Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia - 2023
Contents:
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia (FOB) - 2022
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia (CIF) - 2022
- Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia
- Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia (FOB) - 2022
In 2022, the average export price for edible products of animal origin; not elsewhere specified or includeds amounted to $12,571 per ton, reducing by -23.5% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2015 an increase of 124%. The export price peaked at $16,429 per ton in 2021, and then reduced markedly in the following year.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($15,910 per ton) and the UK ($15,230 per ton), while the average price for exports to Estonia ($10,662 per ton) and Germany ($12,487 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia (CIF) - 2022
The average import price for edible products of animal origin; not elsewhere specified or includeds stood at $3,217 per ton in 2022, waning by -43.1% against the previous year. Overall, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 927%. The import price peaked at $9,443 per ton in 2018; however, from 2019 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 Denmark ($15,910 per ton), while the price for Poland ($1,812 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia
In 2022, exports of edible products of animal origin; not elsewhere specified or includeds from Latvia dropped remarkably to 10 tons, waning by -55.1% on the year before. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 168%. As a result, the exports attained the peak of 23 tons, and then dropped markedly in the following year.
In value terms, exports of edible products of animal origin; not elsewhere specified or includeds declined sharply to $131K in 2022. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 270% against the previous year. As a result, the exports attained the peak of $380K, and then shrank remarkably in the following year.
| Export of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 188 | 56.2 | 310 | 114 | -15.4% |
| United States | N/A | N/A | N/A | 6.0 | 0% |
| Estonia | 11.5 | 12.9 | 5.0 | 5.3 | -22.8% |
| United Kingdom | 0.1 | 0.1 | 3.4 | 3.0 | 210.7% |
| Poland | N/A | 30.7 | 56.9 | N/A | 85.3% |
| Others | 2.7 | 3.1 | 5.1 | 2.5 | -2.5% |
| Total | 203 | 103 | 380 | 131 | -13.6% |
Top Export Markets for Edible Products of Animal Origin; Not Elsewhere Specified or Included from Latvia in 2022:
- Germany (9.1 tons)
- Estonia (0.5 tons)
- United States (0.4 tons)
- United Kingdom (0.2 tons)
Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia
In 2022, overseas purchases of edible products of animal origin; not elsewhere specified or includeds were finally on the rise to reach 4.3 tons after two years of decline. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of edible products of animal origin; not elsewhere specified or includeds soared to $14K in 2022. In general, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 6.0 | 0% |
| Poland | 0.5 | N/A | N/A | 4.2 | 103.3% |
| Lithuania | 1.1 | N/A | N/A | 3.2 | 42.8% |
| Germany | 6.8 | 7.2 | 3.1 | N/A | -32.5% |
| Others | 2.6 | 2.4 | 0.8 | 0.3 | -51.3% |
| Total | 11.0 | 9.6 | 3.9 | 13.8 | 7.9% |
Top Suppliers of Edible Products of Animal Origin; Not Elsewhere Specified or Included to Latvia in 2022:
- Poland (2.3 tons)
- Lithuania (1.6 tons)
- Denmark (0.4 tons)
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