Latvia - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Rapeseed Oil Price in Latvia - 2023
Contents:
- Refined Rapeseed Oil Price in Latvia (CIF) - 2023
- Refined Rapeseed Oil Price in Latvia (FOB) - 2023
- Refined Rapeseed Oil Imports in Latvia
- Refined Rapeseed Oil Exports in Latvia
Refined Rapeseed Oil Price in Latvia (CIF) - 2023
The average refined rapeseed oil import price stood at $1,626 per ton in September 2023, leveling off at the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 15% against the previous month. As a result, import price reached the peak level of $1,917 per ton. From December 2022 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($4,554 per ton), while the price for Poland ($1,421 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced a decline.
Refined Rapeseed Oil Price in Latvia (FOB) - 2023
In September 2023, the average refined rapeseed oil export price amounted to $1,668 per ton, growing by 4.7% against the previous month. Overall, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 5.9% m-o-m. The export price peaked at $1,888 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Estonia ($1,801 per ton), while the average price for exports to Lithuania totaled $1,649 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (-0.3%).
Refined Rapeseed Oil Imports in Latvia
After three years of growth, overseas purchases of refined rape, colza or mustard oil decreased by -9.7% to 15K tons in 2022. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 9.8% against the previous year. As a result, imports attained the peak of 16K tons, and then contracted in the following year.
In value terms, refined rapeseed oil imports skyrocketed to $27M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
Import of Refined Rapeseed Oil in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 9.9 | 11.8 | 12.7 | 14.4 | 13.3% |
Poland | 1.2 | 1.3 | 4.0 | 5.2 | 63.0% |
Russia | N/A | N/A | 1.5 | 2.0 | 33.3% |
Lithuania | 0.7 | 0.9 | 1.4 | 1.8 | 37.0% |
Germany | 1.0 | 0.4 | 1.8 | 1.2 | 6.3% |
Netherlands | N/A | N/A | 0.1 | 1.0 | 900.0% |
Belgium | 0.3 | 0.9 | 0.8 | 1.0 | 49.4% |
Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Total | 13.1 | 15.4 | 22.5 | 26.6 | 26.6% |
Top Suppliers of Refined Rapeseed Oil to Latvia in 2022:
- Estonia (8.5K tons)
- Poland (2.5K tons)
- Russia (1.2K tons)
- Lithuania (0.9K tons)
- Netherlands (0.7K tons)
- Germany (0.6K tons)
- Belgium (0.5K tons)
Refined Rapeseed Oil Exports in Latvia
In 2022, refined rapeseed oil exports from Latvia reduced to 1.4K tons, dropping by -1.9% compared with 2021. Over the period under review, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 9.2%.
In value terms, refined rapeseed oil exports skyrocketed to $2.8M in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Refined Rapeseed Oil in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1,280 | 1,307 | 1,853 | 2,289 | 21.4% |
Estonia | 129 | 47.6 | 69.8 | 479 | 54.9% |
Others | 13.5 | N/A | 15.9 | 1.3 | -54.2% |
Total | 1,423 | 1,354 | 1,938 | 2,770 | 24.9% |
Top Export Markets for Refined Rapeseed Oil from Latvia in 2022:
- Lithuania (1184.7 tons)
- Estonia (244.3 tons)
This report provides an in-depth analysis of the refined rapeseed oil market 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 10415600 - Refined rape, colza or mustard oil and their fractions (excluding chemically modified)
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
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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 refined rapeseed oil market in Latvia.
This report provides an in-depth analysis of the rapeseed oil market in Latvia.
This report provides an in-depth analysis of the crude rapeseed oil market in Latvia.
This report provides an in-depth analysis of the global refined rapeseed oil market.
This report provides an in-depth analysis of the global rapeseed oil market.
This report provides an in-depth analysis of the global crude rapeseed oil market.
This report provides an in-depth analysis of the refined rapeseed oil market in Latvia.
This report provides an in-depth analysis of the rapeseed oil market in Latvia.
This report provides an in-depth analysis of the crude rapeseed oil market in Latvia.
This report provides an in-depth analysis of the global refined rapeseed oil market.
Discover the top import markets for refined rapeseed oil and their key statistics. Learn about the countries with the highest import values, such as the United States, Netherlands, and Belgium.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.
In 2015, the countries with the highest levels of production were China (X thousand tons), Germany (X thousand tons), Canada (X thousand tons), together accounting for X% of total output.
Discover the top import markets for refined rapeseed oil and their key statistics. Learn about the countries with the highest import values, such as the United States, Netherlands, and Belgium.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.