Latvia: Lemon And Lime Market 2024

Lemon And Lime Market Size in Latvia

The Latvian lemon and lime market amounted to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Lemon and lime consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Lemon And Lime Exports

Exports from Latvia

Lemon and lime exports from Latvia expanded slightly to X tons in 2022, surging by X% against the year before. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, lemon and lime exports rose significantly to $X in 2022. Over the period under review, total exports indicated a strong expansion 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for lemon and lime exports from Latvia, accounting for a X% share of total exports. Moreover, lemon and lime exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia stood at X%.

In value terms, Estonia ($X) remains the key foreign market for lemons and limes exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Estonia totaled X%.

Export Prices by Country

In 2022, the average lemon and lime export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Estonia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%).

Lemon And Lime Imports

Imports into Latvia

In 2022, approx. X tons of lemons and limes were imported into Latvia; remaining relatively unchanged against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, lemon and lime imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Turkey (X tons) and the Netherlands (X tons) were the main suppliers of lemon and lime imports to Latvia, with a combined X% share of total imports. Germany, Poland, Lithuania, South Africa and Argentina lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lemon and lime suppliers to Latvia were the Netherlands ($X), Spain ($X) and Turkey ($X), with a combined X% share of total imports. Germany, Lithuania, Poland, South Africa and Argentina lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, recorded 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 lemon and lime import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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