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Lithuania - Wheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWheat Price in Lithuania - 2023
Contents:
- Wheat Price in Lithuania (FOB) - 2023
- Wheat Price in Lithuania (CIF) - 2023
- Wheat Exports in Lithuania
- Wheat Imports in Lithuania
Wheat Price in Lithuania (FOB) - 2023
In September 2023, the average wheat export price amounted to $279 per ton, picking up by 7% against the previous month. Over the period under review, the export price, however, showed a mild descent. The pace of growth was the most pronounced in April 2023 an increase of 11% against the previous month. The export price peaked at $365 per ton in December 2022; however, from January 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($302 per ton), while the average price for exports to Latvia ($192 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (0.0%), while the prices for the other major destinations experienced a decline.
Wheat Price in Lithuania (CIF) - 2023
In September 2023, the average wheat import price amounted to $494 per ton, increasing by 4.2% against the previous month. Overall, import price indicated a perceptible increase from September 2022 to September 2023: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, wheat import price increased by +4.2% against August 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 28% against the previous month. The import price peaked at $541 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($14,156 per ton), while the price for Latvia ($213 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.9%), while the prices for the other major suppliers experienced a decline.
Wheat Exports in Lithuania
In 2022, overseas shipments of wheat decreased by -3.3% to 3M tons, falling for the second year in a row after two years of growth. In general, exports recorded a slight contraction. The growth pace was the most rapid in 2020 with an increase of 28%. As a result, the exports attained the peak of 4M tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, wheat exports soared to $1B in 2022. The total export value increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 33%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.
Export of Wheat in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | 26.2 | 213 | 237 | 310 | 127.9% |
Latvia | 68.0 | 103 | 94.1 | 109 | 17.0% |
Spain | 40.7 | 34.8 | 136 | 97.6 | 33.9% |
Saudi Arabia | 184 | 46.8 | 32.2 | 94.8 | -19.8% |
Kenya | 12.2 | 7.2 | 27.9 | 60.5 | 70.5% |
Morocco | 7.0 | 7.0 | 8.6 | 45.4 | 86.5% |
South Africa | 90.3 | 34.0 | 101 | 39.5 | -24.1% |
Mozambique | 1.9 | 3.2 | 6.4 | 35.8 | 166.1% |
Senegal | N/A | N/A | 6.2 | 27.0 | 335.5% |
Cote d'Ivoire | N/A | N/A | N/A | 26.0 | 0% |
Sudan | 47.8 | 49.7 | 17.0 | 23.2 | -21.4% |
Indonesia | N/A | N/A | N/A | 19.9 | 0% |
Egypt | N/A | 33.3 | N/A | 19.6 | -23.3% |
Others | 208 | 379 | 161 | 113 | -18.4% |
Total | 686 | 911 | 829 | 1,021 | 14.2% |
Top Export Markets for Wheat from Lithuania in 2022:
- Nigeria (894.1K tons)
- Latvia (401.7K tons)
- Spain (278.0K tons)
- Saudi Arabia (260.0K tons)
- Kenya (177.4K tons)
- Morocco (119.7K tons)
- South Africa (109.2K tons)
- Mozambique (103.0K tons)
- Senegal (71.6K tons)
- Cote d'Ivoire (70.9K tons)
- Sudan (66.0K tons)
- Egypt (65.3K tons)
- Indonesia (59.4K tons)
Wheat Imports in Lithuania
In 2022, purchases abroad of wheat was finally on the rise to reach 168K tons after two years of decline. Overall, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, wheat imports soared to $54M in 2022. Over the period under review, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Wheat in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 20.8 | 4.6 | 8.0 | 22.5 | 2.7% |
Latvia | 6.7 | 9.2 | 4.9 | 13.4 | 26.0% |
Ukraine | 1.6 | N/A | N/A | 8.2 | 72.4% |
Poland | 0.1 | 4.4 | 0.4 | 4.0 | 242.0% |
Russia | 0.2 | 1.5 | 0.2 | 1.8 | 108.0% |
Estonia | 0.1 | 0.3 | 0.7 | 1.6 | 152.0% |
Belarus | N/A | 0.7 | 3.5 | 0.5 | -15.5% |
Denmark | 2.2 | 2.0 | 0.9 | 0.1 | -64.3% |
Others | 2.2 | 1.6 | 0.7 | 1.9 | -4.8% |
Total | 34.0 | 24.2 | 19.2 | 54.0 | 16.7% |
Top Suppliers of Wheat to Lithuania in 2022:
- Sweden (65.6K tons)
- Latvia (49.5K tons)
- Ukraine (25.8K tons)
- Poland (11.6K tons)
- Russia (7.3K tons)
- Estonia (4.1K tons)
- Belarus (2.3K tons)
- Denmark (0.5K tons)
This report provides an in-depth analysis of the wheat market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 15 - Wheat
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the wheat market in Lithuania.
This report provides an in-depth analysis of the cereal market in Lithuania.
This report provides an in-depth analysis of the grain market in Lithuania.
This report provides an in-depth analysis of the grain market in Lithuania.
This report provides an in-depth analysis of the durum wheat market in Lithuania.
This report provides an in-depth analysis of the global wheat market.
This report provides an in-depth analysis of the global cereal market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the global durum wheat market.
Explore the forecasted growth of the global wheat market over the next seven years, driven by increasing demand worldwide. Market volume is expected to reach 890M tons by 2030, with a market value projected to reach $343.8B.
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In 2022, wheat price growth is forecast to slow down with sufficient global production and falling demand for feed grains in the U.S. and the EU. Global wheat output is set to remain at the 2021’s level of approx. 777M tons.
The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.
This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.
Global wheat production will reach 758.3 million tons in 2020, showing a slight decrease of 0.5 percent over the previous year's highs and still at a fairly high level.
Global wheat consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
In 2015, the countries with the highest levels of production were China (X thousand tons), India (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
The U.S. dominates in the global wheat trade. In 2014, the U.S. exported X thousand tons of wheat totaling X million USD, X% under the previous year. Its primary trading partner was Japan, where it supplied X% of its total wheat exports in
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