Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania - 2023
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania (CIF) - 2023
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania (FOB) - 2022
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania (CIF) - 2023
In September 2023, the average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $4,644 per ton, surging by 8.9% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 39% against the previous month. As a result, import price reached the peak level of $5,926 per ton. From June 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($13,782 per ton), while the price for Spain ($3,102 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Latvia (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania (FOB) - 2022
In 2022, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $4,589 per ton, declining by -4.1% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. The export price peaked at $4,786 per ton in 2021, and then shrank modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($12,983 per ton), while the average price for exports to Latvia ($3,211 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 Germany (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania
For the fourth consecutive year, Lithuania recorded growth in overseas purchases of mollusc preparations; cuttle fish and squid, prepared or preserveds, which increased by 2.5% to 372 tons in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $1.5M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 408 | 535 | 752 | 766 | 23.4% |
| Latvia | 137 | 127 | 161 | 187 | 10.9% |
| Vietnam | 18.9 | 107 | 109 | 183 | 113.1% |
| Estonia | 89.1 | 83.1 | 101 | 170 | 24.0% |
| Italy | 5.5 | 27.0 | 140 | 143 | 196.2% |
| Netherlands | N/A | 0.8 | 2.9 | 45.6 | 655.0% |
| Denmark | 21.1 | 50.1 | 40.1 | 32.1 | 15.0% |
| Belgium | 65.5 | 94.5 | 31.3 | N/A | -30.9% |
| Others | 29.9 | 51.1 | 38.7 | 8.0 | -35.6% |
| Total | 775 | 1,076 | 1,376 | 1,535 | 25.6% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Lithuania in 2022:
- Spain (245.9 tons)
- Estonia (40.2 tons)
- Vietnam (33.8 tons)
- Latvia (21.5 tons)
- Italy (16.4 tons)
- Netherlands (6.5 tons)
- Denmark (6.2 tons)
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania
For the fourth year in a row, Lithuania recorded growth in overseas shipments of mollusc preparations; cuttle fish and squid, prepared or preserveds, which increased by 24% to 114 tons in 2022. The total export volume increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds skyrocketed to $523K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 28%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 110 | 120 | 153 | 157 | 12.6% |
| United Kingdom | 28.6 | 54.5 | 155 | 153 | 74.9% |
| Estonia | 33.8 | 68.3 | 39.9 | 41.1 | 6.7% |
| North Macedonia | 12.5 | 17.7 | 9.5 | 41.1 | 48.7% |
| Bosnia and Herzegovina | 17.7 | 29.1 | 11.3 | 40.8 | 32.1% |
| Montenegro | 7.8 | 12.3 | 10.4 | 37.0 | 68.0% |
| Bulgaria | 31.7 | 16.8 | 9.0 | 22.7 | -10.5% |
| Croatia | 38.6 | 8.1 | 26.2 | 12.9 | -30.6% |
| Others | 14.4 | 49.7 | 24.2 | 16.3 | 4.2% |
| Total | 295 | 377 | 439 | 523 | 21.0% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Lithuania in 2022:
- Latvia (49.0 tons)
- Estonia (12.3 tons)
- United Kingdom (11.8 tons)
- Bosnia and Herzegovina (11.8 tons)
- North Macedonia (10.3 tons)
- Montenegro (8.2 tons)
- Bulgaria (5.6 tons)
- Croatia (3.2 tons)
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