Frozen Salmonoids Price in Latvia - 2023

Contents:

1. Frozen Salmonoids Price in Latvia (FOB) - 2022
2. Frozen Salmonoids Price in Latvia (CIF) - 2022
3. Frozen Salmonoids Exports in Latvia
4. Frozen Salmonoids Imports in Latvia

Frozen Salmonoids Price in Latvia (FOB) - 2022

The average frozen salmonoids export price stood at $1,976 per ton in 2022, waning by -8.7% against the previous year. In general, the export price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 an increase of 69%. As a result, the export price reached the peak level of $6,373 per ton. From 2018 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 Lithuania ($2,530 per ton), while the average price for exports to Hungary ($1,068 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 Lithuania (+1.4%), while the prices for the other major destinations experienced a decline.

Frozen Salmonoids Price in Latvia (CIF) - 2022

In 2022, the average frozen salmonoids import price amounted to $2,172 per ton, increasing by 19% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 66%. Over the period under review, average import prices attained the maximum at $4,953 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($3,487 per ton), while the price for Lithuania stood at $1,777 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Salmonoids Exports in Latvia

In 2022, shipments abroad of frozen salmonoids decreased by -66.3% to 22 tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 2,014% against the previous year. As a result, the exports reached the peak of 65 tons, and then dropped significantly in the following year.

In value terms, frozen salmonoids exports contracted significantly to $43K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,834%. As a result, the exports reached the peak of $141K, and then declined dramatically in the following year.

Top Export Markets for Frozen Salmonoids from Latvia in 2022:

1. Estonia (6.0 tons)
2. Bulgaria (6.0 tons)
3. Poland (3.5 tons)
4. Hungary (3.3 tons)
5. Lithuania (3.2 tons)

Frozen Salmonoids Imports in Latvia

After three years of growth, overseas purchases of frozen salmonoids decreased by -93.8% to 8.7 tons in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,017%.

In value terms, frozen salmonoids imports contracted remarkably to $19K in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 757%.

Top Suppliers of Frozen Salmonoids to Latvia in 2022:

1. Lithuania (6.7 tons)
2. Estonia (2.0 tons)

Source: IndexBox Market Intelligence Platform