Latvia: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Latvia

The Latvian whole fresh milk market contracted modestly to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in Latvia

In value terms, whole fresh milk production reached $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Whole fresh milk production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Whole Fresh Milk Exports

Exports from Latvia

For the third year in a row, Latvia recorded growth in shipments abroad of whole fresh milk, which increased by X% to X tons in 2022. The total export 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 most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, whole fresh milk exports surged to $X in 2022. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Lithuania (X tons) was the main destination for whole fresh milk exports from Latvia, with a X% share of total exports. Moreover, whole fresh milk exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), more than tenfold.

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

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

From 2012 to 2022, the average annual growth rate of value to Lithuania amounted to X%.

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a moderate 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, whole fresh milk export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major external 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%).

Whole Fresh Milk Imports

Imports into Latvia

In 2022, the amount of whole fresh milk imported into Latvia was estimated at X tons, growing by X% compared with 2021. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, whole fresh milk imports surged to $X in 2022. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Estonia (X tons) constituted the largest supplier of whole fresh milk to Latvia, accounting for a X% share of total imports. Moreover, whole fresh milk imports from Estonia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold.

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

In value terms, Estonia ($X) constituted the largest supplier of whole fresh milk to Latvia, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Estonia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated a noticeable 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, whole fresh milk import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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