Latvia - Olives (Prepared Or Preserved ) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Olive Price in Latvia - 2023
Contents:
- Preserved Olive Price in Latvia (CIF) - 2023
- Preserved Olive Price in Latvia (FOB) - 2023
- Preserved Olive Imports in Latvia
- Preserved Olive Exports in Latvia
Preserved Olive Price in Latvia (CIF) - 2023
In September 2023, the average preserved olive import price amounted to $2,950 per ton, stabilizing at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 37% m-o-m. As a result, import price attained the peak level of $2,970 per ton. From December 2022 to September 2023, the average import prices remained at a 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 Lithuania ($3,716 per ton), while the price for Greece ($2,268 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 Italy (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Olive Price in Latvia (FOB) - 2023
In September 2023, the average preserved olive export price amounted to $2,766 per ton, leveling off at the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in May 2023 when the average export price increased by 28% m-o-m. As a result, the export price reached the peak level of $3,499 per ton. From June 2023 to September 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Lithuania ($3,010 per ton), while the average price for exports to Estonia ($2,612 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 Kazakhstan (+37.0%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Olive Imports in Latvia
In 2022, purchases abroad of olives prepared or preserved decreased by -24.1% to 1.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, imports reached the peak of 1.8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, preserved olive imports surged to $3M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Preserved Olive in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,279 | 1,531 | 1,288 | 1,605 | 7.9% |
| Italy | 207 | 216 | 301 | 415 | 26.1% |
| Greece | 116 | 194 | 270 | 310 | 38.8% |
| Lithuania | 244 | 239 | 337 | 286 | 5.4% |
| Sweden | 119 | 143 | 157 | 142 | 6.1% |
| Germany | 86.7 | 92.9 | 47.5 | 109 | 7.9% |
| Poland | 44.6 | 78.4 | 97.9 | 36.0 | -6.9% |
| Others | 72.4 | 146 | 60.0 | 66.5 | -2.8% |
| Total | 2,169 | 2,641 | 2,558 | 2,971 | 11.1% |
Top Suppliers of Preserved Olive to Latvia in 2022:
- Spain (815.2 tons)
- Italy (158.9 tons)
- Greece (113.2 tons)
- Lithuania (98.8 tons)
- Sweden (41.6 tons)
- Germany (30.1 tons)
- Poland (8.8 tons)
Preserved Olive Exports in Latvia
In 2022, preserved olive exports from Latvia surged to 713 tons, jumping by 35% against 2021. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.4% 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 +101.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 61%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, preserved olive exports surged to $1.9M in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 64%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Preserved Olive in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 256 | 360 | 831 | 80.2% |
| Estonia | 281 | 306 | 348 | 516 | 22.5% |
| Lithuania | 368 | 398 | 445 | 490 | 10.0% |
| Czech Republic | N/A | N/A | N/A | 27.5 | 0% |
| Kazakhstan | N/A | 9.9 | N/A | 20.4 | 43.5% |
| Uzbekistan | N/A | 77.4 | 22.5 | 1.2 | -87.5% |
| Ukraine | 62.2 | 122 | N/A | N/A | 96.1% |
| Others | 8.2 | 12.1 | 22.4 | 35.4 | 62.8% |
| Total | 719 | 1,182 | 1,199 | 1,922 | 38.8% |
Top Export Markets for Preserved Olive from Latvia in 2022:
- Estonia (229.9 tons)
- Russia (229.7 tons)
- Lithuania (197.5 tons)
- Kazakhstan (20.0 tons)
- Czech Republic (15.5 tons)
- Uzbekistan (4.7 tons)
This report provides an in-depth analysis of the preserved olive 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 10391770 - Prepared or preserved olives (excluding prepared vegetable dishes and olives dried, frozen or preserved by vinegar or acetic acid)
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.
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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
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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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
1592
In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
1154
Hungary dominates in the global trade of prepared sweet corn. In 2014, Hungary exported X thousand tons of prepared sweet corn totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it
1342
Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
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In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
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