Price for Offal, Edible; of Swine, Livers, Frozen in Latvia - 2023

Contents:

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

Price for Offal, Edible; of Swine, Livers, Frozen in Latvia (CIF) - 2022

In 2022, the average import price for offal, edible; of swine, livers, frozen amounted to $1,011 per ton, growing by 33% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 offal, edible; of swine, livers, frozen increased by +77.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,120 per ton), while the price for France ($721 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Swine, Livers, Frozen in Latvia (FOB) - 2022

In 2022, the average export price for offal, edible; of swine, livers, frozen amounted to $553 per ton, growing by 30% against the previous year. In general, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 100% against the previous year. Over the period under review, the average export prices reached the maximum at $1,045 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($1,062 per ton), while the average price for exports to Poland ($494 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 (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Offal, Edible; of Swine, Livers, Frozen in Latvia

Imports of offal, edible; of swine, livers, frozen into Latvia reduced markedly to 213 tons in 2022, shrinking by -35.4% compared with the previous year. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 330 tons, and then shrank markedly in the following year.

In value terms, imports of offal, edible; of swine, livers, frozen contracted to $215K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 +40.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports reached the peak of $251K, and then dropped in the following year.

Top Suppliers of Offal, Edible; of Swine, Livers, Frozen to Latvia in 2022:

1. Netherlands (54.2 tons)
2. Estonia (46.9 tons)
3. Poland (38.2 tons)
4. Lithuania (32.6 tons)
5. Finland (20.0 tons)
6. Sweden (9.4 tons)
7. Germany (7.3 tons)
8. Czech Republic (2.3 tons)

Exports of Offal, Edible; of Swine, Livers, Frozen in Latvia

In 2022, exports of offal, edible; of swine, livers, frozen from Latvia surged to 95 tons, picking up by 27% against 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,096%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of offal, edible; of swine, livers, frozen skyrocketed to $53K in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 922%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Offal, Edible; of Swine, Livers, Frozen from Latvia in 2022:

1. Poland (67.9 tons)
2. Lithuania (20.1 tons)
3. Estonia (4.3 tons)
4. Bulgaria (2.9 tons)

Source: IndexBox Market Intelligence Platform