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Latvia - Caviar (Sturgeon) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaviar (Sturgeon) Price in Latvia - 2023
Contents:
- Caviar (Sturgeon) Price in Latvia (CIF) - 2023
- Caviar (Sturgeon) Price in Latvia (FOB) - 2023
- Caviar (Sturgeon) Imports in Latvia
- Caviar (Sturgeon) Exports in Latvia
Caviar (Sturgeon) Price in Latvia (CIF) - 2023
In September 2023, the average caviar (sturgeon) import price amounted to $41,666 per ton, falling by -13.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 93% month-to-month. Over the period under review, average import prices attained the maximum at $77,917 per ton in June 2023; however, from July 2023 to September 2023, import prices stood 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 Lithuania ($54,770 per ton), while the price for Finland ($20,003 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 Lithuania (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Caviar (Sturgeon) Price in Latvia (FOB) - 2023
The average caviar (sturgeon) export price stood at $183K per ton in September 2023, surging by 77% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 181% m-o-m. Over the period under review, the average export prices hit record highs in September 2023.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Japan ($665K per ton), while the average price for exports to Lithuania ($39,461 per ton) 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 Estonia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Caviar (Sturgeon) Imports in Latvia
Caviar (sturgeon) imports into Latvia reached 69 tons in 2022, almost unchanged from 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of 81 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, caviar (sturgeon) imports shrank to $3.2M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 30%. As a result, imports reached the peak of $3.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Caviar (Sturgeon) in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,939 | 1,718 | 1,890 | 1,932 | -0.1% |
France | 209 | 164 | 135 | 494 | 33.2% |
Lithuania | 149 | 163 | 151 | 134 | -3.5% |
Estonia | 224 | 837 | 472 | 95.7 | -24.7% |
Finland | 2.4 | N/A | 19.7 | 69.7 | 207.4% |
Others | 48.3 | 472 | 673 | 482 | 115.3% |
Total | 2,571 | 3,354 | 3,341 | 3,207 | 7.6% |
Top Suppliers of Caviar (Sturgeon) to Latvia in 2022:
- Germany (46.1 tons)
- France (13.8 tons)
- Lithuania (3.3 tons)
- Finland (2.2 tons)
- Estonia (2.0 tons)
Caviar (Sturgeon) Exports in Latvia
For the fourth year in a row, Latvia recorded growth in overseas shipments of caviar (sturgeon), which increased by 33% to 35 tons in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.0% 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 +48.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, caviar (sturgeon) exports rose remarkably to $3M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.4% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Caviar (Sturgeon) in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 757 | 720 | 804 | 1,147 | 14.9% |
Japan | 707 | 621 | 844 | 1,038 | 13.7% |
Estonia | 134 | 356 | 467 | 152 | 4.3% |
Poland | N/A | 28.8 | 96.8 | 138 | 118.9% |
Germany | 10.9 | 40.0 | 49.8 | 111 | 116.8% |
Israel | N/A | N/A | N/A | 48.4 | 0% |
Others | 77.6 | 263 | 471 | 374 | 68.9% |
Total | 1,686 | 2,029 | 2,733 | 3,008 | 21.3% |
Top Export Markets for Caviar (Sturgeon) from Latvia in 2022:
- Lithuania (24.3 tons)
- Estonia (3.3 tons)
- Germany (2.5 tons)
- Japan (1.9 tons)
- Israel (1.3 tons)
- Poland (0.7 tons)
This report provides an in-depth analysis of the caviar (sturgeon) 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 10202630 - Caviar (sturgeon roe)
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
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