
After three years of growth, overseas shipments of frozen boneless cuts of bovine meat decreased by -4.9% to 9.9K tons in 2022. The total export volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. As a result, the exports attained the peak of 10K tons, and then reduced in the following year.
In value terms, exports of frozen boneless cuts of bovine meat surged to $60M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +61.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Frozen Boneless Cuts of Bovine Meat in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 10.1 | 10.6 | 13.4 | 18.4 | 22.1% |
| Latvia | 6.2 | 7.4 | 8.9 | 11.9 | 24.3% |
| Greece | 2.5 | 2.4 | 3.8 | 6.9 | 40.3% |
| Estonia | 7.2 | 7.7 | 5.8 | 6.3 | -4.4% |
| Georgia | N/A | 1.2 | 3.8 | 4.5 | 93.6% |
| Netherlands | 0.5 | 0.7 | 0.8 | 1.6 | 47.4% |
| Denmark | 1.4 | 1.1 | 1.4 | 1.6 | 4.6% |
| Finland | 2.2 | 1.2 | 1.0 | 1.4 | -14.0% |
| Sweden | 1.2 | 1.0 | 0.6 | 1.3 | 2.7% |
| Germany | 0.7 | 0.4 | 0.8 | 1.3 | 22.9% |
| Poland | 0.5 | 0.4 | 0.5 | 1.2 | 33.9% |
| Ukraine | 2.6 | 2.2 | 1.9 | 0.7 | -35.4% |
| Others | 2.0 | 3.3 | 6.2 | 2.5 | 7.7% |
| Total | 37.0 | 39.6 | 48.8 | 59.6 | 17.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Lithuania in 2022:
- Romania (3014.2 tons)
- Latvia (1922.7 tons)
- Greece (1078.1 tons)
- Estonia (1046.7 tons)
- Georgia (742.5 tons)
- Netherlands (300.3 tons)
- Denmark (289.2 tons)
- Finland (250.7 tons)
- Poland (233.4 tons)
- Germany (200.9 tons)
- Sweden (196.9 tons)
- Ukraine (158.2 tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Lithuania
In 2022, supplies from abroad of frozen boneless cuts of bovine meat decreased by -17.8% to 2.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of 3.2K tons, and then declined rapidly in the following year.
In value terms, imports of frozen boneless cuts of bovine meat rose remarkably to $16M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 +69.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Frozen Boneless Cuts of Bovine Meat in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 5.6 | 5.5 | 7.9 | 7.6 | 10.7% |
| Latvia | 2.4 | 2.8 | 3.7 | 5.2 | 29.4% |
| Netherlands | 0.4 | 0.2 | 0.6 | 1.0 | 35.7% |
| China | N/A | N/A | N/A | 0.8 | 0% |
| Germany | 0.3 | 0.1 | 0.5 | 0.2 | -12.6% |
| Others | 0.8 | 1.0 | 1.9 | 1.1 | 11.2% |
| Total | 9.4 | 9.8 | 14.6 | 15.9 | 19.1% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Lithuania in 2022:
- Poland (1343.7 tons)
- Latvia (861.0 tons)
- China (123.6 tons)
- Netherlands (69.4 tons)
- Germany (53.7 tons)
747
This report provides an in-depth analysis of the beef market in Lithuania.
4512
This report provides an in-depth analysis of the global beef market.
1035
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
589
Global Frozen Beef Carcase Market Report 2018. This report provides an in-depth analysis of the global frozen beef carcase market.
707
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
877
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1914
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1392
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
4155
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1856
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2058
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1207
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1306
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
