Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia (CIF) - 2022
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia (FOB) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia (CIF) - 2022
The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $3,945 per ton in 2022, growing by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Lithuania ($4,384 per ton) and the Netherlands ($4,189 per ton), while the price for China ($3,720 per ton) and Spain ($3,740 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $4,297 per ton, rising by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($4,472 per ton), while the average price for exports to Germany ($2,542 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 Estonia (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia
Imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s into Latvia reduced to 426 tons in 2022, waning by -7.2% on the previous year's figure. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 0.6% against the previous year.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $1.7M in 2022. Over the period under review, imports saw a mild reduction.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 359 | 480 | 335 | 817 | 31.5% |
| Lithuania | 290 | 296 | 270 | 374 | 8.8% |
| Netherlands | 64.1 | 189 | 197 | 216 | 49.9% |
| China | 925 | 226 | 454 | 150 | -45.5% |
| Poland | 49.4 | 12.5 | 12.9 | 84.3 | 19.5% |
| Spain | 11.8 | N/A | 23.4 | 26.7 | 31.3% |
| Others | 33.3 | 95.2 | 30.2 | 14.4 | -24.4% |
| Total | 1,733 | 1,299 | 1,322 | 1,682 | -1.0% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Latvia in 2022:
- Argentina (216.0 tons)
- Lithuania (85.3 tons)
- Netherlands (51.4 tons)
- China (40.2 tons)
- Poland (20.4 tons)
- Spain (7.1 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia
After three years of growth, shipments abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s decreased by -19.1% to 172 tons in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.7% 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 +21.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of 212 tons, and then shrank markedly in the following year.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s rose to $737K in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 354 | 340 | 522 | 502 | 12.3% |
| Estonia | 25.3 | 89.4 | 160 | 206 | 101.2% |
| Germany | 2.7 | 6.0 | 8.3 | 8.8 | 48.3% |
| Ireland | 14.6 | 4.4 | 15.4 | 8.3 | -17.2% |
| Others | 1.2 | N/A | 7.0 | 11.7 | 113.6% |
| Total | 398 | 440 | 712 | 737 | 22.8% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Latvia in 2022:
- Lithuania (116.9 tons)
- Estonia (46.1 tons)
- Germany (3.5 tons)
- Ireland (1.6 tons)
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