Latvia - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Beet Price in Latvia - 2023
Contents:
- Sugar Beet Price in Latvia (FOB) - 2022
- Sugar Beet Price in Latvia (CIF) - 2022
- Sugar Beet Exports in Latvia
- Sugar Beet Imports in Latvia
Sugar Beet Price in Latvia (FOB) - 2022
In 2022, the average sugar beet export price amounted to $122 per ton, waning by -9% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs at $259 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($1,254 per ton), while the average price for exports to Lithuania amounted to $121 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+41.5%), while the prices for the other major destinations experienced a decline.
Sugar Beet Price in Latvia (CIF) - 2022
The average sugar beet import price stood at $168 per ton in 2022, flattening at the previous year. Overall, the import price showed a pronounced shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $300 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Lithuania.
From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to -3.2% per year.
Sugar Beet Exports in Latvia
In 2022, shipments abroad of sugar beet decreased by -6.6% to 15K tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54%. As a result, the exports reached the peak of 20K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sugar beet exports reduced to $1.8M in 2022. Overall, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 40%. As a result, the exports reached the peak of $2.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Sugar Beet in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1.4 | 2.7 | 2.2 | 1.8 | 8.7% |
| Estonia | 0.6 | 0.2 | N/A | N/A | -66.7% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 2.1 | 2.9 | 2.2 | 1.8 | -5.0% |
Top Export Markets for Sugar Beet from Latvia in 2022:
- Estonia (undefinedK tons)
- Lithuania (15.1K tons)
Sugar Beet Imports in Latvia
In 2022, purchases abroad of sugar beet was finally on the rise to reach 3.2K tons after two years of decline. In general, imports, however, continue to indicate a abrupt curtailment.
In value terms, sugar beet imports soared to $532K in 2022. Over the period under review, imports, however, showed a precipitous contraction.
| Import of Sugar Beet in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1,541 | 288 | 215 | 529 | -30.0% |
| Others | N/A | N/A | N/A | 2.7 | 0% |
| Total | 1,541 | 288 | 215 | 532 | -29.8% |
Top Suppliers of Sugar Beet to Latvia in 2022:
- Lithuania (3.2K tons)
This report provides an in-depth analysis of the sugar beet 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 157 - Sugar beet
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
- 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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Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9%
6654
Global sugar beet consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
2334
In 2015, the countries with the highest levels of sugar beet production were France (X thousand tons), Germany (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
2230
The Netherlands dominates in the global sugar beet trade. In 2014, the Netherlands exported X thousand tons of sugar beet totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its tot
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In 2015, the country with the largest volume of the chicory output was Belgium (X thousand tons), accounting for X% of global production.
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Despite somewhat disappointing export numbers in 2014, Italy continued to lead the way in the global chicory trade. In 2014, Italy exported X thousand tons of chicory totaling X million USD, X% under the previous year. Its primary trading partner w
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2324
Spain continued its dominance in the global sugar cane trade. In 2014, Spain exported X kt of sugar cane totaling $X, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total sugar cane exports in
