Concentrated Grapefruit Juice Price in Latvia - 2023
Contents:
- Concentrated Grapefruit Juice Price in Latvia (CIF) - 2022
- Concentrated Grapefruit Juice Imports in Latvia
Concentrated Grapefruit Juice Price in Latvia (CIF) - 2022
In 2022, the average concentrated grapefruit juice import price amounted to $2,729 per ton, reducing by -10.9% against the previous year. Over the period under review, the import price, however, saw a mild expansion. The pace of growth appeared the most rapid in 2017 an increase of 63% against the previous year. Over the period under review, average import prices hit record highs at $4,185 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 ($6,781 per ton), while the price for Estonia ($507 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Concentrated Grapefruit Juice Imports in Latvia
In 2022, approx. 40 tons of concentrated grapefruit juice were imported into Latvia; jumping by 16% against 2021 figures. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 17%. As a result, imports reached the peak of 42 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, concentrated grapefruit juice imports reached $109K in 2022. In general, imports, however, faced a drastic downturn.
| Import of Concentrated Grapefruit Juice in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 116 | 78.0 | 64.9 | 53.1 | -22.9% |
| Germany | 15.5 | 33.1 | 35.3 | 48.1 | 45.9% |
| Estonia | N/A | 2.5 | 3.2 | 5.1 | 42.8% |
| Austria | 19.0 | 1.6 | 2.3 | 2.4 | -49.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 150 | 115 | 106 | 109 | -10.1% |
Top Suppliers of Concentrated Grapefruit Juice to Latvia in 2022:
- Israel (20.4 tons)
- Estonia (10.1 tons)
- Germany (7.1 tons)
- Austria (2.2 tons)
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