Latvia - Quinces - Market Analysis, Forecast, Size, Trends and Insights
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View PricingQuince Price in Latvia - 2023
Contents:
- Quince Price in Latvia (CIF) - 2022
- Quince Price in Latvia (FOB) - 2022
- Quince Imports in Latvia
- Quince Exports in Latvia
Quince Price in Latvia (CIF) - 2022
In 2022, the average quince import price amounted to $821 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2020 an increase of 46% against the previous year. Over the period under review, average import prices hit record highs at $1,065 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($807 per ton), while the price for Poland ($723 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.4%), while the prices for the other major suppliers experienced a decline.
Quince Price in Latvia (FOB) - 2022
In 2022, the average quince export price amounted to $1,259 per ton, rising by 10% against the previous year. Overall, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 an increase of 74% against the previous year. Over the period under review, the average export prices attained the maximum at $1,823 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($1,426 per ton), while the average price for exports to Estonia stood at $1,202 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+5.0%).
Quince Imports in Latvia
In 2022, approx. 249 tons of quinces were imported into Latvia; with a decrease of -20.2% compared with 2021 figures. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 5% against the previous year.
In value terms, quince imports declined remarkably to $204K in 2022. Over the period under review, imports saw a mild decline. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year. As a result, imports reached the peak of $263K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Quince in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 171 | 240 | 200 | 184 | 2.5% |
| Turkey | 13.7 | 4.1 | 24.3 | 12.3 | -3.5% |
| Poland | 13.1 | 4.3 | 21.0 | 0.3 | -71.6% |
| Others | 18.8 | 14.9 | 7.7 | 7.2 | -27.4% |
| Total | 216 | 263 | 253 | 204 | -1.9% |
Top Suppliers of Quince to Latvia in 2022:
- Netherlands (228.2 tons)
- Turkey (15.8 tons)
- Poland (0.5 tons)
Quince Exports in Latvia
In 2022, overseas shipments of quinces decreased by -46% to 9.2 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 151%. As a result, the exports attained the peak of 30 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, quince exports dropped markedly to $12K in 2022. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 107%. As a result, the exports reached the peak of $30K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Quince in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 14.3 | 27.3 | 15.5 | 8.3 | -16.6% |
| Lithuania | 0.4 | 3.1 | 4.0 | 3.3 | 102.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.7 | 30.5 | 19.5 | 11.6 | -7.6% |
Top Export Markets for Quince from Latvia in 2022:
- Estonia (6.9 tons)
- Lithuania (2.3 tons)
This report provides an in-depth analysis of the quince market 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 523 - Quinces
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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