Latvia - Coffee Substitutes Containing Coffee - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCoffee Substitutes Price in Latvia - 2023
Contents:
- Coffee Substitutes Price in Latvia (CIF) - 2022
- Coffee Substitutes Price in Latvia (FOB) - 2022
- Coffee Substitutes Imports in Latvia
- Coffee Substitutes Exports in Latvia
Coffee Substitutes Price in Latvia (CIF) - 2022
The average coffee substitutes import price stood at $10,472 per ton in 2022, surging by 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. The import price peaked at $13,100 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Finland ($20,191 per ton), while the price for Denmark ($3,010 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Coffee Substitutes Price in Latvia (FOB) - 2022
In 2022, the average coffee substitutes export price amounted to $4,895 per ton, which is down by -63.8% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 104% against the previous year. As a result, the export price reached the peak level of $26,505 per ton. From 2017 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 Poland ($9,527 per ton), while the average price for exports to Denmark stood at $809 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+19.7%), while the prices for the other major destinations experienced mixed trend patterns.
Coffee Substitutes Imports in Latvia
In 2022, overseas purchases of coffee substitutes containing coffee decreased by -28.8% to 23 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2020 when imports increased by 108% against the previous year. As a result, imports attained the peak of 42 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, coffee substitutes imports shrank sharply to $236K in 2022. In general, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 46%. As a result, imports attained the peak of $388K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Coffee Substitutes in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 186 | 244 | 202 | 140 | -9.0% |
| Poland | 1.7 | 99.3 | 38.3 | 45.4 | 198.9% |
| Austria | 2.0 | 7.8 | 4.2 | 16.9 | 103.7% |
| Estonia | 26.5 | 16.9 | 12.7 | 12.7 | -21.7% |
| Denmark | N/A | N/A | N/A | 7.9 | 0% |
| Germany | 2.1 | 7.1 | 7.6 | 5.2 | 35.3% |
| Czech Republic | 21.5 | 5.2 | 0.6 | 2.0 | -54.7% |
| Others | 25.7 | 7.0 | 16.1 | 5.6 | -39.8% |
| Total | 265 | 388 | 281 | 236 | -3.8% |
Top Suppliers of Coffee Substitutes to Latvia in 2022:
- Lithuania (12.4 tons)
- Poland (3.8 tons)
- Denmark (2.6 tons)
- Germany (1.3 tons)
- Austria (1.2 tons)
- Estonia (0.7 tons)
- Czech Republic (0.1 tons)
Coffee Substitutes Exports in Latvia
In 2022, after two years of decline, there was significant growth in shipments abroad of coffee substitutes containing coffee, when their volume increased by 672% to 247 kg. In general, exports, however, faced a precipitous slump.
In value terms, coffee substitutes exports surged to $1.2K in 2022. Overall, exports, however, continue to indicate a sharp slump.
| Export of Coffee Substitutes in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 1.0 | 0% |
| Denmark | N/A | N/A | N/A | 0.1 | 0% |
| Lithuania | 18.4 | 33.3 | N/A | N/A | 81.0% |
| Estonia | 55.5 | 39.5 | N/A | N/A | -28.8% |
| Israel | 10.5 | 9.4 | N/A | N/A | -10.5% |
| Others | 7.3 | 2.1 | 0.4 | 0.1 | -76.1% |
| Total | 91.8 | 84.4 | 0.4 | 1.2 | -76.4% |
Top Export Markets for Coffee Substitutes from Latvia in 2022:
- Denmark (131.0 kg)
- Poland (110.0 kg)
This report provides an in-depth analysis of the coffee substitutes 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 10831210 - Coffee substitutes containing coffee
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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