Latvia: Potato Market Overview 2020

Potato Market Size in Latvia

The revenue of the potato market in Latvia amounted to $X in 2018, shrinking by -X% against the previous year. In general, potato consumption continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. Potato consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Potato Production in Latvia

In value terms, potato production totaled $X in 2018 estimated in export prices. In general, potato production continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2012 when production volume increased by X% year-to-year. Over the period under review, potato production reached its maximum level at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

In 2018, the average yield of potatoes in Latvia totaled X tonne per ha, going up by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2012 when yield increased by X% y-o-y. Potato yield peaked at X tonne per ha in 2016; however, from 2017 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of potatoes production in Latvia totaled X ha, lowering by -X% against the previous year. In general, the potato harvested area continues to indicate a deep curtailment. The growth pace was the most rapid in 2010 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to potato production attained its maximum at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Potato Exports

Exports from Latvia

In 2018, approx. X tonnes of potatoes were exported from Latvia; standing approx. at the previous year. Over the period under review, potato exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. In that year, potato exports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, potato exports totaled $X in 2018. Over the period under review, potato exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. In that year, potato exports attained their peak of $X, and then declined slightly in the following year.

Potato Imports

Imports into Latvia

In 2018, the amount of potatoes imported into Latvia stood at X tonnes, going down by -X% against the previous year. Overall, potato imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, potato imports attained their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, potato imports stood at $X in 2018. Overall, potato imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. In that year, potato imports reached their peak of $X. From 2012 to 2018, the growth of potato imports remained at a somewhat lower figure.

Source: IndexBox AI Platform