Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia - 2023
Contents:
- Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia (CIF) - 2023
- Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia (FOB) - 2022
- Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia
- Exports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia
Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia (CIF) - 2023
The average import price for nuts, edible; almonds, fresh or dried, shelleds stood at $4,906 per ton in September 2023, declining by -9.8% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 50% m-o-m. As a result, import price attained the peak level of $7,649 per ton. From August 2023 to September 2023, the average import prices remained at a somewhat 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 Germany ($8,745 per ton), while the price for the United States ($3,981 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia (FOB) - 2022
In 2022, the average export price for nuts, edible; almonds, fresh or dried, shelleds amounted to $6,066 per ton, falling by -7.5% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for nuts, edible; almonds, fresh or dried, shelleds decreased by -40.6% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 33%. The export price peaked at $10,208 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($6,533 per ton), while the average price for exports to Lithuania stood at $5,407 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia
In 2022, overseas purchases of nuts, edible; almonds, fresh or dried, shelleds decreased by -17.1% to 546 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports attained the peak of 659 tons, and then contracted dramatically in the following year.
In value terms, imports of nuts, edible; almonds, fresh or dried, shelleds shrank remarkably to $3M in 2022. Over the period under review, imports recorded a perceptible reduction. The growth pace was the most rapid in 2020 with an increase of 2.5%.
| Import of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,498 | 1,536 | 1,816 | 1,580 | 1.8% |
| Lithuania | 1,019 | 1,127 | 1,142 | 778 | -8.6% |
| Spain | 409 | 427 | 365 | 265 | -13.5% |
| Germany | 108 | 29.4 | 134 | 185 | 19.7% |
| Italy | 13.3 | 67.1 | 96.4 | 65.5 | 70.1% |
| Netherlands | 184 | 272 | 2.0 | 51.8 | -34.5% |
| Others | 204 | 62.7 | 35.8 | 55.4 | -35.2% |
| Total | 3,436 | 3,521 | 3,591 | 2,980 | -4.6% |
Top Suppliers of Nuts, Edible; Almonds, Fresh or Dried, Shelled to Latvia in 2022:
- United States (318.2 tons)
- Lithuania (127.4 tons)
- Spain (46.3 tons)
- Germany (26.5 tons)
- Italy (11.6 tons)
- Netherlands (8.5 tons)
Exports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia
In 2022, after three years of growth, there was decline in overseas shipments of nuts, edible; almonds, fresh or dried, shelleds, when their volume decreased by -2.9% to 182 tons. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 166% against the previous year.
In value terms, exports of nuts, edible; almonds, fresh or dried, shelleds declined to $1.1M in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 165%. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 383 | 541 | 564 | 685 | 21.4% |
| Lithuania | 97.4 | 772 | 619 | 409 | 61.3% |
| Others | 22.0 | 19.2 | 43.1 | 7.4 | -30.5% |
| Total | 502 | 1,332 | 1,226 | 1,102 | 30.0% |
Top Export Markets for Nuts, Edible; Almonds, Fresh or Dried, Shelled from Latvia in 2022:
- Estonia (104.8 tons)
- Lithuania (75.7 tons)
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