Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia - 2023
Contents:
- Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia (FOB) - 2022
- Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia (CIF) - 2022
- Exports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia
- Imports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia
Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia (FOB) - 2022
The average export price for fish fillets; frozen, haddock (melanogrammus aeglefinus)s stood at $9,329 per ton in 2022, growing by 9.6% against the previous year. Over the period under review, the export price continues to indicate strong growth. The growth pace was the most rapid in 2016 an increase of 118%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10,337 per ton), while the average price for exports to the UK stood at $6,494 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, haddock (melanogrammus aeglefinus)s amounted to $7,454 per ton, declining by -2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 an increase of 51%. The import price peaked at $9,039 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($8,157 per ton), while the price for Iceland amounted to $7,366 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (+2.4%).
Exports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia
In 2022, approx. 286 tons of fish fillets; frozen, haddock (melanogrammus aeglefinus)s were exported from Latvia; picking up by 139% on the previous year. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 908%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s surged to $2.7M in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 1,279% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 600 | 619 | 2,182 | 90.7% |
| United Kingdom | 33.7 | 244 | 316 | 466 | 140.0% |
| Others | 28.7 | 16.4 | 85.1 | 17.7 | -14.9% |
| Total | 62.4 | 861 | 1,020 | 2,666 | 249.6% |
Top Export Markets for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) from Latvia in 2022:
- United States (211.1 tons)
- United Kingdom (71.7 tons)
Imports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia
In 2022, imports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s into Latvia surged to 39 tons, rising by 18% compared with 2021. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 313%. As a result, imports reached the peak of 45 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s expanded remarkably to $292K in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 292% against the previous year. As a result, imports attained the peak of $330K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 31.4 | 213 | 192 | 263 | 103.1% |
| Denmark | 33.8 | 6.5 | 13.9 | 23.4 | -11.5% |
| Russia | N/A | N/A | 25.8 | N/A | 0% |
| United States | N/A | 104 | N/A | N/A | 0% |
| Others | 18.9 | 5.9 | 22.4 | 4.8 | -36.7% |
| Total | 84.1 | 330 | 254 | 292 | 51.4% |
Top Suppliers of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) to Latvia in 2022:
- Iceland (35.8 tons)
- Denmark (2.9 tons)
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