Report Update: May 2, 2024

Latvia - Prepared Or Preserved Hams And Cuts Of Swine Meat - Market Analysis, Forecast, Size, Trends And Insights

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Preserved Swine Meat Price in Latvia - 2023

Preserved Swine Meat Price in Latvia (CIF) - 2023

The average preserved swine meat import price stood at $5,984 per ton in September 2023, stabilizing at the previous month. Over the period under review, import price indicated tangible growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, preserved swine meat import price decreased by -1.5% against August 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 25% m-o-m. Over the period under review, average import prices reached the maximum at $6,073 per ton in August 2023, and then contracted slightly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10,296 per ton), while the price for Poland ($5,360 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 Lithuania (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Preserved Swine Meat Price in Latvia (FOB) - 2023

The average preserved swine meat export price stood at $5,639 per ton in September 2023, picking up by 7.1% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +3.4%. The most prominent rate of growth was recorded in April 2023 an increase of 29% against the previous month. Over the period under review, the average export prices attained the maximum at $5,895 per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In September 2023, the country with the highest price was Germany ($7,299 per ton), while the average price for exports to Estonia ($5,547 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 Estonia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Meat Imports in Latvia

For the fourth consecutive year, Latvia recorded growth in purchases abroad of prepared or preserved hams and cuts of swine meat, which increased by 97% to 802 tons in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine meat imports surged to $3.6M in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Preserved Swine Meat in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	817	912	726	1,428	20.5%
Poland	201	211	308	876	63.3%
Czech Republic	N/A	N/A	93.9	505	437.8%
Lithuania	118	164	379	261	30.3%
Italy	124	228	278	209	19.0%
Germany	78.2	134	153	202	37.2%
Spain	168	335	79.3	52.6	-32.1%
Others	26.7	206	14.7	15.8	-16.0%
Total	1,533	2,190	2,032	3,550	32.3%

Top Suppliers of Preserved Swine Meat to Latvia in 2022:

Estonia (331.3 tons)
Poland (227.0 tons)
Czech Republic (104.4 tons)
Lithuania (77.0 tons)
Germany (33.8 tons)
Italy (19.5 tons)
Spain (7.7 tons)

Preserved Swine Meat Exports in Latvia

For the fourth year in a row, Latvia recorded growth in shipments abroad of prepared or preserved hams and cuts of swine meat, which increased by 62% to 558 tons in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine meat exports surged to $2.3M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.2% 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 +82.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Preserved Swine Meat in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	774	885	1,021	1,902	34.9%
Lithuania	254	248	345	243	-1.5%
Norway	N/A	47.4	86.4	115	55.8%
Germany	N/A	N/A	105	74.7	-28.9%
Others	258	611	29.5	14.2	-62.0%
Total	1,286	1,792	1,587	2,348	22.2%

Top Export Markets for Preserved Swine Meat from Latvia in 2022:

Estonia (490.7 tons)
Lithuania (42.5 tons)
Germany (11.9 tons)
Norway (10.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the preserved swine meat 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 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)

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