Latvia - Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Prepared or Preserved Fish and Dishes in Latvia - 2023
Contents:
- Price for Prepared or Preserved Fish and Dishes in Latvia (FOB) - 2023
- Price for Prepared or Preserved Fish and Dishes in Latvia (CIF) - 2023
- Exports of Prepared or Preserved Fish and Dishes in Latvia
- Imports of Prepared or Preserved Fish and Dishes in Latvia
Price for Prepared or Preserved Fish and Dishes in Latvia (FOB) - 2023
In December 2023, the average export price for prepared or preserved fish and dishes other than dried, smoked, salted or in brine amounted to $4,088 per ton, with an increase of 17% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 22% m-o-m. As a result, the export price attained the peak level of $4,467 per ton. From June 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the United States ($8,459 per ton), while the average price for exports to Sweden ($2,187 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Prepared or Preserved Fish and Dishes in Latvia (CIF) - 2023
The average import price for prepared or preserved fish and dishes other than dried, smoked, salted or in brine stood at $5,132 per ton in December 2023, falling by -10.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 20% against the previous month. Over the period under review, average import prices hit record highs at $5,756 per ton in November 2023, and then fell in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($10,798 per ton), while the price for Chile ($2,237 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Prepared or Preserved Fish and Dishes in Latvia
In 2022, the amount of prepared or preserved fish and dishes other than dried, smoked, salted or in brine exported from Latvia surged to 39K tons, rising by 19% on the year before. The total export volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine rose remarkably to $131M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Prepared or Preserved Fish and Dishes in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 7.6 | 10.9 | 11.4 | 23.1 | 44.9% |
| Germany | 9.8 | 13.1 | 19.8 | 21.2 | 29.3% |
| Lithuania | 8.6 | 9.7 | 10.1 | 12.5 | 13.3% |
| Sweden | 8.3 | 11.2 | 10.9 | 8.1 | -0.8% |
| Estonia | 4.1 | 5.2 | 6.8 | 8.0 | 25.0% |
| Denmark | 6.7 | 8.7 | 7.7 | 7.3 | 2.9% |
| United States | 3.7 | 8.8 | 6.9 | 6.9 | 23.1% |
| Poland | 4.8 | 5.8 | 5.5 | 5.3 | 3.4% |
| Moldova | 3.0 | 3.3 | 3.5 | 4.4 | 13.6% |
| Czech Republic | 3.2 | 4.1 | 3.5 | 3.7 | 5.0% |
| Israel | 1.8 | 2.3 | 2.4 | 3.2 | 21.1% |
| Uzbekistan | 1.8 | 2.0 | 1.1 | 1.5 | -5.9% |
| United Kingdom | 10.2 | 8.7 | 1.5 | 1.1 | -52.4% |
| Others | 25.3 | 31.5 | 23.7 | 24.4 | -1.2% |
| Total | 99.1 | 125 | 115 | 131 | 9.7% |
Top Export Markets for Prepared or Preserved Fish and Dishes from Latvia in 2022:
- Ukraine (9.3K tons)
- Germany (4.5K tons)
- Sweden (3.9K tons)
- Lithuania (2.6K tons)
- Denmark (2.5K tons)
- Estonia (2.0K tons)
- Moldova (1.9K tons)
- Uzbekistan (1.6K tons)
- United States (1.4K tons)
- Poland (1.3K tons)
- Czech Republic (1.2K tons)
- Israel (0.8K tons)
- United Kingdom (0.3K tons)
Imports of Prepared or Preserved Fish and Dishes in Latvia
In 2022, approx. 8.8K tons of prepared or preserved fish and dishes other than dried, smoked, salted or in brine were imported into Latvia; rising by 20% on the year before. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine skyrocketed to $38M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +44.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Prepared or Preserved Fish and Dishes in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 10.5 | 11.7 | 13.9 | 14.5 | 11.4% |
| Poland | 2.3 | 2.1 | 2.5 | 3.3 | 12.8% |
| Denmark | 1.4 | 1.9 | 1.7 | 2.3 | 18.0% |
| Germany | 1.3 | 0.5 | 1.1 | 2.0 | 15.4% |
| Estonia | 1.3 | 1.3 | 1.3 | 1.8 | 11.5% |
| Netherlands | 1.3 | 1.1 | 1.7 | 1.7 | 9.4% |
| Iceland | 0.4 | 0.6 | 0.9 | 1.6 | 58.7% |
| Norway | 0.3 | 0.8 | 1.4 | 1.3 | 63.0% |
| Vietnam | 1.1 | 1.3 | 1.5 | 1.2 | 2.9% |
| Spain | 0.6 | 0.7 | 1.1 | 1.2 | 26.0% |
| Thailand | 1.3 | 0.7 | 0.7 | 1.1 | -5.4% |
| Chile | N/A | 0.4 | 0.6 | 1.0 | 58.1% |
| France | 0.1 | 0.1 | 0.4 | 0.8 | 100.0% |
| Others | 4.6 | 3.9 | 3.7 | 4.5 | -0.7% |
| Total | 26.6 | 27.0 | 32.4 | 38.3 | 12.9% |
Top Suppliers of Prepared or Preserved Fish and Dishes to Latvia in 2022:
- Lithuania (4239.8 tons)
- Poland (984.6 tons)
- Germany (433.7 tons)
- Chile (369.1 tons)
- Denmark (353.8 tons)
- Estonia (290.6 tons)
- France (262.5 tons)
- Thailand (255.6 tons)
- Vietnam (251.6 tons)
- Iceland (242.1 tons)
- Spain (233.9 tons)
- Netherlands (150.4 tons)
- Norway (139.2 tons)
This report provides an in-depth analysis of the market for prepared or preserved fish and dishes in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10851200 - Prepared meals and dishes based on fish, crustaceans and molluscs
- Prodcom 10202510 - Prepared or preserved salmon, whole or in pieces (excluding minced products and prepared meals and dishes)
- Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
- Prodcom 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)
- Prodcom 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole or in pieces (excluding minced products and prepared meals and dishes)
- Prodcom 10202550 - Prepared or preserved mackerel, whole or in pieces (excluding minced products and prepared meals and dishes)
- Prodcom 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)
- Prodcom 10202570 - Fish fillets in batter or breadcrumbs including fish fingers (excluding prepared meals and dishes)
- Prodcom 10202580 - Other fish, prepared or preserved, whole or in pieces (excluding minced products and prepared meals and dishes)
- Prodcom 10202590 - Prepared or preserved fish (excluding whole or in pieces and prepared meals and dishes)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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