Report Update Apr 1, 2024

Latvia - Extracts and Juices of Meat, Fish, Crustaceans and Molluscs - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Latvia

The Latvian meat and fish extracts market contracted modestly to $X in 2022, remaining stable against the previous year. Overall, consumption showed a drastic downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Latvia

In value terms, meat and fish extracts production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a deep slump. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from Latvia

In 2022, exports of extracts and juices of meat, fish, crustaceans and molluscs from Latvia soared to X kg, with an increase of X% compared with 2021 figures. Overall, exports, however, showed a dramatic decline. The exports peaked at X tons in 2017; afterwards, it flattened through to 2022.

In value terms, meat and fish extracts exports soared to $X in 2022. Over the period under review, exports, however, faced a sharp slump. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X kg) and Lithuania (X kg) were the main destinations of meat and fish extracts exports from Latvia.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of X%).

In value terms, Lithuania ($X) and Estonia ($X) appeared to be the largest markets for meat and fish extracts exported from Latvia worldwide.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average meat and fish extracts export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Estonia amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%).

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into Latvia

In 2022, supplies from abroad of extracts and juices of meat, fish, crustaceans and molluscs increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a abrupt curtailment. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, meat and fish extracts imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Estonia (X tons) was the main meat and fish extracts supplier to Latvia, accounting for a X% share of total imports. Moreover, meat and fish extracts imports from Estonia exceeded the figures recorded by the second-largest supplier, Lithuania (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Estonia totaled X%.

In value terms, Estonia ($X) constituted the largest supplier of extracts and juices of meat, fish, crustaceans and molluscs to Latvia, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Estonia stood at X%.

Import Prices by Country

In 2022, the average meat and fish extracts import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Estonia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for extracts and juices of meat, fish, crustaceans and molluscs in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, with a combined 32% share of global consumption. Japan, Russia, Brazil, Italy, Indonesia, Pakistan, South Korea, Mexico, Estonia and Thailand lagged somewhat behind, together accounting for a further 22%.

What are the largest producers of extracts and juices of meat, fish, crustaceans and molluscs in the world?

The countries with the highest volumes of production in 2022 were China, the United States and Italy, together comprising 34% of global production. India, Thailand, Brazil, Russia, Indonesia, Pakistan, Estonia and Mexico lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of extracts and juices of meat, fish, crustaceans and molluscs to Latvia?

In value terms, Estonia constituted the largest supplier of extracts and juices of meat, fish, crustaceans and molluscs to Latvia, comprising 80% of total imports. The second position in the ranking was taken by Lithuania, with a 12% share of total imports.

What are the leading importers of extracts and juices of meat, fish, crustaceans and molluscs from Latvia?

In value terms, Lithuania $16) and Estonia $9) constituted the largest markets for meat and fish extracts exported from Latvia worldwide.

What is the average export price for extracts and juices of meat, fish, crustaceans and molluscs in Latvia?

In 2022, the average meat and fish extracts export price amounted to $12,500 per ton, increasing by 39% against the previous year.

What is the average import price for extracts and juices of meat, fish, crustaceans and molluscs in Latvia?

The average meat and fish extracts import price stood at $6,430 per ton in 2022, which is down by -66.1% against the previous year.

This report provides an in-depth analysis of the market for meat and fish extracts 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 10891400 - Extracts and juices of meat, fish, crustaceans, molluscs or other aquatic invertebrates

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023