Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Latvia - 2023

Contents:

1. Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Latvia (CIF) - 2022
2. Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Latvia (FOB) - 2022
3. Imports of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Latvia
4. Exports of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Latvia

Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Latvia (CIF) - 2022

In 2022, the average import price for poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat amounted to $3.3 per unit, shrinking by -52.5% against the previous year. Over the period under review, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 108%. Over the period under review, average import prices hit record highs at $11 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($6.6 per unit), while the price for Lithuania totaled $3.2 per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.4%).

Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Latvia (FOB) - 2022

In 2022, the average export price for poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat amounted to $0.7 per unit, which is down by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2018 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $0.9 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($1.1 per unit), while the average price for exports to Poland amounted to $0.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+8.6%).

Imports of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Latvia

In 2022, purchases abroad of poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat was finally on the rise to reach 519K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a pronounced contraction. Over the period under review, imports of poultry; live, fowls of species gallus domesticus, weighing more than 185g meat attained the maximum at 598K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat skyrocketed to $1.7M in 2022. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of poultry; live, fowls of species gallus domesticus, weighing more than 185g meat reached the peak figure at $1.8M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g to Latvia in 2022:

1. Lithuania (498.3K units)
2. Poland (20.6K units)

Exports of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Latvia

For the fourth year in a row, Latvia recorded growth in overseas shipments of poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat, which increased by 11% to 1.9M units in 2022. The total export volume increased at an average annual rate of +10.6% 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 2021 when exports increased by 16% against the previous year. Over the period under review, the exports of poultry; live, fowls of species gallus domesticus, weighing more than 185g meat attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat rose remarkably to $1.4M in 2022. The total export value increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor 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.

Top Export Markets for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g from Latvia in 2022:

1. Poland (1593.6K units)
2. Lithuania (311.7K units)

Source: IndexBox Market Intelligence Platform