Latvia - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in Latvia - 2023
Contents:
- Hop Price in Latvia (FOB) - 2022
- Hop Price in Latvia (CIF) - 2022
- Hop Exports in Latvia
- Hop Imports in Latvia
Hop Price in Latvia (FOB) - 2022
The average hop export price stood at $51,745 per ton in 2022, surging by 5.2% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 113%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($59,978 per ton), while the average price for exports to the Netherlands ($36,944 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.
Hop Price in Latvia (CIF) - 2022
The average hop import price stood at $19,416 per ton in 2022, with an increase of 22% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hop import price decreased by -15.2% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 48%. As a result, import price attained the peak level of $23,047 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
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 Estonia ($51,451 per ton), while the price for Lithuania ($9,341 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Hop Exports in Latvia
In 2022, approx. 9 tons of hops were exported from Latvia; surging by 15% compared with 2021 figures. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 447%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, hop exports soared to $464K in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,064% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Hop in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 25.9 | 151 | 351 | 268.1% |
| Denmark | N/A | 201 | 173 | 91.2 | -32.6% |
| Netherlands | N/A | 73.8 | 22.0 | 10.5 | -62.3% |
| France | N/A | 16.4 | 19.7 | 6.6 | -36.6% |
| Russia | 29.1 | N/A | N/A | N/A | 0% |
| Sweden | N/A | 10.0 | 11.6 | N/A | 16.0% |
| Others | N/A | 11.1 | 8.0 | 4.5 | -36.3% |
| Total | 29.1 | 339 | 385 | 464 | 151.7% |
Top Export Markets for Hop from Latvia in 2022:
- Belgium (6.9 tons)
- Denmark (1.5 tons)
- Netherlands (0.3 tons)
- France (0.2 tons)
Hop Imports in Latvia
Hop imports into Latvia soared to 14 tons in 2022, jumping by 35% on 2021. Overall, imports, however, recorded a slight setback. The pace of growth was the most pronounced in 2020 when imports increased by 83%. As a result, imports reached the peak of 27 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hop imports soared to $273K in 2022. In general, imports, however, saw a abrupt decline.
| Import of Hop in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 218 | 198 | 128 | 99.2 | -23.1% |
| Belgium | N/A | 1.1 | 0.7 | 67.2 | 681.6% |
| Czech Republic | 24.6 | N/A | N/A | 57.4 | 32.6% |
| Estonia | 49.9 | 9.5 | 21.2 | 20.3 | -25.9% |
| Lithuania | 11.3 | 25.1 | 14.7 | 13.1 | 5.1% |
| United States | 9.4 | 31.6 | N/A | 9.6 | 0.7% |
| United Kingdom | N/A | 129 | N/A | N/A | 0% |
| Canada | 28.3 | 161 | N/A | N/A | 468.9% |
| Others | N/A | 0.4 | 2.2 | 6.5 | 303.1% |
| Total | 342 | 556 | 166 | 273 | -7.2% |
Top Suppliers of Hop to Latvia in 2022:
- Germany (6.8 tons)
- Belgium (3.3 tons)
- Czech Republic (1.7 tons)
- Lithuania (1.4 tons)
- Estonia (0.4 tons)
- United States (0.4 tons)
This report provides an in-depth analysis of the hop 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:
- FCL 677 - Hops
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.
-
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
-
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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