Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia - 2023

Contents:

  1. Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia (CIF) - 2022
  2. Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia (FOB) - 2022
  3. Imports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia
  4. Exports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia

Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia (CIF) - 2022

In 2022, the average import price for fish fillets; fresh or chilled, tilapias (oreochromis spp.)s amounted to $5,751 per ton, with a decrease of -2.2% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets; fresh or chilled, tilapias (oreochromis spp.)s increased by +5.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 79%. The import price peaked at $6,707 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($5,859 per ton), while the price for Estonia ($4,290 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia (FOB) - 2022

The average export price for fish fillets; fresh or chilled, tilapias (oreochromis spp.)s stood at $5,953 per ton in 2022, increasing by 1.7% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fish fillets; fresh or chilled, tilapias (oreochromis spp.)s increased by +13.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 61% against the previous year. As a result, the export price reached the peak level of $7,139 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +7.7% per year.

Imports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia

Imports of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s into Latvia fell remarkably to 42 tons in 2022, with a decrease of -37.6% compared with the previous year. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of 67 tons, and then shrank markedly in the following year.

In value terms, imports of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s dropped notably to $239K in 2022. Overall, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of $392K, and then declined markedly in the following year.

Import of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania344308390221-13.7%
Netherlands1.61.41.79.178.5%
Estonia0.1N/AN/A9.1349.8%
Others0.40.10.1N/A-50.0%
Total346310392239-11.6%

Top Suppliers of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) to Latvia in 2022:

  1. Lithuania (37.7 tons)
  2. Estonia (2.1 tons)
  3. Netherlands (1.8 tons)

Exports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia

For the third consecutive year, Latvia recorded decline in overseas shipments of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s, which decreased by -14.7% to 7.3 tons in 2022. In general, exports continue to indicate a dramatic shrinkage.

In value terms, exports of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s shrank to $43K in 2022. Over the period under review, exports recorded a sharp reduction.

Export of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia64.532.850.043.3-12.4%
Lithuania77.938.1N/AN/A-51.1%
Others0.9N/AN/AN/A0%
Total14370.950.043.4-32.8%

Top Export Markets for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) from Latvia in 2022:

  1. Estonia (7.3 tons)

Source: IndexBox Market Intelligence Platform

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