Live Fish Price in Latvia - 2023

Contents:

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

Live Fish Price in Latvia (CIF) - 2022

The average live fish import price stood at $3,185 per ton in 2022, dropping by -69% against the previous year. Over the period under review, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 134%. As a result, import price reached the peak level of $10,290 per ton, and then shrank sharply in the following year.

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 Poland ($26,994 per ton), while the price for Belarus ($1,774 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Live Fish Price in Latvia (FOB) - 2022

The average live fish export price stood at $140,068 per ton in 2022, rising by 7,833% against the previous year. Overall, the export price showed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($621,911 per ton), while the average price for exports to Estonia ($1,513 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 Sweden (+93.7%), while the prices for the other major destinations experienced mixed trend patterns.

Live Fish Imports in Latvia

In 2022, after two years of decline, there was significant growth in overseas purchases of live fish, when their volume increased by 989% to 210 tons. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, live fish imports skyrocketed to $669K in 2022. Overall, imports, however, continue to indicate a deep downturn.

Top Suppliers of Live Fish to Latvia in 2022:

1. Belarus (170.1 tons)
2. Lithuania (32.0 tons)
3. Poland (4.1 tons)
4. Estonia (0.3 tons)

Live Fish Exports in Latvia

In 2022, the amount of live fish exported from Latvia skyrocketed to 2.2 tons, jumping by 24% compared with 2021. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 354%. As a result, the exports reached the peak of 17 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, live fish exports surged to $307K in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Live Fish from Latvia in 2022:

1. Lithuania (1630.0 kg)
2. Finland (346.0 kg)
3. Sweden (101.0 kg)
4. Estonia (78.0 kg)
5. Hungary (38.0 kg)

Source: IndexBox Market Intelligence Platform