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Latvia - Champagne - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChampagne Price in Latvia - 2023
Contents:
- Champagne Price in Latvia (CIF) - 2023
- Champagne Price in Latvia (FOB) - 2023
- Champagne Imports in Latvia
- Champagne Exports in Latvia
Champagne Price in Latvia (CIF) - 2023
In September 2023, the average champagne import price amounted to $25.7 per litre, with a decrease of -12.6% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in March 2023 when the average import price increased by 52% against the previous month. Over the period under review, average import prices reached the peak figure at $32.0 per litre in December 2022; however, from January 2023 to September 2023, import prices remained at a 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 Portugal ($31.2 per litre), while the price for Estonia ($19.4 per litre) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Champagne Price in Latvia (FOB) - 2023
In September 2023, the average champagne export price amounted to $29.4 per litre, waning by -20.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 67% month-to-month. As a result, the export price attained the peak level of $56.5 per litre. From June 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Kazakhstan ($40.9 per litre), while the average price for exports to Belarus ($24.7 per litre) 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 Moldova (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Champagne Imports in Latvia
In 2022, overseas purchases of champagne decreased by -5.7% to 1.1M litres for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% 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 +44.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports reached the peak of 1.1M litres, and then shrank in the following year.
In value terms, champagne imports contracted to $26M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +49.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of $29M, and then shrank in the following year.
Import of Champagne in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 12.8 | 16.6 | 23.9 | 14.0 | 3.0% |
Italy | 0.1 | 0.1 | 0.4 | 3.4 | 224.0% |
Cyprus | 0.2 | 1.0 | 1.6 | 3.3 | 154.6% |
Estonia | 2.5 | 1.6 | 1.6 | 1.5 | -15.7% |
Portugal | N/A | N/A | N/A | 1.1 | 0% |
Germany | 1.7 | 0.7 | 1.0 | 1.0 | -16.2% |
Spain | 0.2 | 0.4 | 0.1 | 0.5 | 35.7% |
Austria | N/A | N/A | N/A | 0.4 | 0% |
Others | 0.3 | 0.4 | 0.7 | 1.1 | 54.2% |
Total | 17.6 | 20.7 | 29.4 | 26.4 | 14.5% |
Top Suppliers of Champagne to Latvia in 2022:
- France (609.4K litres)
- Italy (147.4K litres)
- Cyprus (114.7K litres)
- Estonia (40.7K litres)
- Portugal (39.9K litres)
- Germany (34.4K litres)
- Spain (18.2K litres)
- Austria (17.7K litres)
Champagne Exports in Latvia
For the fourth year in a row, Latvia recorded growth in shipments abroad of champagne, which increased by 9.4% to 965K litres in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume 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, exports increased by +77.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, champagne exports rose remarkably to $25M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 pace of growth was the most pronounced in 2021 with an increase of 54%. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Champagne in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 15.5 | 14.4 | 22.1 | 22.8 | 13.7% |
Moldova | N/A | N/A | N/A | 0.5 | 0% |
Others | 1.5 | 1.2 | 1.9 | 2.1 | 11.9% |
Total | 16.9 | 15.6 | 24.1 | 25.4 | 14.5% |
Top Export Markets for Champagne from Latvia in 2022:
- Russia (872.6K litres)
- Moldova (26.7K litres)
This report provides an in-depth analysis of the champagne 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 11021130 - Champagne (important: excluding alcohol duty)
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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