Report Update: May 3, 2024

Latvia - Potato Starch - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Potato Starch Price in Latvia - 2023

Potato Starch Price in Latvia (FOB) - 2023

The average potato starch export price stood at $1,210 per ton in September 2023, falling by -13.8% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in November 2022 an increase of 16% month-to-month. Over the period under review, the average export prices attained the maximum at $1,480 per ton in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($1,915 per ton), while the average price for exports to Sweden ($1,018 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Price in Latvia (CIF) - 2023

In September 2023, the average potato starch import price amounted to $1,104 per ton, reducing by -9.3% against the previous month. Over the period under review, import price indicated a notable expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, potato starch import price decreased by -27.3% against June 2023 indices. The growth pace was the most rapid in June 2023 when the average import price increased by 34% m-o-m. As a result, import price reached the peak level of $1,519 per ton. From July 2023 to September 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were Poland ($1,192 per ton) and Sweden ($1,101 per ton), while the price for Austria ($824 per ton) and Denmark ($931 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Potato Starch Exports in Latvia

In 2022, the amount of potato starch exported from Latvia surged to 4.4K tons, rising by 18% compared with the previous year's figure. The total export volume increased at an average annual rate of +11.9% 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 exports increased by 24% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, potato starch exports expanded sharply to $4.6M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +56.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 25%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Potato Starch in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	852	1,152	1,080	925	2.8%
Russia	0.1	3.2	18.3	901	1980.9%
Kazakhstan	191	172	93.5	461	34.1%
Spain	0.7	199	460	438	755.3%
Netherlands	64.9	100	28.2	328	71.6%
Taiwan (Chinese)	268	368	496	276	1.0%
Uzbekistan	77.5	71.3	31.5	251	48.0%
Estonia	307	386	305	248	-6.9%
United States	547	715	1,144	190	-29.7%
Others	605	479	435	534	-4.1%
Total	2,912	3,645	4,091	4,554	16.1%

Top Export Markets for Potato Starch from Latvia in 2022:

Lithuania (938.9 tons)
Russia (907.5 tons)
Kazakhstan (568.3 tons)
Spain (370.0 tons)
Estonia (258.2 tons)
Netherlands (253.0 tons)
Uzbekistan (240.0 tons)
United States (230.9 tons)
Taiwan (Chinese) (215.8 tons)

Potato Starch Imports in Latvia

In 2022, the amount of potato starch imported into Latvia dropped to 2.6K tons, waning by -3.5% against the previous year's figure. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 134% against the previous year. As a result, imports reached the peak of 2.7K tons, and then dropped slightly in the following year.

In value terms, potato starch imports skyrocketed to $2.5M in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 108%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Potato Starch in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	474	215	604	943	25.8%
Sweden	222	108	323	662	43.9%
Denmark	134	62.8	211	251	23.3%
Austria	155	226	297	223	12.9%
Lithuania	257	236	141	172	-12.5%
Germany	2.5	17.8	247	72.6	207.4%
Czech Republic	N/A	0.5	162	68.8	1073.0%
Others	127	92.3	4.9	97.7	-8.4%
Total	1,373	958	1,989	2,490	21.9%

Top Suppliers of Potato Starch to Latvia in 2022:

Poland (954.2 tons)
Sweden (736.8 tons)
Denmark (347.0 tons)
Lithuania (149.2 tons)
Austria (132.0 tons)
Germany (116.5 tons)
Czech Republic (101.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the potato starch 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:

Prodcom 10621115 - Potato starch

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023