Latvia - Condensed Or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Unsweetened Condensed and Evaporated Milk in Latvia - 2023
Contents:
- Price for Unsweetened Condensed and Evaporated Milk in Latvia (CIF) - 2022
- Price for Unsweetened Condensed and Evaporated Milk in Latvia (FOB) - 2022
- Imports of Unsweetened Condensed and Evaporated Milk in Latvia
- Exports of Unsweetened Condensed and Evaporated Milk in Latvia
Price for Unsweetened Condensed and Evaporated Milk in Latvia (CIF) - 2022
In 2022, the average import price for condensed or evaporated milk (unsweetened) amounted to $2,498 per ton, with an increase of 19% against the previous year. Overall, the import price saw a noticeable expansion. The pace of growth appeared the most rapid in 2019 an increase of 52% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 Lithuania ($2,811 per ton), while the price for Poland ($1,543 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Unsweetened Condensed and Evaporated Milk in Latvia (FOB) - 2022
The average export price for condensed or evaporated milk (unsweetened) stood at $3,126 per ton in 2022, surging by 40% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable slump. Over the period under review, the average export prices reached the maximum at $3,972 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($3,370 per ton), while the average price for exports to the UK ($2,671 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 Poland (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Unsweetened Condensed and Evaporated Milk in Latvia
In 2022, approx. 178 tons of condensed or evaporated milk (unsweetened) were imported into Latvia; with an increase of 6.6% on the previous year. Over the period under review, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
In value terms, unsweetened condensed and evaporated milk imports soared to $444K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +60.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Unsweetened Condensed and Evaporated Milk in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 268 | 243 | 264 | 324 | 6.5% |
| Germany | 13.7 | 10.1 | 17.1 | 64.3 | 67.4% |
| Estonia | 30.6 | 19.8 | 57.1 | 40.3 | 9.6% |
| Poland | 4.9 | 0.4 | 2.8 | 9.0 | 22.5% |
| Others | 6.2 | 3.8 | 10.0 | 6.0 | -1.1% |
| Total | 323 | 278 | 351 | 444 | 11.2% |
Top Suppliers of Unsweetened Condensed and Evaporated Milk to Latvia in 2022:
- Lithuania (115.4 tons)
- Germany (34.5 tons)
- Estonia (19.3 tons)
- Poland (5.9 tons)
Exports of Unsweetened Condensed and Evaporated Milk in Latvia
In 2022, overseas shipments of condensed or evaporated milk (unsweetened) decreased by -22.4% to 1.8 tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 918%. As a result, the exports reached the peak of 6.7 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, unsweetened condensed and evaporated milk exports stood at $5.7K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 873% against the previous year. As a result, the exports reached the peak of $15K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Unsweetened Condensed and Evaporated Milk in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | 6.1 | 0.9 | 2.7 | -33.5% |
| Lithuania | 1.4 | 1.9 | 3.7 | 2.3 | 18.0% |
| United Kingdom | N/A | N/A | N/A | 0.7 | 0% |
| Poland | N/A | 6.6 | 0.5 | N/A | -92.4% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 1.5 | 14.7 | 5.3 | 5.7 | 56.0% |
Top Export Markets for Unsweetened Condensed and Evaporated Milk from Latvia in 2022:
- Estonia (893.0 kg)
- Lithuania (681.0 kg)
- United Kingdom (246.0 kg)
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk 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:
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
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
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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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