Latvia - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Mixed Condiment, Sause and Seasoning in Latvia - 2023
Contents:
- Price for Mixed Condiment, Sause and Seasoning in Latvia (CIF) - 2023
- Price for Mixed Condiment, Sause and Seasoning in Latvia (FOB) - 2023
- Imports of Mixed Condiment, Sause and Seasoning in Latvia
- Exports of Mixed Condiment, Sause and Seasoning in Latvia
Price for Mixed Condiment, Sause and Seasoning in Latvia (CIF) - 2023
The average import price for mixed condiments, sauses and seasonings stood at $4,116 per ton in September 2023, picking up by 7.7% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 19% against the previous month. Over the period under review, average import prices reached the maximum at $4,232 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Estonia ($6,766 per ton), while the price for Ukraine ($1,452 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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mixed Condiment, Sause and Seasoning in Latvia (FOB) - 2023
In September 2023, the average export price for mixed condiments, sauses and seasonings amounted to $5,136 per ton, increasing by 5.6% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in January 2023 an increase of 16% month-to-month. Over the period under review, the average export prices hit record highs in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Belarus ($8,621 per ton), while the average price for exports to the Netherlands ($1,972 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mixed Condiment, Sause and Seasoning in Latvia
In 2022, approx. 11K tons of mixed condiments, sauses and seasonings were imported into Latvia; growing by 4.7% compared with the previous year. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 14%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, mixed condiment, sause and seasoning imports fell to $32M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. As a result, imports attained the peak of $33M, and then shrank modestly in the following year.
| Import of Mixed Condiment, Sause and Seasoning in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 5.7 | 6.4 | 7.5 | 6.7 | 5.5% |
| Germany | 3.7 | 3.7 | 4.4 | 5.2 | 12.0% |
| Poland | 3.2 | 3.3 | 4.3 | 4.1 | 8.6% |
| Lithuania | 3.0 | 3.0 | 2.7 | 3.4 | 4.3% |
| Sweden | 2.0 | 2.0 | 2.8 | 2.7 | 10.5% |
| Italy | 1.1 | 1.4 | 1.5 | 1.4 | 8.4% |
| Russia | 0.7 | 1.0 | 1.3 | 1.3 | 22.9% |
| Netherlands | 0.6 | 0.7 | 1.1 | 1.1 | 22.4% |
| Croatia | 0.8 | 0.9 | 1.1 | 1.0 | 7.7% |
| United Kingdom | 0.8 | 1.4 | 1.1 | 0.9 | 4.0% |
| Thailand | 0.4 | 0.5 | 0.6 | 0.8 | 26.0% |
| Belgium | 0.4 | 0.6 | 0.6 | 0.7 | 20.5% |
| Ukraine | 0.6 | 0.6 | 0.8 | 0.3 | -20.6% |
| Others | 1.2 | 2.2 | 2.8 | 2.3 | 24.2% |
| Total | 24.1 | 27.6 | 32.6 | 32.0 | 9.9% |
Top Suppliers of Mixed Condiment, Sause and Seasoning to Latvia in 2022:
- Poland (1940.9 tons)
- Estonia (1429.3 tons)
- Sweden (1417.0 tons)
- Germany (1253.0 tons)
- Lithuania (1172.8 tons)
- Russia (677.1 tons)
- Netherlands (486.9 tons)
- Thailand (389.3 tons)
- Italy (319.1 tons)
- Croatia (318.0 tons)
- United Kingdom (204.1 tons)
- Belgium (191.6 tons)
- Ukraine (176.8 tons)
Exports of Mixed Condiment, Sause and Seasoning in Latvia
In 2022, approx. 7.8K tons of mixed condiments, sauses and seasonings were exported from Latvia; surging by 5.3% on 2021 figures. The total export volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when exports increased by 6.4% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, mixed condiment, sause and seasoning exports expanded markedly to $26M in 2022. The total export value increased at an average annual rate of +13.4% 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 with an increase of 18%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Mixed Condiment, Sause and Seasoning in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 5.0 | 5.3 | 5.9 | 6.8 | 10.8% |
| Lithuania | 4.3 | 4.5 | 5.6 | 5.7 | 9.9% |
| Finland | 3.3 | 3.8 | 4.3 | 5.4 | 17.8% |
| Uzbekistan | 1.8 | 1.9 | 2.7 | 2.6 | 13.0% |
| Russia | 0.3 | 1.8 | 1.9 | 1.7 | 78.3% |
| Sweden | 0.5 | 0.7 | 1.2 | 0.9 | 21.6% |
| Germany | 0.4 | 0.5 | 0.6 | 0.9 | 31.0% |
| Others | 2.4 | 2.1 | 2.2 | 2.1 | -4.4% |
| Total | 17.9 | 20.6 | 24.3 | 26.1 | 13.4% |
Top Export Markets for Mixed Condiment, Sause and Seasoning from Latvia in 2022:
- Estonia (2237.4 tons)
- Finland (2087.3 tons)
- Lithuania (1685.7 tons)
- Russia (355.2 tons)
- Uzbekistan (298.4 tons)
- Germany (293.9 tons)
- Sweden (209.6 tons)
This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning 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 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
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.
-
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
-
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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