Latvia: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Latvia

The Latvian shelled hazelnut market contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, recorded a noticeable decrease. Shelled hazelnut consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Shelled Hazelnut Production in Latvia

In value terms, shelled hazelnut production surged to $X in 2022 estimated in export price. In general, production, however, recorded a mild shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. Shelled hazelnut production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Shelled Hazelnut Exports

Exports from Latvia

In 2022, overseas shipments of shelled hazelnuts increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a slight curtailment. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, shelled hazelnut exports amounted to $X in 2022. Overall, exports, however, showed a slight descent. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for shelled hazelnut exports from Latvia, with a X% share of total exports. Moreover, shelled hazelnut exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), fivefold.

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

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

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

Export Prices by Country

In 2022, the average shelled hazelnut export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($X per ton) was 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 mixed trend patterns.

Shelled Hazelnut Imports

Imports into Latvia

In 2022, overseas purchases of shelled hazelnuts increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, shelled hazelnut imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Lithuania (X tons), Turkey (X tons) and Georgia (X tons) were the main suppliers of shelled hazelnut imports to Latvia, together comprising X% of total imports.

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

In value terms, the largest shelled hazelnut suppliers to Latvia were Lithuania ($X), Turkey ($X) and Georgia ($X), together accounting for X% of total imports.

Turkey, 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

In 2022, the average shelled hazelnut import price amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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