Latvia: Market for Grated, Powdered and Blue-Veined Cheese 2024

Market Size for Grated, Powdered and Blue-Veined Cheese in Latvia

The Latvian grated and blue cheese market soared to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Grated and blue cheese consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Grated, Powdered and Blue-Veined Cheese in Latvia

In value terms, grated and blue cheese production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. Grated and blue cheese production peaked in 2022 and is likely to see gradual growth in years to come.

Exports of Grated, Powdered and Blue-Veined Cheese

Exports from Latvia

In 2022, shipments abroad of grated, powdered and blue-veined cheese decreased by X% to X tons, falling for the third year in a row after six years of growth. Overall, exports, however, recorded a slight expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, grated and blue cheese exports surged to $X in 2022. In general, exports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for grated and blue cheese exports from Latvia, with a X% share of total exports. Moreover, grated and blue cheese exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Estonia (X% per year).

In value terms, Germany ($X) remains the key foreign market for grated, powdered and blue-veined cheese exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the average grated and blue cheese export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grated and blue cheese export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Lithuania ($X per ton) and Estonia ($X per ton), while the average price for exports to Romania ($X per ton) and the Netherlands ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grated, Powdered and Blue-Veined Cheese

Imports into Latvia

In 2022, approx. X tons of grated, powdered and blue-veined cheese were imported into Latvia; with an increase of X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, grated and blue cheese imports surged to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Lithuania (X tons) and Estonia (X tons) were the main suppliers of grated and blue cheese imports to Latvia, with a combined X% share of total imports. Germany, the Netherlands, Denmark and Ukraine 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 Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grated and blue cheese suppliers to Latvia were Poland ($X), Lithuania ($X) and Estonia ($X), together accounting for X% of total imports. Germany, the Netherlands, Denmark and Ukraine lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grated and blue cheese import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Lithuania ($X per ton), while the price for Ukraine ($X per ton) and Denmark ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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