Latvia - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Latvia - 2023
Contents:
- Frozen Fish Meat Price in Latvia (CIF) - 2023
- Frozen Fish Meat Price in Latvia (FOB) - 2023
- Frozen Fish Meat Imports in Latvia
- Frozen Fish Meat Exports in Latvia
Frozen Fish Meat Price in Latvia (CIF) - 2023
In August 2023, the average frozen fish meat import price amounted to $2,081 per ton, waning by -3.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 38% m-o-m. As a result, import price reached the peak level of $2,711 per ton. From March 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Russia ($3,521 per ton), while the price for Iceland ($1,816 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Price in Latvia (FOB) - 2023
The average frozen fish meat export price stood at $2,883 per ton in August 2023, growing by 9.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 62% m-o-m. As a result, the export price reached the peak level of $5,496 per ton. From January 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($8,847 per ton), while the average price for exports to the UK ($2,613 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Meat Imports in Latvia
In 2022, imports of frozen fish meat into Latvia soared to 5.5K tons, increasing by 99% compared with 2021 figures. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish meat imports surged to $13M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish Meat in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 829 | 565 | 600 | 2,993 | 53.4% |
| Norway | 1,496 | 1,832 | 2,261 | 2,303 | 15.5% |
| United States | 215 | 439 | 482 | 1,362 | 85.0% |
| United Kingdom | 36.8 | 5.0 | 58.6 | 1,322 | 230.0% |
| Vietnam | 250 | 656 | 683 | 1,269 | 71.9% |
| India | N/A | N/A | 57.0 | 1,250 | 2093.0% |
| Iceland | 271 | 529 | 386 | 721 | 38.6% |
| Faroe Islands | N/A | 7.8 | 755 | 691 | 841.2% |
| Estonia | 171 | 40.4 | 69.2 | 340 | 25.7% |
| Others | 296 | 305 | 71.0 | 567 | 24.2% |
| Total | 3,564 | 4,379 | 5,422 | 12,816 | 53.2% |
Top Suppliers of Frozen Fish Meat to Latvia in 2022:
- Norway (1391.4 tons)
- Lithuania (1097.3 tons)
- United Kingdom (794.0 tons)
- India (542.0 tons)
- Vietnam (437.2 tons)
- Iceland (424.6 tons)
- United States (347.2 tons)
- Faroe Islands (237.0 tons)
- Estonia (113.8 tons)
Frozen Fish Meat Exports in Latvia
In 2022, shipments abroad of frozen fish meat decreased by -37.2% to 759 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of 47%. As a result, the exports reached the peak of 1.2K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen fish meat exports declined remarkably to $2.1M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 50%.
| Export of Frozen Fish Meat in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 252 | 353 | 707 | 574 | 31.6% |
| Poland | N/A | 22.6 | N/A | 434 | 338.2% |
| Lithuania | 353 | 1,157 | 1,032 | 260 | -9.7% |
| Estonia | 79.7 | 82.9 | 123 | 207 | 37.5% |
| France | 22.2 | 227 | 420 | 194 | 106.0% |
| Denmark | 285 | 214 | 196 | 176 | -14.8% |
| Slovakia | 51.3 | N/A | 9.6 | 58.2 | 4.3% |
| Spain | 154 | 98.0 | N/A | N/A | -36.4% |
| Netherlands | 327 | 177 | 13.3 | N/A | -79.8% |
| Others | 81.3 | 75.8 | 55.6 | 201 | 35.2% |
| Total | 1,605 | 2,406 | 2,558 | 2,104 | 9.4% |
Top Export Markets for Frozen Fish Meat from Latvia in 2022:
- United Kingdom (276.1 tons)
- Lithuania (120.9 tons)
- Estonia (101.4 tons)
- France (67.3 tons)
- Poland (58.0 tons)
- Denmark (55.5 tons)
- Slovakia (25.6 tons)
This report provides an in-depth analysis of the frozen fish meat 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 10201500 - Frozen fish meat without bones (excluding fillets)
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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