Price for Frozen Lamb Carcasses and Half-Carcasses in Latvia - 2023
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in Latvia (CIF) - 2022
- Price for Frozen Lamb Carcasses and Half-Carcasses in Latvia (FOB) - 2022
- Imports of Frozen Lamb Carcasses and Half-Carcasses in Latvia
- Exports of Frozen Lamb Carcasses and Half-Carcasses in Latvia
Price for Frozen Lamb Carcasses and Half-Carcasses in Latvia (CIF) - 2022
In 2022, the average import price for frozen lamb carcasses and half-carcasseses amounted to $12,224 per ton, picking up by 11% against the previous year. Overall, the import price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 an increase of 55%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($19,663 per ton), while the price for Estonia ($11,517 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Lamb Carcasses and Half-Carcasses in Latvia (FOB) - 2022
In 2021, the average export price for frozen lamb carcasses and half-carcasseses amounted to $14,132 per ton, jumping by 35% against the previous year. Overall, the export price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2017 an increase of 47% against the previous year. Over the period under review, the average export prices hit record highs at $16,961 per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2021, the rate of growth in terms of prices for Estonia amounted to +19.4% per year.
Imports of Frozen Lamb Carcasses and Half-Carcasses in Latvia
Frozen lamb carcasses and half-carcasses imports into Latvia skyrocketed to 5.1 tons in 2022, increasing by 129% on the year before. Overall, imports enjoyed a resilient expansion.
In value terms, frozen lamb carcasses and half-carcasses imports skyrocketed to $62K in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Lamb Carcasses and Half-Carcasses in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 9.9 | 30.0 | 9.8 | 28.4 | 42.1% |
| Lithuania | 7.3 | 22.7 | 6.7 | 16.9 | 32.3% |
| Netherlands | 12.0 | 4.3 | 7.8 | 14.6 | 6.8% |
| Germany | N/A | N/A | N/A | 2.0 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 29.1 | 57.1 | 24.3 | 61.9 | 28.6% |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to Latvia in 2022:
- Estonia (2.5 tons)
- Lithuania (1.4 tons)
- Netherlands (1.1 tons)
- Germany (0.1 tons)
Exports of Frozen Lamb Carcasses and Half-Carcasses in Latvia
In 2021, the amount of frozen lamb carcasses and half-carcasseses exported from Latvia fell sharply to 212 kg, shrinking by -80.8% compared with the year before. Over the period under review, exports continue to indicate a sharp slump.
In value terms, frozen lamb carcasses and half-carcasses exports shrank markedly to $3K in 2021. Overall, exports showed a precipitous decrease.
| Export of Frozen Lamb Carcasses and Half-Carcasses in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Estonia | 7.9 | 3.0 | -62.0% | ||
| Lithuania | 3.6 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 11.5 | 3.0 | -73.9% | ||
Top Export Markets for Frozen Lamb Carcasses and Half-Carcasses from Latvia in 2022:
- Estonia (212.0 kg)
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