Latvia: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Latvia

The Latvian evaporated and condensed milk market contracted markedly to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a slight decrease. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Evaporated And Condensed Milk in Latvia

In value terms, evaporated and condensed milk production fell to $X in 2022 estimated in export price. In general, production recorded a slight decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Evaporated and condensed milk production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from Latvia

In 2022, exports of evaporated and condensed milk from Latvia surged to X tons, jumping by X% against the previous year's figure. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, evaporated and condensed milk exports soared to $X in 2022. In general, exports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lithuania (X tons), Estonia (X tons) and the Czech Republic (X tons) were the main destinations of evaporated and condensed milk exports from Latvia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for evaporated and condensed milk exported from Latvia were Lithuania ($X), Estonia ($X) and the Czech Republic ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Lithuania ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced a decline.

Imports of Evaporated And Condensed Milk

Imports into Latvia

In 2022, approx. X tons of evaporated and condensed milk were imported into Latvia; with a decrease of X% compared with 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, evaporated and condensed milk imports declined modestly to $X in 2022. Over the period under review, imports, however, continue to indicate mild growth. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Lithuania (X tons), Germany (X tons) and Estonia (X tons) were the main suppliers of evaporated and condensed milk imports to Latvia, together accounting for X% of total imports. The Netherlands and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) constituted the largest supplier of evaporated and condensed milk to Latvia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Lithuania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Estonia (X% per year).

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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