Latvia - Vegetable Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Product Price in Latvia - 2023
Contents:
- Vegetable Product Price in Latvia (CIF) - 2022
- Vegetable Product Price in Latvia (FOB) - 2022
- Vegetable Product Imports in Latvia
- Vegetable Product Exports in Latvia
Vegetable Product Price in Latvia (CIF) - 2022
In 2022, the average vegetable product import price amounted to $4,347 per ton, with an increase of 6.5% against the previous year. In general, the import price, however, showed a deep setback. The pace of growth was the most pronounced in 2021 an increase of 94%. The import price peaked at $21,633 per ton in 2012; however, from 2013 to 2022, 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 China ($13,781 per ton), while the price for Ukraine ($940 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Product Price in Latvia (FOB) - 2022
The average vegetable product export price stood at $8,743 per ton in 2022, jumping by 32% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 344% against the previous year. As a result, the export price attained the peak level of $40,000 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($27,680 per ton), while the average price for exports to Russia ($2,080 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Product Imports in Latvia
In 2022, approx. 116 tons of vegetable products were imported into Latvia; with an increase of 23% against the previous year's figure. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 91%. As a result, imports attained the peak of 127 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, vegetable product imports skyrocketed to $503K in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Vegetable Product in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | N/A | 20.7 | 132 | 537.7% |
| Poland | 84.0 | 18.0 | 20.6 | 77.3 | -2.7% |
| Estonia | 64.0 | 89.4 | 88.7 | 70.9 | 3.5% |
| Lithuania | 2.2 | 12.6 | 21.9 | 66.4 | 211.3% |
| Russia | N/A | 35.4 | 164 | 66.4 | 37.0% |
| China | 43.9 | N/A | 15.9 | 38.8 | -4.0% |
| Germany | 2.6 | 22.6 | 13.0 | 35.2 | 138.3% |
| Ukraine | 10.1 | 30.3 | 0.2 | 9.0 | -3.8% |
| India | 0.4 | 42.5 | 36.0 | 3.6 | 108.0% |
| Others | 6.8 | 14.8 | 3.8 | 3.2 | -22.2% |
| Total | 214 | 266 | 384 | 503 | 33.0% |
Top Suppliers of Vegetable Product to Latvia in 2022:
- Poland (30.9 tons)
- Hungary (21.2 tons)
- Lithuania (17.3 tons)
- Estonia (15.7 tons)
- Germany (12.4 tons)
- Ukraine (9.6 tons)
- India (3.0 tons)
- China (2.8 tons)
- Russia (2.5 tons)
Vegetable Product Exports in Latvia
In 2022, exports of vegetable products from Latvia reduced dramatically to 36 tons, falling by -39.1% against the previous year's figure. In general, exports showed a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 3.1%.
In value terms, vegetable product exports shrank remarkably to $318K in 2022. Overall, total exports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. As a result, the exports reached the peak of $396K, and then shrank notably in the following year.
| Export of Vegetable Product in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 90.8 | 47.5 | 258 | 148 | 17.7% |
| Estonia | N/A | 0.2 | 3.6 | 61.0 | 1646.4% |
| Russia | 186 | 116 | 85.4 | 51.4 | -34.9% |
| Ukraine | N/A | N/A | 0.7 | 7.4 | 957.1% |
| Others | 8.4 | 32.5 | 48.4 | 49.6 | 80.7% |
| Total | 285 | 196 | 396 | 318 | 3.7% |
Top Export Markets for Vegetable Product from Latvia in 2022:
- Russia (24.7 tons)
- Romania (7.1 tons)
- Estonia (2.2 tons)
- Ukraine (1.0 tons)
This report provides an in-depth analysis of the vegetable product 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:
- FCL 156 - Sugar cane
- FCL 161 - Sugar crops nes
- FCL 459 - Chicory roots
- FCL 460 - Vegetable products, fresh or dry nes
- FCL 461 - Carobs
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
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This report provides an in-depth analysis of the vegetable product market in Latvia.
143
This report provides an in-depth analysis of the sugar crop market in Latvia.
110
This report provides an in-depth analysis of the chicory market in Latvia.
536
This report provides an in-depth analysis of the sugar beet market in Latvia.
181
This report provides an in-depth analysis of the sugar cane market in Latvia.
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This report provides an in-depth analysis of the carob market in Latvia.
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This report provides an in-depth analysis of the global vegetable product market.
2487
Global chicory consumption amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
3825
In 2015, the country with the largest volume of the chicory output was Belgium (X thousand tons), accounting for X% of global production.
1574
Despite somewhat disappointing export numbers in 2014, Italy continued to lead the way in the global chicory trade. In 2014, Italy exported X thousand tons of chicory totaling X million USD, X% under the previous year. Its primary trading partner w
1151
Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9%
6671
Global sugar beet consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
2339
In 2015, the countries with the highest levels of sugar beet production were France (X thousand tons), Germany (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
2233
The Netherlands dominates in the global sugar beet trade. In 2014, the Netherlands exported X thousand tons of sugar beet totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its tot
3505
Global sugar cane consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
1881
In 2015, the country with the largest volume of the sugar cane output was Brazil (X thousand tons), accounting for X% of global production.
2327
Spain continued its dominance in the global sugar cane trade. In 2014, Spain exported X kt of sugar cane totaling $X, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total sugar cane exports in
