Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Latvia - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Latvia (FOB) - 2022
2. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Latvia (CIF) - 2022
3. Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Latvia
4. Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Latvia

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Latvia (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $3,930 per ton, surging by 278% against the previous year. In general, the export price enjoyed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($4,727 per ton), while the average price for exports to Germany ($726 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 Lithuania (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Latvia (CIF) - 2022

The average import price for offal, edible; of bovine animals, fresh or chilleds stood at $1,843 per ton in 2022, shrinking by -34.8% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 44% against the previous year. The import price peaked at $2,825 per ton in 2021, and then reduced rapidly in the following year.

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 Poland ($2,980 per ton), while the price for Lithuania stood at $1,655 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+48.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Latvia

In 2022, the amount of offal, edible; of bovine animals, fresh or chilleds exported from Latvia surged to 1.6K tons, with an increase of 64% on the previous year. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds soared to $6.4M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Latvia in 2022:

1. Netherlands (730.5 tons)
2. Finland (474.2 tons)
3. Poland (166.6 tons)
4. Lithuania (91.5 tons)
5. Italy (66.0 tons)
6. Estonia (60.9 tons)
7. Germany (47.7 tons)

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Latvia

In 2022, after three years of growth, there was significant decline in overseas purchases of offal, edible; of bovine animals, fresh or chilleds, when their volume decreased by -30.1% to 407 tons. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds declined rapidly to $751K in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 72%. As a result, imports attained the peak of $1.6M, and then shrank notably in the following year.

Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Latvia in 2022:

1. Lithuania (368.7 tons)
2. Poland (29.6 tons)

Source: IndexBox Market Intelligence Platform