Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania (CIF) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania (CIF) - 2023
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $14,556 per ton in September 2023, increasing by 215% against the previous month. Overall, the import price continues to indicate slight growth. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 793% month-to-month. As a result, import price attained the peak level of $61,983 per ton. From March 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($162K per ton), while the price for Latvia ($2,497 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania (FOB) - 2022
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $4,091 per ton in 2022, jumping by 87% against the previous year. In general, the export price recorded prominent growth. The pace of growth was the most pronounced in 2019 an increase of 100% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,430 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($20,229 per ton), while the average price for exports to Italy ($1,497 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 Ukraine (+132.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania
In 2022, after three years of growth, there was significant decline in purchases abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s, when their volume decreased by -68.3% to 201 tons. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 383%. As a result, imports reached the peak of 636 tons, and then declined remarkably in the following year.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s declined notably to $1.3M in 2022. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 when imports increased by 81%. As a result, imports reached the peak of $2.2M, and then declined dramatically in the following year.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 598 | 568 | 805 | 548 | -2.9% |
| Latvia | 53.3 | 68.5 | 834 | 274 | 72.6% |
| Netherlands | 40.5 | 3.0 | 9.8 | 121 | 44.0% |
| Estonia | 70.7 | 91.9 | 140 | 115 | 17.6% |
| Spain | 0.3 | 4.4 | 7.0 | 98.2 | 589.2% |
| Czech Republic | 17.5 | 23.9 | 62.7 | 66.5 | 56.0% |
| Norway | 57.7 | 440 | 28.9 | 30.1 | -19.5% |
| Others | 14.3 | 24.3 | 323 | 24.3 | 19.3% |
| Total | 853 | 1,224 | 2,210 | 1,276 | 14.4% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Lithuania in 2022:
- Latvia (159.5 tons)
- Netherlands (11.0 tons)
- Norway (8.2 tons)
- Czech Republic (6.8 tons)
- Poland (5.6 tons)
- Estonia (4.7 tons)
- Spain (4.0 tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania
In 2022, approx. 134 tons of fats and oils and their fractions; of fish, (excluding liver-oils)s were exported from Lithuania; reducing by -73.2% compared with the year before. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 3,289%. As a result, the exports attained the peak of 500 tons, and then dropped sharply in the following year.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s dropped dramatically to $548K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,262%. As a result, the exports reached the peak of $1.1M, and then shrank significantly in the following year.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 42.8 | 55.3 | 73.4 | 198 | 66.6% |
| Italy | N/A | N/A | 425 | 143 | -66.4% |
| Latvia | 1.2 | 2.9 | 184 | 104 | 342.5% |
| Ukraine | N/A | 9.4 | 12.3 | 20.9 | 49.1% |
| Poland | N/A | N/A | N/A | 20.6 | 0% |
| Norway | N/A | N/A | 254 | N/A | 0% |
| Netherlands | 0.9 | 1.7 | 37.0 | N/A | 541.2% |
| Others | 12.7 | 10.8 | 107 | 62.7 | 70.3% |
| Total | 57.6 | 80.2 | 1,092 | 548 | 111.9% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Lithuania in 2022:
- Italy (95.5 tons)
- Latvia (13.0 tons)
- Russia (9.8 tons)
- Poland (9.5 tons)
- Ukraine (3.1 tons)
122
This report provides an in-depth analysis of the market for fish fat and oil in Lithuania.
748
This report provides an in-depth analysis of the global market for fish fat and oil.
122
This report provides an in-depth analysis of the market for fish fat and oil in Lithuania.
748
This report provides an in-depth analysis of the global market for fish fat and oil.
603
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
603
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
