Latvia - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in Latvia - 2023
Contents:
- Chewing Gum Price in Latvia (CIF) - 2023
- Chewing Gum Price in Latvia (FOB) - 2023
- Chewing Gum Imports in Latvia
- Chewing Gum Exports in Latvia
Chewing Gum Price in Latvia (CIF) - 2023
The average chewing gum import price stood at $20,337 per ton in September 2023, increasing by 42% against the previous month. Overall, import price indicated a buoyant expansion from September 2022 to September 2023: its price increased at an average monthly rate of +8.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, chewing gum import price increased by +42.0% against August 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 49% m-o-m. Over the period under review, average import prices reached the maximum in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Lithuania ($22,569 per ton), while the price for Austria ($4,768 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 (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Chewing Gum Price in Latvia (FOB) - 2023
The average chewing gum export price stood at $19,164 per ton in September 2023, increasing by 15% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +4.5%. The most prominent rate of growth was recorded in February 2023 an increase of 24% against the previous month. Over the period under review, the average export prices hit record highs in September 2023.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Lithuania ($19,182 per ton), while the average price for exports to Estonia amounted to $19,066 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+4.8%).
Chewing Gum Imports in Latvia
In 2022, purchases abroad of chewing gum decreased by -10.3% to 207 tons, falling for the second year in a row after two years of growth. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.8% 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 -15.6% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 53% against the previous year. As a result, imports reached the peak of 245 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, chewing gum imports rose to $2.3M in 2022. The total import value increased at an average annual rate of +7.1% 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 2020 with an increase of 33% against the previous year. As a result, imports attained the peak of $2.5M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Chewing Gum in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1,179 | 1,297 | 1,198 | 1,646 | 11.8% |
United Kingdom | 3.0 | 620 | 407 | 277 | 352.0% |
Germany | 262 | 243 | 137 | 134 | -20.0% |
Poland | 278 | 160 | 52.7 | 104 | -27.9% |
Spain | 34.6 | 34.8 | 154 | 63.7 | 22.6% |
Netherlands | 52.9 | 37.9 | 70.8 | 34.5 | -13.3% |
Others | 47.2 | 73.9 | 160 | 23.5 | -20.7% |
Total | 1,857 | 2,467 | 2,180 | 2,284 | 7.1% |
Top Suppliers of Chewing Gum to Latvia in 2022:
- Lithuania (113.2 tons)
- United Kingdom (37.6 tons)
- Poland (19.1 tons)
- Germany (15.4 tons)
- Spain (14.2 tons)
- Netherlands (4.4 tons)
Chewing Gum Exports in Latvia
In 2022, shipments abroad of chewing gum decreased by -6% to 85 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 56%.
In value terms, chewing gum exports skyrocketed to $1.1M in 2022. The total export value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
Export of Chewing Gum in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 386 | 494 | 487 | 646 | 18.7% |
Lithuania | 260 | 423 | 399 | 408 | 16.2% |
Poland | 102 | 3.4 | N/A | 0.9 | -79.3% |
Others | 18.4 | 13.5 | 29.3 | 16.8 | -3.0% |
Total | 766 | 934 | 916 | 1,072 | 11.9% |
Top Export Markets for Chewing Gum from Latvia in 2022:
- Estonia (50.6 tons)
- Lithuania (33.1 tons)
- Poland (0.1 tons)
This report provides an in-depth analysis of the chewing gum 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 10822310 - Chewing gum
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
This report provides an in-depth analysis of the chewing gum market in Latvia.
This report provides an in-depth analysis of the market for candy, sweets, and nonchocolate confectionery in Latvia.
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Global chewing gum market analysis from 2013 to 2023, including consumption, production, imports, and exports. The market is expected to show growth in both volume and value terms over the next seven years.
Discover the top import markets for candy and confectionery around the world, including the United States, United Kingdom, Germany, Canada, France, Netherlands, China, Belgium, Poland, and Sweden. With billions of dollars in imports, these countries showcase the universal love for indulgent treats. Stay informed about the latest trends and statistics in the dynamic confectionery industry with market intelligence platforms like IndexBox.
In value terms, sugars and chemically pure imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern r...
In value terms, sugars and chemically pure exports amounted to $X in 2016. In general, sugars and chemically pure exports continue to indicate a relatively flat trend pattern. Global sugars and che...
In 2016, approx. X tons of confectionery were imported worldwide- reducing by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
In 2016, approx. X tons of confectionery were imported worldwide- reducing by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
Global chewing gum market analysis from 2013 to 2023, including consumption, production, imports, and exports. The market is expected to show growth in both volume and value terms over the next seven years.
Discover the top import markets for candy and confectionery around the world, including the United States, United Kingdom, Germany, Canada, France, Netherlands, China, Belgium, Poland, and Sweden. With billions of dollars in imports, these countries showcase the universal love for indulgent treats. Stay informed about the latest trends and statistics in the dynamic confectionery industry with market intelligence platforms like IndexBox.
In value terms, sugars and chemically pure imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern r...
In value terms, sugars and chemically pure exports amounted to $X in 2016. In general, sugars and chemically pure exports continue to indicate a relatively flat trend pattern. Global sugars and che...