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Latvia - Caviar (Salmon) And Caviar Substitutes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Caviar (Salmon) and Caviar Substitutes in Latvia - 2023
Contents:
- Price for Caviar (Salmon) and Caviar Substitutes in Latvia (FOB) - 2023
- Price for Caviar (Salmon) and Caviar Substitutes in Latvia (CIF) - 2022
- Exports of Caviar (Salmon) and Caviar Substitutes in Latvia
- Imports of Caviar (Salmon) and Caviar Substitutes in Latvia
Price for Caviar (Salmon) and Caviar Substitutes in Latvia (FOB) - 2023
In August 2023, the average export price for caviar (salmon) and caviar substitutes amounted to $23,195 per ton, reducing by -9.5% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average export price increased by 49% against the previous month. Over the period under review, the average export prices reached the peak figure at $29,300 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Greece ($46,800 per ton), while the average price for exports to the UK ($7,945 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Caviar (Salmon) and Caviar Substitutes in Latvia (CIF) - 2022
The average import price for caviar (salmon) and caviar substitutes stood at $16,933 per ton in 2022, rising by 33% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The import price peaked at $21,788 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($42,395 per ton), while the price for Belarus ($5,917 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Caviar (Salmon) and Caviar Substitutes in Latvia
Caviar (salmon) and caviar substitutes exports from Latvia declined to 182 tons in 2022, shrinking by -11.5% compared with 2021 figures. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 61%. As a result, the exports attained the peak of 206 tons, and then dropped in the following year.
In value terms, caviar (salmon) and caviar substitutes exports declined rapidly to $4.2M in 2022. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, the exports reached the peak of $5M, and then fell sharply in the following year.
Export of Caviar (Salmon) and Caviar Substitutes in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 893 | 688 | 1,082 | 1,068 | 6.1% |
Netherlands | 176 | 882 | 1,534 | 725 | 60.3% |
Estonia | 372 | 425 | 581 | 354 | -1.6% |
Mexico | N/A | N/A | N/A | 308 | 0% |
Denmark | 287 | 146 | 346 | 244 | -5.3% |
Belgium | 32.3 | N/A | 13.7 | 221 | 89.8% |
Morocco | N/A | N/A | N/A | 194 | 0% |
Germany | 175 | 102 | 280 | 190 | 2.8% |
France | 142 | 36.7 | 98.5 | 120 | -5.5% |
Cyprus | 1.4 | N/A | 74.4 | 95.5 | 308.6% |
Italy | N/A | 52.8 | 309 | 90.1 | 30.6% |
United Kingdom | 41.8 | 84.6 | 43.5 | 86.9 | 27.6% |
Ukraine | N/A | N/A | N/A | 72.5 | 0% |
Others | 429 | 372 | 595 | 435 | 0.5% |
Total | 2,549 | 2,790 | 4,958 | 4,204 | 18.1% |
Top Export Markets for Caviar (Salmon) and Caviar Substitutes from Latvia in 2022:
- Lithuania (53.3 tons)
- Netherlands (30.0 tons)
- Estonia (16.4 tons)
- Mexico (14.3 tons)
- Denmark (11.3 tons)
- Belgium (8.9 tons)
- Morocco (8.3 tons)
- Germany (8.1 tons)
- France (4.8 tons)
- United Kingdom (4.8 tons)
- Cyprus (4.2 tons)
- Ukraine (3.6 tons)
- Italy (3.6 tons)
Imports of Caviar (Salmon) and Caviar Substitutes in Latvia
After three years of growth, supplies from abroad of caviar (salmon) and caviar substitutes decreased by -59.1% to 92 tons in 2022. In general, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports attained the peak of 225 tons, and then contracted significantly in the following year.
In value terms, caviar (salmon) and caviar substitutes imports reduced rapidly to $1.6M in 2022. Overall, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 29%.
Import of Caviar (Salmon) and Caviar Substitutes in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 242 | 554 | 346 | 419 | 20.1% |
Lithuania | 771 | 972 | 1,031 | 345 | -23.5% |
Netherlands | 109 | 289 | 293 | 292 | 38.9% |
Denmark | 105 | 82.6 | 190 | 135 | 8.7% |
Sweden | 210 | 123 | 356 | 97.9 | -22.5% |
Poland | N/A | 3.4 | 294 | 93.7 | 425.0% |
Belarus | N/A | N/A | N/A | 28.2 | 0% |
Estonia | 230 | 8.7 | 5.0 | 17.0 | -58.0% |
Others | 129 | 281 | 340 | 129 | 0.0% |
Total | 1,796 | 2,314 | 2,854 | 1,556 | -4.7% |
Top Suppliers of Caviar (Salmon) and Caviar Substitutes to Latvia in 2022:
- Lithuania (43.3 tons)
- Netherlands (13.9 tons)
- Germany (9.9 tons)
- Poland (6.8 tons)
- Sweden (5.6 tons)
- Belarus (4.8 tons)
- Denmark (3.9 tons)
- Estonia (0.4 tons)
This report provides an in-depth analysis of the market for caviar (salmon) and caviar substitutes 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 10202660 - Caviar substitutes
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
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