Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia - 2023
Contents:
- Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia (CIF) - 2023
- Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia (FOB) - 2022
- Imports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia
- Exports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia
Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia (CIF) - 2023
The average import price for fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s stood at $2,075 per ton in October 2023, increasing by 2.6% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 11% m-o-m. Over the period under review, average import prices reached the peak figure in October 2023.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Denmark ($2,384 per ton), while the price for Sweden ($1,986 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Iceland (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s amounted to $1,883 per ton, approximately reflecting the previous year. In general, the export price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the maximum at $2,642 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,999 per ton), while the average price for exports to Lithuania ($1,880 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 Estonia (-3.2%), while the prices for the other major destinations experienced a decline.
Imports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia
In 2022, supplies from abroad of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s decreased by -27.7% to 1.7K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 104%. As a result, imports attained the peak of 3.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s dropped rapidly to $2.8M in 2022. In general, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 111%. As a result, imports attained the peak of $4.6M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 483 | 677 | 518 | 1,752 | 53.6% |
| Sweden | 179 | 61.4 | 213 | 419 | 32.8% |
| United Kingdom | 407 | 1,625 | 659 | 343 | -5.5% |
| Lithuania | 577 | 1,680 | 1,630 | 206 | -29.1% |
| Estonia | 159 | 127 | 493 | 61.3 | -27.2% |
| Denmark | N/A | N/A | N/A | 34.7 | 0% |
| Germany | 247 | 52.6 | N/A | N/A | -78.7% |
| Iceland | 146 | 334 | 29.4 | N/A | -55.1% |
| Others | N/A | 74.0 | 268 | N/A | 262.2% |
| Total | 2,197 | 4,631 | 3,811 | 2,816 | 8.6% |
Top Suppliers of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) to Latvia in 2022:
- Norway (1008.3 tons)
- Sweden (263.4 tons)
- United Kingdom (254.9 tons)
- Lithuania (87.3 tons)
- Denmark (29.7 tons)
- Estonia (23.1 tons)
Exports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia
In 2022, exports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s from Latvia reduced to 519 tons, declining by -5.3% compared with the year before. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 56% against the previous year.
In value terms, exports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s shrank to $978K in 2022. Over the period under review, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when exports increased by 82%.
| Export of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 821 | 242 | 789 | 694 | -5.4% |
| Estonia | 216 | 304 | 198 | 256 | 5.8% |
| Germany | N/A | N/A | N/A | 20.0 | 0% |
| Others | 14.3 | 16.9 | 36.9 | 8.4 | -16.3% |
| Total | 1,051 | 563 | 1,023 | 978 | -2.4% |
Top Export Markets for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) from Latvia in 2022:
- Lithuania (368.9 tons)
- Estonia (135.9 tons)
- Germany (10.0 tons)
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