Latvia - Cocoa Paste - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCocoa Paste Price in Latvia - 2023
Contents:
- Cocoa Paste Price in Latvia (CIF) - 2023
- Cocoa Paste Price in Latvia (FOB) - 2022
- Cocoa Paste Imports in Latvia
- Cocoa Paste Exports in Latvia
Cocoa Paste Price in Latvia (CIF) - 2023
In September 2023, the average cocoa paste import price amounted to $4,523 per ton, approximately equating the previous month. Overall, import price indicated measured growth from September 2022 to September 2023: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, cocoa paste import price increased by +19.8% against July 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 44% m-o-m. As a result, import price attained the peak level of $6,005 per ton. From July 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Estonia.
From September 2022 to September 2023, the rate of growth in terms of prices for Cote d'Ivoire amounted to +11.0% per month.
Cocoa Paste Price in Latvia (FOB) - 2022
The average cocoa paste export price stood at $5,343 per ton in 2022, rising by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($5,934 per ton), while the average price for exports to Belarus ($3,879 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 Uzbekistan (+6.0%), while the prices for the other major destinations experienced a decline.
Cocoa Paste Imports in Latvia
In 2022, supplies from abroad of cocoa paste decreased by -62.5% to 521 tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 98% against the previous year. As a result, imports attained the peak of 1.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cocoa paste imports fell sharply to $2M in 2022. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 126%. As a result, imports reached the peak of $6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cocoa Paste in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 179 | 2.3 | N/A | 725 | 59.4% |
| Estonia | 97.5 | 421 | 597 | 525 | 75.3% |
| Netherlands | 874 | 3,445 | 3,243 | 490 | -17.5% |
| France | 94.6 | 381 | 560 | 233 | 35.0% |
| Cote d'Ivoire | 620 | 489 | 164 | 5.0 | -79.9% |
| Belgium | N/A | 556 | 5.7 | 2.9 | -92.8% |
| Ghana | 750 | 546 | 243 | N/A | -43.1% |
| Others | 57.5 | 206 | 228 | 22.6 | -26.7% |
| Total | 2,673 | 6,047 | 5,040 | 2,004 | -9.2% |
Top Suppliers of Cocoa Paste to Latvia in 2022:
- Lithuania (190.3 tons)
- Estonia (145.0 tons)
- Netherlands (130.0 tons)
- France (46.1 tons)
- Cote d'Ivoire (2.0 tons)
- Belgium (0.5 tons)
Cocoa Paste Exports in Latvia
In 2022, after two years of decline, there was significant growth in overseas shipments of cocoa paste, when their volume increased by 344% to 200 tons. In general, exports, however, continue to indicate a abrupt downturn.
In value terms, cocoa paste exports skyrocketed to $1.1M in 2022. Overall, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cocoa Paste in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.1 | N/A | N/A | 802 | 1901.7% |
| Belarus | 749 | 887 | 180 | 155 | -40.9% |
| Uzbekistan | 68.8 | N/A | N/A | 112 | 17.6% |
| Others | 43.0 | N/A | 0.2 | 0.3 | -80.9% |
| Total | 861 | 887 | 180 | 1,069 | 7.5% |
Top Export Markets for Cocoa Paste from Latvia in 2022:
- Russia (135.1 tons)
- Belarus (40.0 tons)
- Uzbekistan (25.0 tons)
This report provides an in-depth analysis of the cocoa paste 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 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
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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This report provides an in-depth analysis of the cocoa paste market in Latvia.
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This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Latvia.
745
This report provides an in-depth analysis of the global cocoa paste market.
1108
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
741
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
1816
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
1017
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
1108
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
741
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
1816
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
1017
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
