Lithuania - Dried Or Salted Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Dried or Salted Fish in Lithuania - 2023
Contents:
- Price for Dried or Salted Fish in Lithuania (FOB) - 2023
- Price for Dried or Salted Fish in Lithuania (CIF) - 2023
- Exports of Dried or Salted Fish in Lithuania
- Imports of Dried or Salted Fish in Lithuania
Price for Dried or Salted Fish in Lithuania (FOB) - 2023
In September 2023, the average dried or salted fish export price amounted to $9,971 per ton, reducing by -3.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 41% against the previous month. The export price peaked at $10,292 per ton in August 2023, and then declined slightly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($11,652 per ton), while the average price for exports to Slovakia ($3,802 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 the United States (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Dried or Salted Fish in Lithuania (CIF) - 2023
In September 2023, the average dried or salted fish import price amounted to $4,256 per ton, with a decrease of -12.4% against the previous month. In general, import price indicated a moderate expansion from September 2022 to September 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, dried or salted fish import price decreased by -13.6% against June 2023 indices. The pace of growth was the most pronounced in June 2023 when the average import price increased by 37% m-o-m. As a result, import price attained the peak level of $4,926 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($14,311 per ton), while the price for Poland ($2,837 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 Latvia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Dried or Salted Fish in Lithuania
In 2022, after three years of growth, there was significant decline in shipments abroad of dried or salted fish, when their volume decreased by -16.5% to 475 tons. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 10%.
In value terms, dried or salted fish exports fell to $3.7M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +55.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 45%. As a result, the exports reached the peak of $4M, and then reduced in the following year.
Export of Dried or Salted Fish in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 939 | 1,175 | 1,256 | 1,605 | 19.6% |
United States | 111 | 573 | 726 | 566 | 72.1% |
Estonia | 230 | 181 | 407 | 455 | 25.5% |
United Kingdom | 254 | 402 | 295 | 286 | 4.0% |
Latvia | 171 | 45.7 | 423 | 235 | 11.2% |
Poland | 110 | 89.1 | 147 | 114 | 1.2% |
South Korea | 5.0 | 1.4 | 37.4 | 47.4 | 111.6% |
Ireland | 60.1 | 77.0 | 21.8 | 30.0 | -20.7% |
Israel | N/A | N/A | 118 | 15.1 | -87.2% |
Ukraine | 36.6 | 55.1 | 43.5 | 10.1 | -34.9% |
Spain | 265 | 52.6 | 0.8 | 0.8 | -85.5% |
Others | 169 | 98.0 | 523 | 293 | 20.1% |
Total | 2,349 | 2,749 | 3,998 | 3,657 | 15.9% |
Top Export Markets for Dried or Salted Fish from Lithuania in 2022:
- Germany (141.2 tons)
- Estonia (89.6 tons)
- United States (63.4 tons)
- Latvia (51.9 tons)
- United Kingdom (41.2 tons)
- Poland (30.9 tons)
- South Korea (9.4 tons)
- Ireland (5.9 tons)
- Israel (5.1 tons)
- Ukraine (3.6 tons)
- Spain (0.2 tons)
Imports of Dried or Salted Fish in Lithuania
Dried or salted fish imports into Lithuania dropped to 1K tons in 2022, waning by -14.6% against 2021. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of 1.2K tons, and then declined in the following year.
In value terms, dried or salted fish imports dropped markedly to $3.4M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +23.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports attained the peak of $4.2M, and then fell significantly in the following year.
Import of Dried or Salted Fish in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,708 | 1,841 | 2,295 | 2,063 | 6.5% |
Sweden | 518 | 385 | 705 | 481 | -2.4% |
Latvia | 31.8 | 455 | 801 | 476 | 146.4% |
Poland | 66.2 | 132 | 112 | 106 | 17.0% |
Denmark | 185 | 36.8 | N/A | 4.3 | -71.5% |
Others | 254 | 279 | 252 | 288 | 4.3% |
Total | 2,763 | 3,128 | 4,166 | 3,419 | 7.4% |
Top Suppliers of Dried or Salted Fish to Lithuania in 2022:
- Germany (712.5 tons)
- Sweden (191.5 tons)
- Latvia (59.7 tons)
- Poland (28.2 tons)
- Denmark (2.1 tons)
This report provides an in-depth analysis of the market for dried or salted fish 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:
- Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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
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