Spices; Mixtures Price in Lithuania - 2023
Contents:
- Spices; Mixtures Price in Lithuania (CIF) - 2022
- Spices; Mixtures Price in Lithuania (FOB) - 2022
- Spices; Mixtures Imports in Lithuania
- Spices; Mixtures Exports in Lithuania
Spices; Mixtures Price in Lithuania (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $6,759 per ton, growing by 4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 an increase of 17%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 Finland ($10,299 per ton), while the price for Hungary ($3,659 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Lithuania (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $4,454 per ton, declining by -8.7% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 56%. The export price peaked at $4,878 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($10,606 per ton), while the average price for exports to Germany ($2,095 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 (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Lithuania
Spices; mixtures imports into Lithuania rose significantly to 270 tons in 2022, with an increase of 8.2% compared with 2021. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, spices; mixtures imports stood at $1.8M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 800 | 748 | 924 | 897 | 3.9% |
| Estonia | 247 | 291 | 270 | 504 | 26.8% |
| Poland | 231 | 186 | 123 | 159 | -11.7% |
| Netherlands | 17.7 | 44.0 | 77.5 | 78.5 | 64.3% |
| Finland | N/A | N/A | 11.6 | 55.9 | 381.9% |
| Hungary | 35.2 | 50.8 | 64.8 | 49.8 | 12.3% |
| Latvia | 34.5 | 112 | 80.2 | 40.6 | 5.6% |
| India | 9.5 | 9.1 | 18.8 | N/A | 40.7% |
| Others | 50.9 | 54.7 | 53.4 | 39.5 | -8.1% |
| Total | 1,427 | 1,496 | 1,623 | 1,825 | 8.5% |
Top Suppliers of Spices; Mixtures to Lithuania in 2022:
- Germany (124.1 tons)
- Estonia (64.8 tons)
- Poland (40.5 tons)
- Netherlands (14.7 tons)
- Hungary (13.6 tons)
- Finland (5.4 tons)
- Latvia (5.0 tons)
Spices; Mixtures Exports in Lithuania
In 2022, the amount of spices; mixtureses exported from Lithuania dropped to 50 tons, which is down by -4.2% on the year before. In general, exports saw a significant contraction.
In value terms, spices; mixtures exports contracted to $222K in 2022. Over the period under review, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 3%.
| Export of Spices; Mixtures in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 71.2 | 90.1 | 90.8 | 68.9 | -1.1% |
| United Kingdom | 37.8 | 52.2 | 36.2 | 30.0 | -7.4% |
| Ireland | 26.4 | 31.4 | 30.9 | 26.8 | 0.5% |
| Russia | 21.5 | 21.5 | 21.8 | 26.0 | 6.5% |
| Bulgaria | N/A | N/A | 11.4 | 17.4 | 52.6% |
| Germany | 42.9 | 15.9 | 12.3 | 16.4 | -27.4% |
| Estonia | 8.6 | 11.0 | 4.7 | 9.3 | 2.6% |
| Others | 32.3 | 25.8 | 45.9 | 27.4 | -5.3% |
| Total | 241 | 248 | 254 | 222 | -2.7% |
Top Export Markets for Spices; Mixtures from Lithuania in 2022:
- Latvia (24.1 tons)
- Germany (7.8 tons)
- Russia (4.1 tons)
- Estonia (3.3 tons)
- United Kingdom (3.0 tons)
- Ireland (2.5 tons)
- Bulgaria (2.0 tons)
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