Beef and buffalo meat market in Lithuania

Earlier Report Observations

The Lithuanian beef and buffalo meat market displayed considerable volatility in physical volume between 2018 and 2024. Starting at 9,463 tons in 2018, domestic consumption fell sharply to 6,574 tons the following year. A recovery phase saw the market volume rise to 7,990 tons in 2020 and peak at 8,457 tons in 2021, before entering another downward trend. The market contracted to 7,820 tons in 2022 and reached its lowest point of 5,820 tons in 2023, followed by a partial rebound to 6,713 tons in 2024.

In value terms, the market experienced even more pronounced swings. Its worth was nearly halved from 22.3 million USD in 2018 to 11.5 million USD in 2019. A sustained period of growth then elevated the market's value to 21.2 million USD by 2022. However, this was followed by a significant correction to 15.5 million USD in 2023, with a modest recovery to 18.4 million USD concluding the period in 2024.

Overall, the available internal supply, measured as market size, trended downward over the seven-year span, ending significantly below its starting level despite intermittent periods of growth.

Production beef and buffalo meat in Lithuania

In value, 2018-2021, M $ US

Lithuania's beef and buffalo meat production has increased for the second consecutive year. In 2021, output was valued at 131.6 million US dollars, reflecting a strong 20.0% improvement compared to the previous year. Over the period from 2018 to 2021, production grew by 14.2%, with a compound annual growth rate of 4.5%. The lowest value was recorded in 2019 at 108.9 million US dollars, which also saw the largest decline of 5.5%.

Annual dynamics of production in Lithuania in value, 2018-2021, M $ US

In kind, 2018-2021, t

Top producers of beef and buffalo meat, 2018-2021

World map of production of beef and buffalo meat, 2018-2021

After a two-year decline, Lithuania's beef and buffalo meat production volume has increased. In 2021, 31,629 tonnes were produced, representing a 3.4% improvement from the previous year. The lowest volume was recorded in 2020 at 30,587 tonnes, while the largest decline occurred in 2019 with a 2.8% drop.

Annual dynamics of production in Lithuania in kind, 2018-2021, t

Exports beef and buffalo meat from Lithuania

Exports in kind, t

In 2021, beef and buffalo meat deliveries from Lithuania totaled 31,356 tonnes, showing a solid 10.8% rise compared to the previous year. Between 2018 and 2021, exports increased by 14.2%, equating to an annualized growth rate of 4.5%. The largest decline was recorded in 2020 at 4.0%.

Annual dynamics of product's exports from Lithuania in kind, 2018-2021, t

The structure of exports in kind from 2018 to 2021 can be described as diversified. Italy accounted for 16.3% of exports, the Netherlands for 15.7%, and Sweden for 12.4%. Together, these three countries represented just 44.4% of total flows, with no single country holding a clearly dominant position.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Lithuania in kind, 2018-2021

Exports in value, M $ US

Lithuania exported 144.9 million US dollars worth of beef and buffalo meat in 2021, marking a 26.5% increase compared to the previous year. Over the period from 2018 to 2021, exports grew by 29.1%, with a compound annual growth rate of 8.9%. The largest decline was recorded in 2020 at 1.5%.

Annual dynamics of product's exports from Lithuania in value, 2018-2021, M $ US

From 2018 to 2021, exports in value terms of beef and buffalo meat from Lithuania relied on a wide range of partner countries. Italy accounted for 15.9% of exports, Sweden for 14.6%, and the Netherlands for 13.2%. Together, these three countries took just 43.8% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Lithuania in value, 2018-2021

Imports beef and buffalo meat to Lithuania

Imports in kind, t

Beef and buffalo meat volumes imported by Lithuania have increased for the third consecutive year. In 2021, imports stood at 8,185 tonnes, showing a sudden gain of 43.3% year-over-year. Over the period from 2018 to 2021, imports increased by 60.3%, with a compound annual growth rate of 17.0%.

Annual dynamics of product's imports to Lithuania in kind, 2018-2021, t

Throughout 2018 to 2021, Poland, Latvia, and Denmark remained the key directions for imports in kind. Poland accounted for 66.6% of imports, Latvia for 12.1%, and Denmark for 7.6%. Together, these three countries took 86.2% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Lithuania in kind, 2018-2021

Imports in value, M $ US

Beef and buffalo meat deliveries to Lithuania have increased for the second consecutive year. In 2021, imports reached 33.1 million US dollars, up by 62.0% from a year earlier. Over the period from 2018 to 2021, imports increased by 71.3%, with a compound annual growth rate of 19.7%. The lowest value was recorded in 2019 at 18.9 million US dollars, which also saw the largest decline of 2.1%.

Annual dynamics of product's imports to Lithuania in value, 2018-2021, M $ US

From 2018 to 2021, Poland, Latvia, and Denmark formed the main cluster of markets for imports in value terms. Poland accounted for 62.3% of imports, Latvia for 16.7%, and Denmark for 5.8%. Together, these three countries had a combined share of 84.9% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Lithuania in value, 2018-2021