Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia - 2023
Contents:
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia (FOB) - 2023
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia (CIF) - 2022
- Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia
- Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia (FOB) - 2023
The average export price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $15,243 per ton in November 2023, rising by 25% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +3.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($16,877 per ton), while the average price for exports to the UK ($6,522 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s amounted to $9,318 per ton, jumping by 33% against the previous year. In general, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of 36%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
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 the Netherlands ($11,566 per ton), while the price for China ($3,692 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+38.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia
In 2022, the amount of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s exported from Latvia totaled 4.1K tons, picking up by 4.9% on the previous year. The total export volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s amounted to $36M in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.0 | 4.0 | 7.6 | 14.6 | 94.0% |
| Norway | 15.1 | 13.6 | 16.1 | 8.6 | -17.1% |
| United Kingdom | 4.9 | 5.3 | 4.0 | 4.0 | -6.5% |
| France | 1.7 | 1.8 | 2.6 | 2.3 | 10.6% |
| Netherlands | 0.3 | 0.2 | 0.4 | 2.0 | 88.2% |
| Poland | 0.1 | 0.1 | 1.1 | 1.4 | 141.0% |
| Spain | 0.1 | 0.2 | 0.2 | 0.8 | 100.0% |
| Germany | 1.5 | 0.7 | 0.6 | 0.3 | -41.5% |
| Portugal | 1.2 | 0.9 | 0.2 | 0.1 | -56.3% |
| Denmark | 1.1 | 0.2 | 0.9 | 0.1 | -55.0% |
| Others | 0.5 | 0.6 | 0.6 | 1.9 | 56.0% |
| Total | 28.5 | 27.6 | 34.3 | 36.1 | 8.2% |
Top Export Markets for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) from Latvia in 2022:
- United States (1201.9 tons)
- Netherlands (673.4 tons)
- Norway (623.3 tons)
- United Kingdom (497.9 tons)
- France (423.9 tons)
- Poland (251.8 tons)
- Spain (217.7 tons)
- Germany (42.8 tons)
- Portugal (21.7 tons)
- Denmark (17.1 tons)
Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia
After three years of growth, supplies from abroad of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s decreased by -22.7% to 241 tons in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of 312 tons, and then contracted notably in the following year.
In value terms, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s rose modestly to $2.2M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 38%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 51.2 | 52.9 | 101 | 1,199 | 186.1% |
| Lithuania | 138 | 477 | 668 | 440 | 47.2% |
| Denmark | 176 | 184 | 123 | 208 | 5.7% |
| Poland | 132 | 68.8 | 38.3 | 153 | 5.0% |
| Russia | 7.7 | 122 | 723 | 122 | 151.2% |
| China | 106 | 112 | 114 | 82.7 | -7.9% |
| United Kingdom | 98.9 | 7.5 | N/A | N/A | -92.4% |
| Iceland | 3.1 | 351 | 196 | N/A | 695.1% |
| United States | 489 | 125 | N/A | N/A | -74.4% |
| Others | 61.8 | 248 | 212 | 39.0 | -14.2% |
| Total | 1,264 | 1,749 | 2,176 | 2,243 | 21.1% |
Top Suppliers of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) to Latvia in 2022:
- Netherlands (103.7 tons)
- Lithuania (50.0 tons)
- China (22.4 tons)
- Poland (21.2 tons)
- Denmark (20.6 tons)
- Russia (18.7 tons)
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