Latvia - Wine Of Fresh Grapes (Except Sparkling Wine) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wine of Fresh Grapes in Latvia - 2023
Contents:
- Price for Wine of Fresh Grapes in Latvia (CIF) - 2023
- Price for Wine of Fresh Grapes in Latvia (FOB) - 2023
- Imports of Wine of Fresh Grapes in Latvia
- Exports of Wine of Fresh Grapes in Latvia
Price for Wine of Fresh Grapes in Latvia (CIF) - 2023
The average wine of fresh grapes import price stood at $3.7 per litre in September 2023, standing approximately at the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.9%. The pace of growth appeared the most rapid in August 2023 an increase of 13% month-to-month. Over the period under review, average import prices reached the maximum in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Estonia ($5.0 per litre), while the price for Spain ($2.6 per litre) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Estonia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine of Fresh Grapes in Latvia (FOB) - 2023
In September 2023, the average wine of fresh grapes export price amounted to $3.9 per litre, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices attained the peak figure in September 2023.
Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Kazakhstan ($3.9 per litre), while the average price for exports to Estonia ($3.4 per litre) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine of Fresh Grapes in Latvia
In 2022, the amount of wine of fresh grapes (except sparkling wine) imported into Latvia reached 95M litres, increasing by 10% against the previous year's figure. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 189%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, wine of fresh grapes imports expanded rapidly to $263M in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 197% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Wine of Fresh Grapes in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 17.9 | 58.4 | 69.8 | 76.2 | 62.1% |
France | 10.5 | 53.4 | 61.0 | 54.1 | 72.7% |
Spain | 13.1 | 51.2 | 52.1 | 52.8 | 59.1% |
Portugal | 3.8 | 11.5 | 21.8 | 24.1 | 85.1% |
Germany | 6.1 | 14.5 | 12.6 | 13.5 | 30.3% |
Estonia | 3.8 | 4.4 | 4.8 | 8.9 | 32.8% |
Cyprus | N/A | 0.5 | 1.1 | 7.4 | 284.7% |
Lithuania | 3.2 | 3.7 | 3.6 | 2.8 | -4.4% |
Others | 16.5 | 25.1 | 22.3 | 23.4 | 12.4% |
Total | 75.0 | 223 | 249 | 263 | 51.9% |
Top Suppliers of Wine of Fresh Grapes to Latvia in 2022:
- Spain (26.0M litres)
- Italy (24.7M litres)
- France (14.8M litres)
- Portugal (11.2M litres)
- Germany (5.3M litres)
- Estonia (2.6M litres)
- Cyprus (2.1M litres)
- Lithuania (1.0M litres)
Exports of Wine of Fresh Grapes in Latvia
In 2022, wine of fresh grapes exports from Latvia expanded modestly to 82M litres, surging by 4.5% against the previous year. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 327% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, wine of fresh grapes exports shrank to $237M in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 277% against the previous year. The exports peaked at $242M in 2021, and then contracted modestly in the following year.
Export of Wine of Fresh Grapes in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 48.0 | 202 | 225 | 220 | 66.1% |
Kazakhstan | 0.4 | 4.7 | 6.6 | 6.4 | 152.0% |
Estonia | 2.8 | 2.9 | 3.5 | 4.7 | 18.8% |
Others | 6.3 | 7.1 | 6.7 | 5.8 | -2.7% |
Total | 57.4 | 217 | 242 | 237 | 60.4% |
Top Export Markets for Wine of Fresh Grapes from Latvia in 2022:
- Russia (76.5M litres)
- Kazakhstan (2.0M litres)
- Estonia (1.6M litres)
This report provides an in-depth analysis of the market for wine of fresh grapes in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11021211 - White wine with a protected designation of origin (PDO)
- Prodcom 11021215 - Wine and grape must with fermentation prevented or arrested by the addition of alcohol, put up with pressure of CO2 in solution . 1 bar < 3, a t .20
- Prodcom 11021217 - Quality wine and grape must with fermentation prevented or arrested by the addition of alcohol, with a protected designation of origin (PDO) produced of an alcoholic strength of . .15 % (excluding white wine and sparkling wine)
- Prodcom 11021220 - Wine and grape must with fermentation prevented or arrested by the addition of alcohol, of an alcoholic strength . .15 % (excluding sparkling wine and wine (PDO))
- Prodcom 11021231 - Port, Madeira, Sherry and other > .15 % alcohol
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for wine of fresh grapes in Latvia.
This report provides an in-depth analysis of the wine market in Latvia.
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This report provides an in-depth analysis of the grape must market in Latvia.
This report provides an in-depth analysis of the sparkling wine market in Latvia.
This report provides an in-depth analysis of the wine market in Latvia.
This report provides an in-depth analysis of the global market for wine of fresh grapes.
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