Lithuania: Preserved Turkey Market 2024

Preserved Turkey Market Size in Lithuania

In 2023, after three years of growth, there was significant decline in the Lithuanian preserved turkey market, when its value decreased by X% to $X. In general, consumption recorded a noticeable setback. Preserved turkey consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Preserved Turkey Production in Lithuania

In value terms, preserved turkey production fell rapidly to $X in 2023 estimated in export price. Over the period under review, production saw a noticeable decrease. The pace of growth was the most pronounced in 2022 with an increase of X%. Preserved turkey production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Preserved Turkey Exports

Exports from Lithuania

In 2023, shipments abroad of prepared or preserved meat or offal of turkeys increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports saw pronounced growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, preserved turkey exports soared to $X in 2023. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

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

From 2012 to 2023, the average annual rate of growth in terms of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Estonia (X% per year).

In value terms, Japan ($X) remains the key foreign market for prepared or preserved meat or offal of turkeys exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with an X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Estonia (X% per year).

Export Prices by Country

The average preserved turkey export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. 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 foreign markets. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into Lithuania

Preserved turkey imports into Lithuania contracted sharply to X tons in 2023, declining by X% on 2022. Overall, total imports indicated a mild expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, preserved turkey imports shrank to $X in 2023. In general, total imports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2022, and then contracted in the following year.

Imports by Country

Poland (X tons), Hungary (X tons) and Latvia (X tons) were the main suppliers of preserved turkey imports to Lithuania, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X) constituted the largest supplier of prepared or preserved meat or offal of turkeys to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Latvia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2023, the average preserved turkey import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached 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 ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2023, 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