Potato Market Overview in Lithuania
In value terms, potato production rose sharply to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2009 to 2019, production growth failed to regain the momentum.
The average yield of potatoes in Lithuania expanded slightly to tonnes per ha in 2019, surging by % against the previous year. The yield figure increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, the average potato yield hit record highs at tonnes per ha in 2014; however, from 2015 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the total area harvested in terms of potatoes production in Lithuania shrank to ha, waning by -% compared with 2018 figures. Over the period under review, the harvested area recorded a abrupt setback. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. Over the period under review, the harvested area dedicated to potato production reached the peak figure at ha in 2007; however, from 2008 to 2019, the harvested area stood at a somewhat lower figure.
The size of the potato market in Lithuania expanded remarkably to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt decrease. The growth pace was the most rapid in 2008 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.