Lithuania: Turkey Meat Market 2024

Turkey Meat Market Size in Lithuania

In 2022, the Lithuanian turkey meat market was finally on the rise to reach $X after four years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Turkey Meat Production in Lithuania

In value terms, turkey meat production shrank dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Turkey meat production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of turkey meat in Lithuania was estimated at X kg per head in 2022, stabilizing at 2021. Overall, the yield continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the average turkey meat yield attained the peak level at X kg per head in 2016; however, from 2017 to 2022, the yield failed to regain momentum.

In 2022, the number of animals slaughtered for turkey meat production in Lithuania rose significantly to X heads, growing by X% compared with 2021. In general, the number of producing animals, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, this number reached the maximum level at X heads in 2017; however, from 2018 to 2022, producing animals failed to regain momentum.

Turkey Meat Exports

Exports from Lithuania

In 2022, the amount of turkey meat exported from Lithuania declined remarkably to X tons, with a decrease of X% against the previous year's figure. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, turkey meat exports soared to $X in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for turkey meat exports from Lithuania, with a X% share of total exports. Moreover, turkey meat exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Spain (X% per year).

In value terms, the largest markets for turkey meat exported from Lithuania were Latvia ($X), Estonia ($X) and Finland ($X), with a combined X% share of total exports. Croatia, Sweden, Poland, Spain and Belgium lagged somewhat behind, together comprising a further X%.

Croatia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average turkey meat export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Spain ($X 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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Lithuania

In 2022, overseas purchases of turkey meat decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, turkey meat imports rose remarkably to $X in 2022. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest turkey meat supplier to Lithuania, with a X% share of total imports. Moreover, turkey meat imports from Poland exceeded the figures recorded by the second-largest supplier, Spain (X tons), ninefold. Finland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Finland (X% per year).

In value terms, Poland ($X) constituted the largest supplier of turkey meat to Lithuania, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Finland (X% per year).

Import Prices by Country

The average turkey meat import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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