Over the years 2011 to 2021, meat prices in Lithuania have shown fluctuations. The average price began at €2.05/kg in 2011, dipped to its lowest at €1.69/kg in 2015, then returned to €1.99/kg by 2021. Significant volatility was noted, with annual variations often exceeding 5% in numerous instances. Over the last two years, from 2019 to 2021, the price decreased by around 0.5% yearly. The five-year compound annual growth rate (CAGR) from 2016 to 2021 was approximately 3%, reflecting a general recovery in prices.
Looking ahead, key trends to monitor include potential impacts from global economic conditions, changes in trade policies, and consumer demand shifts towards alternative proteins, such as plant-based meat, which could affect traditional meat pricing dynamics in Lithuania.
