Fresh Whole Chicken Price in Latvia - 2023
Contents:
- Fresh Whole Chicken Price in Latvia (CIF) - 2023
- Fresh Whole Chicken Price in Latvia (FOB) - 2023
- Fresh Whole Chicken Imports in Latvia
- Fresh Whole Chicken Exports in Latvia
Fresh Whole Chicken Price in Latvia (CIF) - 2023
In September 2023, the average fresh whole chicken import price amounted to $2,312 per ton, declining by -3.1% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 8% against the previous month. Over the period under review, average import prices attained the maximum at $2,530 per ton in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($5,447 per ton), while the price for Poland ($2,180 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 Estonia (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Fresh Whole Chicken Price in Latvia (FOB) - 2023
In September 2023, the average fresh whole chicken export price amounted to $3,245 per ton, growing by 3.4% 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 appeared the most rapid in July 2023 when the average export price increased by 11% m-o-m. Over the period under review, the average export prices reached the maximum in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Lithuania ($6,986 per ton), while the average price for exports to Estonia ($2,954 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 Lithuania (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Fresh Whole Chicken Imports in Latvia
For the third year in a row, Latvia recorded decline in purchases abroad of fresh or chilled whole chickens, which decreased by -12.4% to 4.5K tons in 2022. Over the period under review, imports saw a deep downturn. The smallest decline of -1.9% was in 2021.
In value terms, fresh whole chicken imports declined to $10M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. As a result, imports reached the peak of $10M, and then fell in the following year.
| Import of Fresh Whole Chicken in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.1 | 2.3 | 4.4 | 5.6 | 38.7% |
| Lithuania | 3.6 | 3.9 | 3.8 | 2.9 | -7.0% |
| Estonia | 3.2 | 2.5 | 1.6 | 1.1 | -29.9% |
| France | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Germany | 0.7 | 0.1 | N/A | N/A | -85.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.0 | 9.1 | 10.4 | 10.1 | 0.3% |
Top Suppliers of Fresh Whole Chicken to Latvia in 2022:
- Poland (2579.7 tons)
- Lithuania (1312.3 tons)
- Estonia (526.6 tons)
- France (105.6 tons)
- Germany (0.6 tons)
Fresh Whole Chicken Exports in Latvia
After two years of decline, shipments abroad of fresh or chilled whole chickens increased by 65% to 1.1K tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fresh whole chicken exports skyrocketed to $2.8M in 2022. In general, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fresh Whole Chicken in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 503 | 554 | 868 | 1,212 | 34.1% |
| Lithuania | 449 | 412 | 521 | 807 | 21.6% |
| Estonia | 727 | 488 | 226 | 518 | -10.7% |
| Finland | 103 | 20.6 | 75.1 | 142 | 11.3% |
| Others | N/A | 1.3 | 56.1 | 79.8 | 683.5% |
| Total | 1,782 | 1,476 | 1,747 | 2,760 | 15.7% |
Top Export Markets for Fresh Whole Chicken from Latvia in 2022:
- Sweden (468.4 tons)
- Lithuania (321.8 tons)
- Estonia (206.7 tons)
- Finland (48.2 tons)
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