Latvia - Dog And Cat Food - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Dog and Cat Food in Latvia - 2023
Contents:
- Price for Dog and Cat Food in Latvia (CIF) - 2023
- Price for Dog and Cat Food in Latvia (FOB) - 2022
- Imports of Dog and Cat Food in Latvia
- Exports of Dog and Cat Food in Latvia
Price for Dog and Cat Food in Latvia (CIF) - 2023
The average dog and cat food import price stood at $2,528 per ton in September 2023, flattening at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in May 2023 an increase of 8.3% against the previous month. Over the period under review, average import prices reached the maximum at $2,546 per ton in June 2023; afterwards, it flattened through to 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 the Czech Republic ($3,719 per ton), while the price for Spain ($1,430 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 (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dog and Cat Food in Latvia (FOB) - 2022
The average dog and cat food export price stood at $1,216 per ton in 2022, which is down by -5.3% against the previous year. In general, the export price recorded a slight reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 68%. As a result, the export price attained the peak level of $1,570 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($1,885 per ton), while the average price for exports to Lithuania ($798 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dog and Cat Food in Latvia
For the fourth consecutive year, Latvia recorded growth in purchases abroad of dog and cat food, which increased by 3.1% to 50K tons in 2022. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 6.1% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, dog and cat food imports expanded significantly to $94M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 14%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Dog and Cat Food in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 27.1 | 30.4 | 36.7 | 36.8 | 10.7% |
| Poland | 15.3 | 16.9 | 18.1 | 17.5 | 4.6% |
| Germany | 5.3 | 6.8 | 7.6 | 9.5 | 21.5% |
| Czech Republic | 3.6 | 4.0 | 4.8 | 5.2 | 13.0% |
| Italy | 1.2 | 1.6 | 1.8 | 4.1 | 50.6% |
| Netherlands | 2.0 | 1.6 | 2.1 | 3.3 | 18.2% |
| Canada | 0.9 | 0.7 | 1.8 | 2.9 | 47.7% |
| Hungary | 1.8 | 1.9 | 2.9 | 2.9 | 17.2% |
| Spain | 4.4 | 4.9 | 3.0 | 2.2 | -20.6% |
| France | 1.6 | 1.2 | 1.2 | 1.3 | -6.7% |
| Others | 4.4 | 5.9 | 6.8 | 7.9 | 21.5% |
| Total | 67.5 | 75.8 | 86.8 | 93.6 | 11.5% |
Top Suppliers of Dog and Cat Food to Latvia in 2022:
- Lithuania (16.4K tons)
- Poland (13.6K tons)
- Germany (4.7K tons)
- Czech Republic (2.8K tons)
- Hungary (2.2K tons)
- Italy (2.1K tons)
- Spain (1.6K tons)
- Netherlands (1.5K tons)
- Canada (0.8K tons)
- France (0.8K tons)
Exports of Dog and Cat Food in Latvia
For the fourth year in a row, Latvia recorded growth in shipments abroad of dog and cat food, which increased by 18% to 24K tons in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% 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 +65.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, dog and cat food exports expanded notably to $29M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +58.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 29%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Dog and Cat Food in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 8.9 | 9.8 | 11.4 | 12.0 | 10.5% |
| Estonia | 9.1 | 9.6 | 11.2 | 10.5 | 4.9% |
| Russia | N/A | 0.2 | 0.2 | 2.2 | 231.7% |
| Denmark | N/A | 0.1 | 0.4 | 0.5 | 123.6% |
| Others | 0.4 | 0.6 | 3.0 | 3.9 | 113.6% |
| Total | 18.4 | 20.2 | 26.2 | 29.2 | 16.6% |
Top Export Markets for Dog and Cat Food from Latvia in 2022:
- Lithuania (15.0K tons)
- Estonia (6.3K tons)
- Russia (1.2K tons)
- Denmark (0.7K tons)
This report provides an in-depth analysis of the market for dog and cat food 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 10921030 - Dog or cat food, p.r.s.
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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