Wine Lees; Argol Price in Latvia - 2023

Wine Lees; Argol Price in Latvia (CIF) - 2022

The average wine lees; argol import price stood at $52,333 per ton in 2021, surging by 10% against the previous year. Over the period from 2016 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Lithuania.

From 2016 to 2021, the rate of growth in terms of prices for Lithuania amounted to +1.3% per year.

Wine Lees; Argol Imports in Latvia

After two years of growth, supplies from abroad of wine lees; argol decreased by -85% to 3 kg in 2021. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 900%. As a result, imports reached the peak of 20 kg, and then declined dramatically in the following year.

In value terms, wine lees; argol imports fell remarkably to $157 in 2021. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 991% against the previous year. As a result, imports attained the peak of $949, and then dropped sharply in the following year.