Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia (CIF) - 2023
The average import price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $7,894 per ton in October 2023, waning by -7.8% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 29% month-to-month. As a result, import price attained the peak level of $8,562 per ton, and then contracted in the following month.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($10,022 per ton), while the price for Lithuania ($6,860 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia (FOB) - 2022
The average export price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $7,265 per ton in 2022, almost unchanged from the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23%. As a result, the export price attained the peak level of $10,630 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($8,401 per ton), while the average price for exports to Russia ($3,580 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia
For the fourth consecutive year, Latvia recorded growth in purchases abroad of nuts, edible; cashew nuts, shelled, fresh or drieds, which increased by 4.4% to 542 tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds rose remarkably to $3.8M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 915 | 967 | 1,336 | 1,660 | 22.0% |
| Vietnam | 1,246 | 1,233 | 1,176 | 1,402 | 4.0% |
| Germany | 34.6 | 23.1 | 256 | 312 | 108.1% |
| Netherlands | 98.3 | 369 | 702 | 286 | 42.8% |
| Cote d'Ivoire | N/A | N/A | N/A | 109 | 0% |
| Others | 221 | 43.7 | 131 | 20.9 | -54.4% |
| Total | 2,515 | 2,636 | 3,600 | 3,790 | 14.6% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Latvia in 2022:
- Vietnam (222.5 tons)
- Lithuania (218.5 tons)
- Netherlands (46.6 tons)
- Germany (36.6 tons)
- Cote d'Ivoire (15.9 tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia
After three years of growth, shipments abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -2% to 172 tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds dropped slightly to $1.3M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 42% against the previous year.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 458 | 621 | 752 | 905 | 25.5% |
| Lithuania | 179 | 139 | 96.2 | 136 | -8.8% |
| Russia | 12.8 | 22.6 | 57.1 | 93.2 | 93.8% |
| Finland | 0.4 | 144 | 58.0 | 55.4 | 417.4% |
| Czech Republic | N/A | N/A | 3.6 | 21.8 | 505.6% |
| Netherlands | N/A | 68.3 | 95.2 | N/A | 39.4% |
| Others | 109 | 82.5 | 222 | 40.5 | -28.1% |
| Total | 758 | 1,078 | 1,285 | 1,252 | 18.2% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Latvia in 2022:
- Estonia (117.1 tons)
- Russia (26.0 tons)
- Lithuania (16.4 tons)
- Finland (7.4 tons)
- Czech Republic (2.6 tons)
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