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Latvia - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGroundnuts Price in Latvia - 2023
Contents:
- Groundnuts Price in Latvia (CIF) - 2022
- Groundnuts Price in Latvia (FOB) - 2022
- Groundnuts Imports in Latvia
- Groundnuts Exports in Latvia
Groundnuts Price in Latvia (CIF) - 2022
In 2022, the average groundnuts import price amounted to $1,524 per ton, increasing by 5.6% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The growth pace was the most rapid in 2017 when the average import price increased by 18% against the previous year. The import price peaked at $1,883 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($1,748 per ton), while the price for Uzbekistan amounted to $1,498 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Groundnuts Price in Latvia (FOB) - 2022
In 2022, the average groundnuts export price amounted to $1,793 per ton, rising by 3.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs at $1,867 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +1.4% per year.
Groundnuts Imports in Latvia
Groundnuts imports into Latvia shrank significantly to 79 tons in 2022, waning by -42.2% on the year before. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,534% against the previous year. As a result, imports reached the peak of 136 tons, and then shrank notably in the following year.
In value terms, groundnuts imports reduced sharply to $120K in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,244% against the previous year. As a result, imports reached the peak of $196K, and then dropped markedly in the following year.
Import of Groundnuts in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uzbekistan | N/A | 0.1 | 195 | 111 | 3231.7% |
Lithuania | 9.8 | 12.4 | N/A | 6.5 | -12.8% |
Poland | 13.4 | N/A | N/A | N/A | 0% |
Netherlands | 30.5 | N/A | N/A | N/A | 0% |
Others | 1.8 | 2.1 | 1.8 | 2.0 | 3.6% |
Total | 55.5 | 14.6 | 196 | 120 | 29.3% |
Top Suppliers of Groundnuts to Latvia in 2022:
- Uzbekistan (74.4 tons)
- Lithuania (3.7 tons)
Groundnuts Exports in Latvia
In 2022, the amount of ground-nut (in-shell) exported from Latvia declined notably to 18 tons, which is down by -73.2% compared with 2021. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by 247%. As a result, the exports attained the peak of 66 tons, and then shrank rapidly in the following year.
In value terms, groundnuts exports declined sharply to $32K in 2022. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 228% against the previous year. As a result, the exports reached the peak of $115K, and then contracted rapidly in the following year.
Export of Groundnuts in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 34.2 | 35.0 | 48.7 | 31.7 | -2.5% |
Bulgaria | N/A | N/A | 30.1 | N/A | 0% |
Lithuania | N/A | N/A | 20.8 | N/A | 0% |
Poland | N/A | N/A | 14.9 | N/A | 0% |
Others | N/A | N/A | N/A | 0.2 | 0% |
Total | 34.2 | 35.0 | 115 | 31.8 | -2.4% |
Top Export Markets for Groundnuts from Latvia in 2022:
- Estonia (17.7 tons)
This report provides an in-depth analysis of the groundnuts 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:
- FCL 242 - Groundnuts, in shell
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
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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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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 groundnuts market in Latvia.
This report provides an in-depth analysis of the global groundnuts market.
This report provides an in-depth analysis of the groundnuts market in Latvia.
This report provides an in-depth analysis of the global groundnuts market.
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