Price for Food Preparations Not Elsewhere Specified or Included in Latvia - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Latvia (CIF) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Latvia (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Latvia
- Exports of Food Preparations Not Elsewhere Specified or Included in Latvia
Price for Food Preparations Not Elsewhere Specified or Included in Latvia (CIF) - 2023
In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $6,485 per ton, with a decrease of -8.5% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 20% against the previous month. Over the period under review, average import prices hit record highs at $7,625 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Lithuania ($16,433 per ton), while the price for Vietnam ($1,737 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Latvia (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $9,106 per ton in 2022, shrinking by -6.9% against the previous year. Overall, the export price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 an increase of 51%. Over the period under review, the average export prices attained the maximum at $9,785 per ton in 2021, and then reduced in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($19,802 per ton), while the average price for exports to Italy ($5,677 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 Kazakhstan (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Latvia
In 2022, supplies from abroad of food preparations not elsewhere specified or included was finally on the rise to reach 16K tons after two years of decline. Overall, imports, however, saw a slight downturn.
In value terms, imports of food preparations not elsewhere specified or included rose notably to $98M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Food Preparations Not Elsewhere Specified or Included in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 12.9 | 14.3 | 16.3 | 16.1 | 7.7% |
| Poland | 8.5 | 9.6 | 11.2 | 15.0 | 20.8% |
| Germany | 9.4 | 8.7 | 8.1 | 12.1 | 8.8% |
| Netherlands | 6.3 | 7.4 | 11.0 | 11.4 | 21.9% |
| Ukraine | 9.7 | 8.3 | 4.8 | 6.4 | -12.9% |
| Russia | 2.2 | 4.2 | 5.9 | 5.0 | 31.5% |
| Estonia | 3.5 | 4.0 | 5.0 | 4.4 | 7.9% |
| Italy | 2.4 | 3.7 | 4.4 | 3.9 | 17.6% |
| Sweden | 1.4 | 1.9 | 2.6 | 3.4 | 34.4% |
| France | 1.8 | 2.2 | 2.3 | 3.3 | 22.4% |
| Finland | 1.3 | 1.5 | 2.0 | 2.1 | 17.3% |
| Belgium | 1.2 | 1.4 | 1.4 | 2.0 | 18.6% |
| Vietnam | 0.3 | 0.3 | 0.3 | 0.7 | 32.6% |
| Others | 12.7 | 16.0 | 15.9 | 12.5 | -0.5% |
| Total | 73.6 | 83.6 | 91.1 | 98.2 | 10.1% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Latvia in 2022:
- Poland (2.6K tons)
- Germany (2.1K tons)
- Ukraine (1.9K tons)
- Lithuania (1.8K tons)
- Estonia (1.1K tons)
- France (0.8K tons)
- Sweden (0.8K tons)
- Netherlands (0.7K tons)
- Italy (0.6K tons)
- Finland (0.5K tons)
- Vietnam (0.3K tons)
- Belgium (0.3K tons)
- Russia (0.3K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Latvia
In 2022, the amount of food preparations not elsewhere specified or included exported from Latvia totaled 8.9K tons, increasing by 9.7% on 2021 figures. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included expanded to $81M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.2% 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 +73.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Food Preparations Not Elsewhere Specified or Included in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 9.6 | 10.4 | 12.9 | 13.9 | 13.1% |
| Estonia | 9.3 | 9.2 | 10.8 | 12.1 | 9.2% |
| Russia | 3.8 | 6.2 | 7.2 | 9.0 | 33.3% |
| Belarus | 3.5 | 3.9 | 6.2 | 4.3 | 7.1% |
| Netherlands | 1.6 | 3.9 | 5.8 | 3.5 | 29.8% |
| Poland | 2.1 | 2.0 | 3.5 | 3.5 | 18.6% |
| Italy | 1.4 | 2.5 | 1.9 | 2.7 | 24.5% |
| Greece | 1.3 | 1.6 | 2.2 | 2.6 | 26.0% |
| Denmark | 0.4 | 2.4 | 2.5 | 2.5 | 84.2% |
| Kazakhstan | 0.9 | 1.0 | 1.0 | 2.5 | 40.6% |
| Germany | 0.9 | 1.9 | 1.3 | 2.1 | 32.6% |
| Bulgaria | 1.7 | 1.4 | 1.7 | 2.1 | 7.3% |
| Czech Republic | 1.3 | 1.5 | 1.1 | 1.1 | -5.4% |
| Others | 9.2 | 17.2 | 21.8 | 19.5 | 28.5% |
| Total | 47.0 | 65.1 | 79.8 | 81.5 | 20.1% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Latvia in 2022:
- Lithuania (1931.3 tons)
- Estonia (1836.8 tons)
- Russia (1224.3 tons)
- Belarus (756.3 tons)
- Italy (478.2 tons)
- Poland (313.0 tons)
- Germany (200.8 tons)
- Bulgaria (186.5 tons)
- Kazakhstan (183.6 tons)
- Greece (177.5 tons)
- Czech Republic (177.0 tons)
- Netherlands (175.9 tons)
- Denmark (170.1 tons)
102
This report provides an in-depth analysis of the market for prepared dishes and meal in Latvia.
98
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Latvia.
130
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in Latvia.
1376
This report provides an in-depth analysis of the global market for prepared dishes and meal.
867
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
552
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
102
This report provides an in-depth analysis of the market for prepared dishes and meal in Latvia.
98
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Latvia.
1376
This report provides an in-depth analysis of the global market for prepared dishes and meal.
867
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
228
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
257
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
228
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
