Lithuania: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Lithuania

In 2022, the Lithuanian frozen pork cut market increased by 27% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, showed a deep slump. Frozen pork cut consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Frozen Pork Cut Production in Lithuania

In value terms, frozen pork cut production skyrocketed to $X in 2022 estimated in export price. In general, production saw a deep downturn. The growth pace was the most rapid in 2017 when the production volume increased by 540%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Frozen Pork Cut Exports

Exports from Lithuania

In 2022, the amount of frozen hams, shoulders and cuts of pig meat exported from Lithuania surged to X tons, jumping by 39% compared with the previous year's figure. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 396% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen pork cut exports surged to $X in 2022. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 362%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X tons), Estonia (X tons) and Poland (X tons) were the main destinations of frozen pork cut exports from Lithuania, together accounting for 94% of total exports. These countries were followed by Hungary, which accounted for a further 6.1%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +133.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen pork cut exported from Lithuania were Latvia ($X), Estonia ($X) and Poland ($X), with a combined 93% share of total exports. Hungary lagged somewhat behind, comprising a further 6%.

Among the main countries of destination, Hungary, with a CAGR of +144.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen pork cut export price stood at $X per ton in 2022, rising by 6.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 31%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Estonia ($X per ton) and Latvia ($X per ton), while the average price for exports to Poland ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+43.1%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Pork Cut Imports

Imports into Lithuania

Frozen pork cut imports into Lithuania skyrocketed to X tons in 2022, surging by 35% against 2021 figures. In general, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of 153%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen pork cut imports soared to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +106.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 92% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of frozen pork cut imports to Lithuania, together accounting for 60% of total imports. Spain, Denmark, Estonia, Portugal, the Netherlands, France, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen pork cut suppliers to Lithuania were Poland ($X), Belgium ($X) and Germany ($X), with a combined 61% share of total imports. Spain, Denmark, Estonia, Portugal, Hungary, the Czech Republic, the Netherlands and France lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Portugal, with a CAGR of +18.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen pork cut import price stood at $X per ton in 2022, with an increase of 4.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hungary ($X per ton) and Poland ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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