Frozen Whole Chicken Price in Latvia - 2023
Contents:
- Frozen Whole Chicken Price in Latvia (CIF) - 2023
- Frozen Whole Chicken Price in Latvia (FOB) - 2022
- Frozen Whole Chicken Imports in Latvia
- Frozen Whole Chicken Exports in Latvia
Frozen Whole Chicken Price in Latvia (CIF) - 2023
In September 2023, the average frozen whole chicken import price amounted to $2,249 per ton, which is down by -15.6% against the previous month. Over the period under review, import price indicated a resilient expansion from September 2022 to September 2023: its price increased at an average monthly rate of +7.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, frozen whole chicken import price decreased by -15.6% against August 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 117% against the previous month. The import price peaked at $2,666 per ton in August 2023, and then declined dramatically in the following month.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Poland ($2,534 per ton), while the price for Lithuania ($2,097 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 Poland (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Chicken Price in Latvia (FOB) - 2022
In 2022, the average frozen whole chicken export price amounted to $2,578 per ton, surging by 3.8% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen whole chicken export price increased by +78.1% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 37%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($4,219 per ton), while the average price for exports to the Netherlands ($1,268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+93.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Chicken Imports in Latvia
In 2022, overseas purchases of frozen whole chickens were finally on the rise to reach 1.5K tons after two years of decline. In general, imports, however, showed a abrupt curtailment.
In value terms, frozen whole chicken imports surged to $2.9M in 2022. Overall, imports, however, recorded a abrupt curtailment.
| Import of Frozen Whole Chicken in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1,373 | 691 | 491 | 1,010 | -9.7% |
| Poland | 1,542 | 1,174 | 1,404 | 967 | -14.4% |
| Netherlands | 54.8 | 131 | 336 | 568 | 118.0% |
| Germany | 0.5 | 32.9 | 41.5 | 109 | 501.8% |
| Denmark | 49.0 | N/A | 0.9 | 83.2 | 19.3% |
| Slovakia | N/A | N/A | N/A | 60.3 | 0% |
| Estonia | 253 | 105 | 99.0 | 11.2 | -64.6% |
| Others | 142 | 106 | 113 | 99.8 | -11.1% |
| Total | 3,414 | 2,240 | 2,485 | 2,909 | -5.2% |
Top Suppliers of Frozen Whole Chicken to Latvia in 2022:
- Poland (549.7 tons)
- Lithuania (416.9 tons)
- Netherlands (375.6 tons)
- Denmark (67.1 tons)
- Germany (60.1 tons)
- Slovakia (33.2 tons)
- Estonia (5.9 tons)
Frozen Whole Chicken Exports in Latvia
In 2022, approx. 509 tons of frozen whole chickens were exported from Latvia; rising by 54% against the year before. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen whole chicken exports skyrocketed to $1.3M in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Whole Chicken in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 175 | 163 | 390 | 423 | 34.2% |
| Sweden | 11.2 | 2.9 | 146 | 372 | 221.4% |
| Finland | N/A | N/A | N/A | 184 | 0% |
| Belgium | 25.1 | 35.1 | 57.6 | 89.5 | 52.8% |
| Estonia | 87.5 | 52.4 | 82.2 | 87.9 | 0.2% |
| Lithuania | 219 | 147 | 124 | 78.3 | -29.0% |
| Netherlands | 11.6 | 3.7 | 12.9 | 74.9 | 86.2% |
| Czech Republic | 47.3 | N/A | N/A | N/A | 0% |
| Italy | N/A | 43.4 | 6.7 | N/A | -84.6% |
| Others | N/A | N/A | 2.7 | 3.5 | 29.6% |
| Total | 577 | 447 | 822 | 1,313 | 31.5% |
Top Export Markets for Frozen Whole Chicken from Latvia in 2022:
- Norway (157.0 tons)
- Sweden (133.1 tons)
- Netherlands (59.0 tons)
- Finland (58.0 tons)
- Belgium (48.4 tons)
- Estonia (33.5 tons)
- Lithuania (18.6 tons)
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