Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia - 2023

Contents:

  1. Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia (CIF) - 2022
  2. Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia (FOB) - 2022
  3. Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia
  4. Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia

Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia (CIF) - 2022

The average import price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 stood at $7,405 per ton in 2022, rising by 7.1% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 decreased by -13.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 42%. The import price peaked at $8,541 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($17,878 per ton), while the price for Slovakia ($4,490 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia (FOB) - 2022

In 2022, the average export price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 amounted to $6,198 per ton, with an increase of 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2013 an increase of 21%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($6,513 per ton), while the average price for exports to Spain ($3,173 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 (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia

In 2022, after three years of growth, there was decline in purchases abroad of nuts, edible; mixtures of nuts or dried fruits of chapter 8, when their volume decreased by -0.4% to 386 tons. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of 387 tons, leveling off in the following year.

In value terms, imports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 rose notably to $2.9M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania1,5451,8482,0771,9217.5%
Germany12312449558968.6%
France0.30.321.9191760.3%
Poland4.44.35.467.0147.9%
SlovakiaN/AN/A11.827.6133.9%
Estonia68.289.615.03.2-63.9%
Others46.151.352.657.87.8%
Total1,7872,1172,6782,85716.9%

Top Suppliers of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 to Latvia in 2022:

  1. Lithuania (277.2 tons)
  2. Germany (78.7 tons)
  3. France (10.7 tons)
  4. Poland (6.3 tons)
  5. Slovakia (6.2 tons)
  6. Estonia (0.4 tons)

Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia

For the fourth consecutive year, Latvia recorded growth in shipments abroad of nuts, edible; mixtures of nuts or dried fruits of chapter 8, which increased by 10% to 240 tons in 2022. The total export volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 14%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 surged to $1.5M in 2022. The total export value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia6806535788899.3%
Lithuania29645540248217.6%
Finland22.585.612769.445.6%
Spain9.311.56.918.926.7%
Others64.353.415230.0-22.4%
Total1,0711,2581,2671,48911.6%

Top Export Markets for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 from Latvia in 2022:

  1. Estonia (142.6 tons)
  2. Lithuania (74.0 tons)
  3. Finland (15.2 tons)
  4. Spain (6.0 tons)

Source: IndexBox Market Intelligence Platform

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