Report Update: May 1, 2024

Latvia - Plums And Sloes - Market Analysis, Forecast, Size, Trends and Insights

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Plum and Sloe Price in Latvia - 2023

Plum and Sloe Price in Latvia (CIF) - 2023

In September 2023, the average plum and sloe import price amounted to $837 per ton, surging by 9.7% against the previous month. Over the period under review, the import price saw a temperate increase. The growth pace was the most rapid in November 2022 when the average import price increased by 47% month-to-month. Over the period under review, average import prices hit record highs at $2,500 per ton in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($1,659 per ton), while the price for Ukraine ($566 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 Poland (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Plum and Sloe Price in Latvia (FOB) - 2023

The average plum and sloe export price stood at $947 per ton in September 2023, remaining stable against the previous month. In general, the export price posted a noticeable increase. The growth pace was the most rapid in January 2023 when the average export price increased by 66% month-to-month. Over the period under review, the average export prices hit record highs at $2,795 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In September 2023, the country with the highest price was Lithuania ($949 per ton), while the average price for exports to Estonia stood at $946 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plum and Sloe Imports in Latvia

In 2022, approx. 3.6K tons of plums and sloes were imported into Latvia; picking up by 21% against 2021. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plum and sloe imports contracted modestly to $2.8M in 2022. The total import value increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 35%.

Import of Plum and Sloe in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	395	583	92.1	871	30.2%
Netherlands	339	382	628	634	23.2%
Moldova	468	696	820	354	-8.9%
Italy	308	183	376	272	-4.1%
Spain	209	355	385	225	2.5%
Germany	2.5	2.0	41.2	185	319.8%
Lithuania	73.8	107	203	108	13.5%
North Macedonia	44.6	187	127	67.3	14.7%
Others	132	166	161	92.8	-11.1%
Total	1,972	2,660	2,833	2,809	12.5%

Top Suppliers of Plum and Sloe to Latvia in 2022:

Poland (1742.6 tons)
Moldova (522.8 tons)
Netherlands (425.3 tons)
Italy (308.9 tons)
Spain (161.1 tons)
Lithuania (134.5 tons)
Germany (115.1 tons)
North Macedonia (93.7 tons)

Plum and Sloe Exports in Latvia

In 2022, plum and sloe exports from Latvia skyrocketed to 1.5K tons, increasing by 19% against the year before. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 46%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plum and sloe exports fell slightly to $1.2M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 81% against the previous year.

Export of Plum and Sloe in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	440	768	820	805	22.3%
Lithuania	210	408	440	405	24.5%
Others	0.1	N/A	8.4	21.3	497.2%
Total	650	1,176	1,268	1,232	23.8%

Top Export Markets for Plum and Sloe from Latvia in 2022:

Estonia (955.1 tons)
Lithuania (538.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plum and sloe 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 536 - Plums

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023