Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania - 2023

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (FOB) - 2023
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (CIF) - 2023
3. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania
4. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (FOB) - 2023

The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $4,785 per ton in October 2023, dropping by -6.7% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 29% m-o-m. Over the period under review, the average export prices reached the peak figure at $5,415 per ton in May 2023; however, from June 2023 to October 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In October 2023, the countries with the highest prices were Italy ($5,815 per ton) and Sweden ($5,044 per ton), while the average price for exports to the Netherlands ($4,290 per ton) and Poland ($4,349 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania (CIF) - 2023

In October 2023, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,279 per ton, growing by 2.3% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 5.4% m-o-m. As a result, import price attained the peak level of $3,929 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Poland ($3,566 per ton), while the price for Denmark stood at $3,149 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (-0.1%).

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania

In 2022, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Lithuania surged to 14K tons, picking up by 21% on 2021 figures. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.5% 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 +56.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $65M in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Lithuania in 2022:

1. Netherlands (4.2K tons)
2. Italy (4.1K tons)
3. Denmark (2.0K tons)
4. Germany (1.1K tons)
5. Sweden (0.8K tons)
6. Poland (0.7K tons)
7. Latvia (0.3K tons)

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Lithuania

In 2022, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Lithuania soared to 6K tons, jumping by 36% against the previous year's figure. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 66%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $23M in 2022. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 90%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Lithuania in 2022:

1. Poland (4.7K tons)
2. Denmark (1.3K tons)

Source: IndexBox Market Intelligence Platform