Price for Wine; Still, in Containers Holding 2 Litres or Less in Latvia - 2023
Contents:
- Price for Wine; Still, in Containers Holding 2 Litres or Less in Latvia (CIF) - 2023
- Price for Wine; Still, in Containers Holding 2 Litres or Less in Latvia (FOB) - 2023
- Imports of Wine; Still, in Containers Holding 2 Litres or Less in Latvia
- Exports of Wine; Still, in Containers Holding 2 Litres or Less in Latvia
Price for Wine; Still, in Containers Holding 2 Litres or Less in Latvia (CIF) - 2023
The average import price for wine; still, in containers holding 2 litres or lesses stood at $4.0 per litre in November 2023, rising by 3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 13% against the previous month. Over the period under review, average import prices hit record highs in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($6.5 per litre), while the price for Portugal ($2.5 per litre) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding 2 Litres or Less in Latvia (FOB) - 2023
In November 2023, the average export price for wine; still, in containers holding 2 litres or lesses amounted to $4.1 per litre, increasing by 5.6% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in August 2023 an increase of 17% m-o-m. The export price peaked in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($5.3 per litre), while the average price for exports to Belarus ($3.0 per litre) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding 2 Litres or Less in Latvia
In 2022, imports of wine; still, in containers holding 2 litres or lesses into Latvia rose notably to 90M litres, with an increase of 11% on the year before. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 224%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of wine; still, in containers holding 2 litres or lesses totaled $257M in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 214%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Wine; Still, in Containers Holding 2 Litres or Less in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 17.5 | 57.6 | 68.5 | 75.1 | 62.5% |
| France | 10.2 | 52.9 | 60.3 | 53.6 | 73.9% |
| Spain | 10.7 | 49.2 | 49.9 | 50.1 | 67.3% |
| Portugal | 3.8 | 11.3 | 21.6 | 23.9 | 84.6% |
| Germany | 5.3 | 13.8 | 12.0 | 12.9 | 34.5% |
| Estonia | 3.1 | 4.0 | 4.6 | 8.7 | 41.1% |
| Cyprus | N/A | 0.5 | 1.1 | 7.4 | 284.7% |
| Georgia | 3.7 | 4.0 | 4.8 | 4.5 | 6.7% |
| Lithuania | 2.9 | 3.3 | 3.2 | 2.4 | -6.1% |
| Others | 11.9 | 20.2 | 16.7 | 18.2 | 15.2% |
| Total | 69.0 | 217 | 243 | 257 | 55.0% |
Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to Latvia in 2022:
- Italy (24.2M litres)
- Spain (23.1M litres)
- France (14.7M litres)
- Portugal (11.2M litres)
- Germany (5.0M litres)
- Estonia (2.4M litres)
- Cyprus (2.2M litres)
- Georgia (1.3M litres)
- Lithuania (0.8M litres)
Exports of Wine; Still, in Containers Holding 2 Litres or Less in Latvia
In 2022, the amount of wine; still, in containers holding 2 litres or lesses exported from Latvia amounted to 81M litres, increasing by 4.8% on 2021 figures. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 331% against the previous year. 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 wine; still, in containers holding 2 litres or lesses fell slightly to $235M in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 279%. Over the period under review, the exports of attained the peak figure at $240M in 2021, and then shrank modestly in the following year.
| Export of Wine; Still, in Containers Holding 2 Litres or Less in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 47.7 | 201 | 224 | 219 | 66.2% |
| Kazakhstan | 0.4 | 4.5 | 6.3 | 6.1 | 148.0% |
| Estonia | 2.4 | 2.5 | 3.1 | 4.3 | 21.5% |
| Others | 6.3 | 6.9 | 6.5 | 5.7 | -3.3% |
| Total | 56.7 | 215 | 240 | 235 | 60.6% |
Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from Latvia in 2022:
- Russia (76.1M litres)
- Kazakhstan (1.7M litres)
- Estonia (1.4M litres)
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