Dried Apricot Price in Latvia - 2023
Contents:
- Dried Apricot Price in Latvia (CIF) - 2022
- Dried Apricot Price in Latvia (FOB) - 2022
- Dried Apricot Imports in Latvia
- Dried Apricot Exports in Latvia
Dried Apricot Price in Latvia (CIF) - 2022
The average dried apricot import price stood at $5,633 per ton in 2022, surging by 55% against the previous year. In general, the import price continues to indicate strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($10,263 per ton), while the price for North Macedonia ($1,230 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Apricot Price in Latvia (FOB) - 2022
In 2022, the average dried apricot export price amounted to $5,964 per ton, with an increase of 49% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 53%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($7,770 per ton), while the average price for exports to Turkey ($2,736 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 Netherlands (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Dried Apricot Imports in Latvia
Dried apricot imports into Latvia shrank dramatically to 335 tons in 2022, declining by -21.4% against the previous year's figure. Overall, imports showed a deep slump. The smallest decline of -0.1% was in 2020.
In value terms, dried apricot imports skyrocketed to $1.9M in 2022. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Dried Apricot in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 798 | 875 | 867 | 885 | 3.5% |
| Lithuania | 420 | 472 | 454 | 508 | 6.5% |
| France | N/A | N/A | 19.9 | 255 | 1181.4% |
| Netherlands | 62.5 | 81.3 | 72.9 | 83.8 | 10.3% |
| Sweden | 9.5 | 21.1 | 29.5 | 42.9 | 65.3% |
| Estonia | 14.7 | 5.1 | 5.4 | 35.5 | 34.2% |
| North Macedonia | N/A | N/A | N/A | 23.0 | 0% |
| Others | 78.2 | 187 | 98.6 | 55.9 | -10.6% |
| Total | 1,382 | 1,642 | 1,547 | 1,890 | 11.0% |
Top Suppliers of Dried Apricot to Latvia in 2022:
- Turkey (163.1 tons)
- Lithuania (80.8 tons)
- France (37.3 tons)
- North Macedonia (18.7 tons)
- Netherlands (12.5 tons)
- Estonia (10.4 tons)
- Sweden (5.9 tons)
Dried Apricot Exports in Latvia
In 2022, overseas shipments of dried apricots decreased by -34.8% to 106 tons, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 55%. As a result, the exports reached the peak of 207 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, dried apricot exports dropped slightly to $634K in 2022. The total export value increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year. As a result, the exports attained the peak of $688K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Dried Apricot in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 384 | 401 | 360 | 452 | 5.6% |
| Lithuania | 60.6 | 264 | 179 | 102 | 19.0% |
| Turkey | N/A | N/A | 63.1 | 61.8 | -2.1% |
| Spain | 20.5 | 14.3 | 13.1 | 11.4 | -17.8% |
| Others | 7.4 | 9.5 | 38.7 | 6.8 | -2.8% |
| Total | 472 | 688 | 654 | 634 | 10.3% |
Top Export Markets for Dried Apricot from Latvia in 2022:
- Estonia (66.8 tons)
- Turkey (22.6 tons)
- Lithuania (13.1 tons)
- Spain (2.8 tons)
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