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Latvia - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHazelnut Price in Latvia - 2023
Contents:
- Hazelnut Price in Latvia (CIF) - 2022
- Hazelnut Price in Latvia (FOB) - 2022
- Hazelnut Imports in Latvia
- Hazelnut Exports in Latvia
Hazelnut Price in Latvia (CIF) - 2022
In 2022, the average hazelnut import price amounted to $3,082 per ton, which is down by -2.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 36% against the previous year. The import price peaked at $5,326 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($4,834 per ton), while the price for Poland ($2,032 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Hazelnut Price in Latvia (FOB) - 2022
The average hazelnut export price stood at $3,646 per ton in 2022, with a decrease of -1.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 225% against the previous year. As a result, the export price reached the peak level of $9,509 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($3,918 per ton), while the average price for exports to Estonia ($3,586 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 Lithuania (+0.7%), while the prices for the other major destinations experienced a decline.
Hazelnut Imports in Latvia
In 2022, hazelnut imports into Latvia rose remarkably to 27 tons, growing by 8.1% compared with 2021. Over the period under review, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +3.5% 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 -29.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 57% against the previous year. As a result, imports attained the peak of 39 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hazelnut imports rose significantly to $84K in 2022. In general, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.9% 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 decreased by -31.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 63%. As a result, imports reached the peak of $123K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Hazelnut in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Georgia | 25.3 | 44.0 | 67.7 | 67.7 | 38.8% |
Turkey | N/A | N/A | N/A | 9.3 | 0% |
Poland | 1.8 | 14.8 | 3.4 | 2.6 | 13.0% |
Lithuania | 38.7 | 61.0 | 2.5 | 2.5 | -59.9% |
Estonia | 8.9 | 2.5 | 3.6 | 0.9 | -53.4% |
Others | 0.6 | 0.5 | 2.8 | 1.5 | 35.7% |
Total | 75.2 | 123 | 80.0 | 84.4 | 3.9% |
Top Suppliers of Hazelnut to Latvia in 2022:
- Georgia (22.0 tons)
- Turkey (3.0 tons)
- Poland (1.3 tons)
- Lithuania (0.5 tons)
- Estonia (0.4 tons)
Hazelnut Exports in Latvia
In 2022, approx. 7 tons of hazelnuts were exported from Latvia; shrinking by -7.9% against 2021. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year.
In value terms, hazelnut exports fell to $26K in 2022. In general, exports showed a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 62%.
Export of Hazelnut in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 10.4 | 10.3 | 11.0 | 12.4 | 6.0% |
Lithuania | 6.9 | 7.0 | 17.4 | 10.0 | 13.2% |
Finland | N/A | 0.2 | N/A | 3.1 | 293.7% |
Hungary | 59.7 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | 0.2 | 0% |
Total | 77.0 | 17.5 | 28.3 | 25.7 | -30.6% |
Top Export Markets for Hazelnut from Latvia in 2022:
- Estonia (3.5 tons)
- Lithuania (2.7 tons)
- Finland (0.8 tons)
This report provides an in-depth analysis of the hazelnut 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 225 - Hazelnuts (Filberts)
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
- 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
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Global hazelnut consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
In 2015, the global hazelnut market grew to X thousand tons.
From 2007 to 2015, global exports on the hazelnut market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports amounted to X thousand tons in 2015, a decrease of X thousand tons (or X%) on the previous yea
The value of total imports on the global hazelnut market in 2015 stood at X million USD, an increase of X million USD (or X%) on the previous year. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, haze
The global production of hazelnuts was estimated at X thousand tons in 2015, an increase of X thousand tons (or X%) on the figure for 2014, and X thousand tons (or X%) less than the peak production level that was recorded in 2008. In valu
In 2015, the global hazelnut market grew to X thousand tons, following the significant market contraction in 2014. In value terms, the market volume increased over the period from 2014-2015, reaching X million USD.
Producers of confectionary products, wishing to reduce their dependency on Turkey's erratic and unstable hazelnut yield figures, are showing interest in the development of new areas and sites intended for hazelnut cultivation.
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Discover the top import markets for nuts and tap into a significant growth opportunity. India, Vietnam, China, Germany, and Italy are among the leading destinations for nut exporters.