Frozen Tilapias Price in Latvia - 2023

Frozen Tilapias Price in Latvia (CIF) - 2022

In 2022, the average frozen tilapias import price amounted to $2,621 per ton, which is down by -19.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 75% against the previous year. Over the period under review, average import prices attained the peak figure at $4,075 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($3,339 per ton), while the price for China stood at $2,421 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Frozen Tilapias Price in Latvia (FOB) - 2022

In 2022, the average frozen tilapias export price amounted to $2,942 per ton, declining by -12.4% against the previous year. Overall, the export price, however, continues to indicate a significant increase. The growth pace was the most rapid in 2021 when the average export price increased by 19%. As a result, the export price attained the peak level of $3,358 per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($4,372 per ton), while the average price for exports to the Netherlands stood at $2,834 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+44.6%).

Frozen Tilapias Imports in Latvia

In 2022, the amount of frozen tilapias imported into Latvia surged to 13 tons, rising by 122% against the previous year's figure. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 250% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, frozen tilapias imports surged to $33K in 2022. In general, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 179% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Frozen Tilapias in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	N/A	N/A	N/A	24.2	0%
Netherlands	2.5	0.7	11.3	9.0	53.3%
Estonia	5.9	6.0	7.2	N/A	10.5%
Others	N/A	N/A	N/A	0.1	0%
Total	8.3	6.6	18.5	33.2	58.7%

Top Suppliers of Frozen Tilapias to Latvia in 2022:

China (10.0 tons)
Netherlands (2.7 tons)

Frozen Tilapias Exports in Latvia

In 2022, exports of frozen tilapias from Latvia skyrocketed to 1.3 tons, jumping by 41% on the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 365% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, frozen tilapias exports soared to $3.9K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 455% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.