Latvia - Waffles And Wafers Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWaffle and Wafer Price in Latvia - 2023
Contents:
- Waffle and Wafer Price in Latvia (CIF) - 2023
- Waffle and Wafer Price in Latvia (FOB) - 2023
- Waffle and Wafer Imports in Latvia
- Waffle and Wafer Exports in Latvia
Waffle and Wafer Price in Latvia (CIF) - 2023
The average waffle and wafer import price stood at $4,296 per ton in September 2023, reducing by -5.4% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 17% against the previous month. Over the period under review, average import prices reached the peak figure at $4,541 per ton in August 2023, and then reduced in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($10,929 per ton), while the price for Russia ($2,117 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Waffle and Wafer Price in Latvia (FOB) - 2023
The average waffle and wafer export price stood at $4,100 per ton in September 2023, rising by 4% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in April 2023 an increase of 26% m-o-m. As a result, the export price reached the peak level of $4,165 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Israel ($5,542 per ton), while the average price for exports to Lithuania ($3,639 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Waffle and Wafer Imports in Latvia
In 2022, waffle and wafer imports into Latvia rose remarkably to 2.2K tons, growing by 9.4% compared with 2021. Overall, imports, however, continue to indicate a drastic downturn.
In value terms, waffle and wafer imports surged to $7.9M in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Waffle and Wafer in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1,211 | 1,333 | 1,691 | 2,256 | 23.0% |
| Poland | 520 | 589 | 734 | 1,205 | 32.3% |
| Ukraine | 1,251 | 1,340 | 1,353 | 1,005 | -7.0% |
| Germany | 261 | 192 | 490 | 876 | 49.7% |
| Estonia | 3,242 | 130 | 378 | 672 | -40.8% |
| Netherlands | 323 | 369 | 385 | 570 | 20.8% |
| Austria | 12.7 | 22.3 | 107 | 252 | 170.7% |
| Sweden | 255 | 353 | 108 | 130 | -20.1% |
| Bulgaria | 137 | 140 | 92.2 | 39.5 | -33.9% |
| Others | 504 | 629 | 969 | 907 | 21.6% |
| Total | 7,716 | 5,096 | 6,307 | 7,914 | 0.8% |
Top Suppliers of Waffle and Wafer to Latvia in 2022:
- Lithuania (484.3 tons)
- Poland (464.6 tons)
- Ukraine (374.8 tons)
- Germany (230.2 tons)
- Netherlands (174.1 tons)
- Estonia (171.8 tons)
- Austria (67.0 tons)
- Sweden (46.7 tons)
- Bulgaria (15.2 tons)
Waffle and Wafer Exports in Latvia
In 2022, exports of waffles and wafers from Latvia stood at 1.8K tons, with an increase of 6.8% on 2021 figures. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, waffle and wafer exports dropped slightly to $5.7M in 2022. The total export value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of $5.8M, leveling off in the following year.
| Export of Waffle and Wafer in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 2,471 | 2,973 | 3,353 | 3,103 | 7.9% |
| Estonia | 974 | 777 | 897 | 1,536 | 16.4% |
| United Kingdom | 219 | 291 | 184 | 184 | -5.6% |
| Israel | 72.0 | 150 | 147 | 140 | 24.8% |
| United States | 29.6 | 48.5 | 66.1 | 125 | 61.6% |
| Sweden | 284 | 230 | 74.8 | 1.7 | -81.8% |
| Others | 617 | 545 | 1,035 | 620 | 0.2% |
| Total | 4,667 | 5,015 | 5,756 | 5,711 | 7.0% |
Top Export Markets for Waffle and Wafer from Latvia in 2022:
- Lithuania (1117.0 tons)
- Estonia (485.9 tons)
- United States (47.9 tons)
- United Kingdom (45.8 tons)
- Israel (31.2 tons)
- Sweden (0.3 tons)
This report provides an in-depth analysis of the waffle and wafer 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:
- Prodcom 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
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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