Latvia: Dry Peas Market 2024

Dry Peas Market Size in Latvia

The Latvian dry peas market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Dry Peas Production in Latvia

In value terms, dry peas production fell modestly to $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The average yield of peas (dry) in Latvia expanded modestly to X tons per ha in 2022, with an increase of X% against the year before. In general, the yield, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the average dry peas yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The dry peas harvested area in Latvia skyrocketed to X ha in 2022, increasing by X% compared with the year before. Over the period under review, the harvested area enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to dry peas production attained the peak figure in 2022 and is expected to retain growth in the near future.

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Dry Peas Exports

Exports from Latvia

In 2022, the amount of peas (dry) exported from Latvia soared to X tons, increasing by X% compared with 2021 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, dry peas exports surged to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Spain (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of dry peas exports from Latvia, with a combined X% share of total exports.

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

In value terms, Spain ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for dry peas exported from Latvia worldwide, together comprising X% of total exports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dry peas export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Norway ($X per ton), while the average price for exports to Germany ($X per ton) and the Netherlands ($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 Belgium (X%), while the prices for the other major destinations experienced mixed trend patterns.

Dry Peas Imports

Imports into Latvia

In 2022, dry peas imports into Latvia surged to X tons, increasing by X% on the previous year. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, dry peas imports surged to $X in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest dry peas supplier to Latvia, accounting for a X% share of total imports. Moreover, dry peas imports from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X tons), more than tenfold. Cyprus (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Cyprus (X% per year).

In value terms, Russia ($X) constituted the largest supplier of peas (dry) to Latvia, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by Cyprus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Cyprus (X% per year).

Import Prices by Country

The average dry peas import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Lithuania ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform