Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia (FOB) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia (FOB) - 2023
In September 2023, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $3,030 per ton, which is down by -1.6% against the previous month. Over the last nine months, it increased at an average monthly rate of +6.8%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 51% against the previous month. The export price peaked at $3,079 per ton in August 2023, and then dropped modestly in the following month.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was France ($4,070 per ton), while the average price for exports to Lithuania ($2,418 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia (CIF) - 2022
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $4,284 per ton in 2022, with a decrease of -56.9% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 554% against the previous year. The import price peaked at $17,947 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($23,919 per ton), while the price for the UK ($2,565 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-6.3%), while the prices for the other major suppliers experienced a decline.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia
In 2022, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s from Latvia totaled 11K tons, with an increase of 14% against the year before. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.8% 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 +85.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $16M in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 46%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 58.3 | 821 | 2,654 | 2,700 | 259.1% |
| Spain | 1,047 | 903 | 1,162 | 2,243 | 28.9% |
| France | 2,483 | 1,754 | 2,162 | 2,175 | -4.3% |
| Denmark | 1,176 | 1,995 | 712 | 1,933 | 18.0% |
| Poland | 46.6 | 27.0 | 585 | 1,298 | 203.1% |
| Czech Republic | 239 | 121 | 663 | 1,235 | 72.9% |
| Nigeria | N/A | N/A | 257 | 1,180 | 359.1% |
| Netherlands | 197 | 124 | 494 | 1,054 | 74.9% |
| Germany | N/A | 117 | 1,192 | 872 | 173.0% |
| Turkey | N/A | 1,036 | 389 | 504 | -30.3% |
| Greece | 186 | 632 | 505 | 370 | 25.8% |
| Others | 868 | 1,645 | 1,284 | 920 | 2.0% |
| Total | 6,302 | 9,174 | 12,057 | 16,485 | 37.8% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Latvia in 2022:
- Lithuania (1919.7 tons)
- France (1810.0 tons)
- Denmark (1669.1 tons)
- Spain (1500.4 tons)
- Germany (711.1 tons)
- Poland (687.9 tons)
- Czech Republic (665.2 tons)
- Netherlands (603.4 tons)
- Nigeria (595.2 tons)
- Greece (341.3 tons)
- Turkey (330.0 tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia
In 2022, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into Latvia surged to 59 tons, increasing by 105% against the year before. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 1,238%. As a result, imports attained the peak of 966 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s reduced to $253K in 2022. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 663%. As a result, imports reached the peak of $1.5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 71.6 | 110 | N/A | 115 | 17.1% |
| Lithuania | 0.8 | 0.8 | 247 | 102 | 403.3% |
| Poland | 17.5 | 21.2 | 21.7 | 25.5 | 13.4% |
| Estonia | 94.1 | 167 | N/A | N/A | 77.5% |
| Mauritania | N/A | 1,169 | N/A | N/A | 0% |
| Others | 8.5 | 2.8 | 17.7 | 11.5 | 10.6% |
| Total | 193 | 1,470 | 286 | 253 | 9.4% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Latvia in 2022:
- United Kingdom (44.7 tons)
- Lithuania (12.3 tons)
- Poland (1.1 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Latvia.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Latvia.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
