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

Contents:

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

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

In 2022, the average import price for offal, edible; of swine, fresh or chilled amounted to $1,517 per ton, with a decrease of -14.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the maximum at $2,681 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($2,188 per ton), while the price for Lithuania stood at $1,489 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+54.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for offal, edible; of swine, fresh or chilled stood at $1,045 per ton in 2022, jumping by 55% against the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 186%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($4,269 per ton), while the average price for exports to Poland ($497 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 Finland (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Offal, Edible; of Swine, Fresh or Chilled in Latvia

In 2022, purchases abroad of offal, edible; of swine, fresh or chilled was finally on the rise to reach 216 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt descent.

In value terms, imports of offal, edible; of swine, fresh or chilled soared to $328K in 2022. Overall, imports, however, continue to indicate a sharp shrinkage.

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

1. Lithuania (210.3 tons)
2. Estonia (5.9 tons)

Exports of Offal, Edible; of Swine, Fresh or Chilled in Latvia

In 2022, after three years of growth, there was significant decline in overseas shipments of offal, edible; of swine, fresh or chilled, when their volume decreased by -11.9% to 292 tons. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 204%.

In value terms, exports of offal, edible; of swine, fresh or chilled skyrocketed to $305K in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 228%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Lithuania (187.3 tons)
2. Poland (61.7 tons)
3. Estonia (29.9 tons)
4. Finland (13.2 tons)

Source: IndexBox Market Intelligence Platform