Latvia - Chocolate Bars With Fillings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chocolate Bar with Filling in Latvia - 2023
Contents:
- Price for Chocolate Bar with Filling in Latvia (CIF) - 2023
- Price for Chocolate Bar with Filling in Latvia (FOB) - 2023
- Imports of Chocolate Bar with Filling in Latvia
- Exports of Chocolate Bar with Filling in Latvia
Price for Chocolate Bar with Filling in Latvia (CIF) - 2023
In September 2023, the average chocolate bar with filling import price amounted to $7,511 per ton, rising by 20% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in August 2023 an increase of 24% m-o-m. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Poland ($11,678 per ton), while the price for Ukraine ($3,133 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 the Netherlands (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chocolate Bar with Filling in Latvia (FOB) - 2023
In September 2023, the average chocolate bar with filling export price amounted to $4,401 per ton, approximately equating the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 9.5% against the previous month. As a result, the export price reached the peak level of $4,799 per ton. From February 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was the UK ($7,935 per ton), while the average price for exports to Lithuania ($3,861 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 the UK (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chocolate Bar with Filling in Latvia
In 2022, supplies from abroad of chocolate bars with fillings was finally on the rise to reach 4K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a pronounced setback.
In value terms, chocolate bar with filling imports reached $20M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 4% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Chocolate Bar with Filling in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 5.7 | 6.4 | 6.6 | 6.6 | 5.0% |
| Lithuania | 5.6 | 5.6 | 5.2 | 6.1 | 2.9% |
| Netherlands | 4.1 | 3.7 | 3.4 | 3.0 | -9.9% |
| Germany | 0.7 | 0.6 | 0.9 | 1.5 | 28.9% |
| Estonia | 0.7 | 0.9 | 1.2 | 1.2 | 19.7% |
| Austria | 0.3 | 0.6 | 0.7 | 0.6 | 26.0% |
| Others | 1.3 | 1.4 | 0.7 | 0.4 | -32.5% |
| Total | 18.4 | 19.1 | 18.8 | 19.5 | 2.0% |
Top Suppliers of Chocolate Bar with Filling to Latvia in 2022:
- Poland (1208.8 tons)
- Netherlands (1118.0 tons)
- Lithuania (1068.1 tons)
- Germany (303.7 tons)
- Estonia (153.6 tons)
- Austria (85.5 tons)
Exports of Chocolate Bar with Filling in Latvia
In 2022, the amount of chocolate bars with fillings exported from Latvia rose modestly to 2.9K tons, increasing by 3.5% compared with the year before. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, chocolate bar with filling exports expanded modestly to $12M in 2022. The total export value increased at an average annual rate of +13.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 24%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Chocolate Bar with Filling in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 1.8 | 2.8 | 3.8 | 4.6 | 36.7% |
| Lithuania | 3.4 | 3.6 | 4.4 | 4.5 | 9.8% |
| United Kingdom | 0.3 | 0.6 | 0.8 | 0.7 | 32.6% |
| United States | 0.4 | 0.5 | 0.7 | 0.6 | 14.5% |
| Russia | 0.5 | 0.4 | 0.4 | 0.2 | -26.3% |
| Others | 1.8 | 1.2 | 1.4 | 1.3 | -10.3% |
| Total | 8.2 | 9.3 | 11.4 | 11.9 | 13.2% |
Top Export Markets for Chocolate Bar with Filling from Latvia in 2022:
- Lithuania (1372.5 tons)
- Estonia (1179.7 tons)
- United Kingdom (101.2 tons)
- United States (60.7 tons)
- Russia (31.9 tons)
This report provides an in-depth analysis of the market for chocolate bar with filling 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 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
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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