Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia - 2023
Contents:
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia (FOB) - 2023
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia (CIF) - 2022
- Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia
- Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia (FOB) - 2023
In November 2023, the average export price for cattle; live, other than pure-bred breeding animalses amounted to $454 per unit, waning by -38.5% against the previous month. Over the period under review, the export price saw a perceptible reduction. The pace of growth was the most pronounced in June 2023 when the average export price increased by 44% month-to-month. As a result, the export price reached the peak level of $962 per unit. From July 2023 to November 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($1,198 per unit), while the average price for exports to Germany ($106 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia (CIF) - 2022
In 2022, the average import price for cattle; live, other than pure-bred breeding animalses amounted to $1,177 per unit, surging by 40% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 104%. As a result, import price reached the peak level of $1,810 per unit. From 2016 to 2022, the average 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 ($1,533 per unit), while the price for Lithuania ($850 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas shipments of cattle; live, other than pure-bred breeding animalses, which increased by 6% to 63K units in 2022. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cattle; live, other than pure-bred breeding animalses surged to $47M in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 10.9 | 12.7 | 13.5 | 17.2 | 16.4% |
| Poland | 6.8 | 8.4 | 11.4 | 15.5 | 31.6% |
| Hungary | 1.3 | 4.0 | 7.8 | 6.9 | 74.4% |
| Slovenia | 0.4 | 1.2 | 1.4 | 1.6 | 58.7% |
| Germany | 0.2 | N/A | 0.4 | 1.3 | 86.6% |
| Bulgaria | 3.1 | 0.8 | 0.2 | 1.2 | -27.1% |
| Turkey | 5.9 | 4.4 | 2.3 | 1.0 | -44.7% |
| Croatia | 1.3 | 1.8 | 0.8 | 0.4 | -32.5% |
| Slovakia | 2.7 | 0.7 | 0.3 | 0.3 | -51.9% |
| Netherlands | 1.7 | 0.2 | N/A | 0.1 | -61.1% |
| Others | 2.3 | 1.9 | 0.6 | 1.0 | -24.2% |
| Total | 36.7 | 36.1 | 38.8 | 46.5 | 8.2% |
Top Export Markets for Cattle; Live, Other than Pure-Bred Breeding Animals from Latvia in 2022:
- Poland (25.5K units)
- Lithuania (23.3K units)
- Hungary (7.0K units)
- Slovenia (2.0K units)
- Germany (1.4K units)
- Bulgaria (1.1K units)
- Turkey (0.9K units)
- Croatia (0.5K units)
- Slovakia (0.3K units)
- Netherlands (0.1K units)
Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia
In 2022, after three years of growth, there was significant decline in purchases abroad of cattle; live, other than pure-bred breeding animalses, when their volume decreased by -59.2% to 1.4K units. Overall, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. As a result, imports reached the peak of 3.3K units, and then shrank dramatically in the following year.
In value terms, imports of cattle; live, other than pure-bred breeding animalses declined remarkably to $1.6M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 59%. As a result, imports reached the peak of $2.8M, and then fell remarkably in the following year.
| Import of Cattle; Live, Other than Pure-Bred Breeding Animals in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 1,150 | 1,761 | 2,230 | 785 | -12.0% |
| Lithuania | 167 | N/A | N/A | 445 | 38.6% |
| Germany | 285 | N/A | 455 | 379 | 10.0% |
| Others | 0.6 | 13.3 | 132 | N/A | 1383.2% |
| Total | 1,602 | 1,774 | 2,817 | 1,608 | 0.1% |
Top Suppliers of Cattle; Live, Other than Pure-Bred Breeding Animals to Latvia in 2022:
- Estonia (596.0 units)
- Lithuania (523.0 units)
- Germany (247.0 units)
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