Latvia - Fish Fillets In Batter Or Breadcrumbs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBattered Fish Fillet Price in Latvia - 2023
Contents:
- Battered Fish Fillet Price in Latvia (CIF) - 2023
- Battered Fish Fillet Price in Latvia (FOB) - 2022
- Battered Fish Fillet Imports in Latvia
- Battered Fish Fillet Exports in Latvia
Battered Fish Fillet Price in Latvia (CIF) - 2023
In September 2023, the average battered fish fillet import price amounted to $5,227 per ton, which is down by -11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 20% month-to-month. The import price peaked at $5,978 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($9,309 per ton), while the price for Vietnam ($4,203 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Battered Fish Fillet Price in Latvia (FOB) - 2022
The average battered fish fillet export price stood at $4,570 per ton in 2022, with an increase of 11% against the previous year. In general, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 an increase of 36%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($5,582 per ton), while the average price for exports to Poland ($2,793 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 Lithuania (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Battered Fish Fillet Imports in Latvia
In 2022, approx. 693 tons of fish fillets in batter or breadcrumbs were imported into Latvia; growing by 6.4% against 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years.
In value terms, battered fish fillet imports expanded markedly to $2.7M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years.
| Import of Battered Fish Fillet in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 487 | 715 | 820 | 675 | 11.5% |
| Germany | 115 | 96.0 | 358 | 675 | 80.4% |
| Vietnam | 555 | 602 | 433 | 436 | -7.7% |
| Poland | 633 | 676 | 597 | 430 | -12.1% |
| Estonia | 25.8 | 31.6 | 33.9 | 156 | 82.2% |
| Netherlands | 1.3 | 19.5 | 96.7 | 105 | 332.3% |
| Denmark | 563 | 268 | 46.2 | 99.6 | -43.9% |
| Others | 238 | 361 | 136 | 159 | -12.6% |
| Total | 2,620 | 2,769 | 2,520 | 2,737 | 1.5% |
Top Suppliers of Battered Fish Fillet to Latvia in 2022:
- Lithuania (199.8 tons)
- Germany (169.7 tons)
- Vietnam (128.4 tons)
- Poland (96.4 tons)
- Denmark (28.9 tons)
- Estonia (28.5 tons)
- Netherlands (22.2 tons)
Battered Fish Fillet Exports in Latvia
In 2022, approx. 380 tons of fish fillets in batter or breadcrumbs were exported from Latvia; falling by -9.1% compared with the year before. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 5.3%.
In value terms, battered fish fillet exports reached $1.7M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 4.1%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Battered Fish Fillet in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 289 | 316 | 393 | 611 | 28.3% |
| Lithuania | 373 | 380 | 500 | 322 | -4.8% |
| United States | 268 | 257 | 44.7 | 308 | 4.7% |
| Germany | 161 | 165 | 259 | 157 | -0.8% |
| Ukraine | 160 | 28.0 | 7.0 | 113 | -10.9% |
| Bulgaria | 204 | 296 | 230 | 90.7 | -23.7% |
| Poland | 91.4 | 57.1 | 34.7 | 19.2 | -40.6% |
| Others | 164 | 156 | 253 | 116 | -10.9% |
| Total | 1,711 | 1,654 | 1,722 | 1,736 | 0.5% |
Top Export Markets for Battered Fish Fillet from Latvia in 2022:
- Estonia (128.8 tons)
- United States (74.2 tons)
- Lithuania (57.8 tons)
- Germany (38.2 tons)
- Ukraine (33.3 tons)
- Bulgaria (21.4 tons)
- Poland (6.9 tons)
This report provides an in-depth analysis of the battered fish fillet market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202570 - Fish fillets in batter or breadcrumbs including fish fingers (excluding prepared meals and dishes)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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