Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Lithuania - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Lithuania (FOB) - 2023
2. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Lithuania (CIF) - 2022
3. Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Lithuania
4. Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Lithuania

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Lithuania (FOB) - 2023

The average export price for offal, edible; of bovine animals, fresh or chilleds stood at $3,969 per ton in October 2023, with an increase of 38% against the previous month. Over the period under review, export price indicated a perceptible expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for offal, edible; of bovine animals, fresh or chilleds increased by +38.4% against September 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 50% against the previous month. Over the period under review, the average export prices hit record highs at $4,462 per ton in July 2023; however, from August 2023 to October 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($9,758 per ton), while the average price for exports to Estonia ($2,303 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 the Czech Republic (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Lithuania (CIF) - 2022

The average import price for offal, edible; of bovine animals, fresh or chilleds stood at $4,962 per ton in 2022, growing by 39% against the previous year. In general, the import price showed a prominent expansion. The growth pace was the most rapid in 2014 an increase of 58% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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 Latvia ($7,853 per ton), while the price for the Netherlands ($1,906 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Lithuania

In 2022, the amount of offal, edible; of bovine animals, fresh or chilleds exported from Lithuania rose significantly to 757 tons, surging by 9.9% against the year before. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed 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 offal, edible; of bovine animals, fresh or chilleds rose sharply to $2.1M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Lithuania in 2022:

1. Latvia (384.6 tons)
2. Italy (154.1 tons)
3. Poland (75.7 tons)
4. Sweden (42.0 tons)
5. France (38.5 tons)
6. Estonia (32.5 tons)
7. Netherlands (6.9 tons)
8. Denmark (0.3 tons)

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Lithuania

After two years of decline, overseas purchases of offal, edible; of bovine animals, fresh or chilleds increased by 40% to 36 tons in 2022. In general, imports, however, showed a abrupt shrinkage.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds surged to $181K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern.

Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Lithuania in 2022:

1. Poland (24.9 tons)
2. Estonia (7.6 tons)
3. Netherlands (3.0 tons)
4. Latvia (0.9 tons)

Source: IndexBox Market Intelligence Platform