Frozen Strawberries Price in Latvia - 2023
Contents:
- Frozen Strawberries Price in Latvia (CIF) - 2023
- Frozen Strawberries Price in Latvia (FOB) - 2022
- Frozen Strawberries Imports in Latvia
- Frozen Strawberries Exports in Latvia
Frozen Strawberries Price in Latvia (CIF) - 2023
In September 2023, the average frozen strawberries import price amounted to $1,947 per ton, shrinking by -29.6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 73% m-o-m. As a result, import price attained the peak level of $3,324 per ton. From November 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Estonia ($2,756 per ton), while the price for Egypt ($1,498 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+10.0%), while the prices for the other major suppliers experienced a decline.
Frozen Strawberries Price in Latvia (FOB) - 2022
In 2022, the average frozen strawberries export price amounted to $2,273 per ton, reducing by -15.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 16%. Over the period under review, the average export prices hit record highs at $2,677 per ton in 2021, and then contracted remarkably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($2,291 per ton), while the average price for exports to Estonia stood at $2,268 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Strawberries Imports in Latvia
In 2022, the amount of frozen strawberrieses imported into Latvia declined to 761 tons, falling by -14.9% against the year before. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
In value terms, frozen strawberries imports shrank remarkably to $1.5M in 2022. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports reached the peak of $1.9M, and then dropped markedly in the following year.
| Import of Frozen Strawberries in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 715 | 448 | 427 | 465 | -13.4% |
| Egypt | 88.3 | 479 | 494 | 376 | 62.1% |
| Belgium | 210 | 191 | 187 | 288 | 11.1% |
| Poland | 472 | 306 | 638 | 169 | -29.0% |
| Estonia | 72.1 | 50.3 | 73.7 | 141 | 25.1% |
| Turkey | 47.2 | 43.8 | N/A | 48.2 | 0.7% |
| Spain | N/A | 21.7 | 32.7 | 31.8 | 21.1% |
| Morocco | 144 | N/A | 86.3 | N/A | -22.6% |
| Others | 58.5 | 96.6 | 1.9 | 18.9 | -31.4% |
| Total | 1,807 | 1,636 | 1,941 | 1,538 | -5.2% |
Top Suppliers of Frozen Strawberries to Latvia in 2022:
- Lithuania (251.3 tons)
- Egypt (225.4 tons)
- Belgium (114.2 tons)
- Poland (77.4 tons)
- Estonia (53.6 tons)
- Turkey (20.0 tons)
- Spain (12.8 tons)
Frozen Strawberries Exports in Latvia
In 2022, after three years of growth, there was decline in overseas shipments of frozen strawberrieses, when their volume decreased by -3.6% to 71 tons. The total export volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, the exports attained the peak of 73 tons, and then reduced modestly in the following year.
In value terms, frozen strawberries exports dropped sharply to $160K in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports attained the peak of $196K, and then shrank remarkably in the following year.
| Export of Frozen Strawberries in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 80.8 | 102 | 135 | 122 | 14.7% |
| Lithuania | 21.7 | 44.3 | 53.7 | 38.0 | 20.5% |
| Finland | 27.1 | N/A | N/A | N/A | 0% |
| Others | 4.5 | N/A | 7.2 | 0.5 | -51.9% |
| Total | 134 | 146 | 196 | 160 | 6.1% |
Top Export Markets for Frozen Strawberries from Latvia in 2022:
- Estonia (53.7 tons)
- Lithuania (16.6 tons)
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