Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Latvia - 2023

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Latvia (FOB) - 2023
2. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Latvia (CIF) - 2022
3. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Latvia
4. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Latvia

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Latvia (FOB) - 2023

In October 2023, the average export price for frozen carcasses and half-carcasses of bovine meat amounted to $4,047 per ton, reducing by -1.6% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 12% against the previous month. Over the period under review, the average export prices hit record highs at $4,800 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From December 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to +0.3% per month.

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Latvia (CIF) - 2022

In 2022, the average import price for frozen carcasses and half-carcasses of bovine meat amounted to $3,750 per ton, rising by 37% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 529% against the previous year. As a result, import price reached the peak level of $17,679 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +33.2% per year.

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Latvia

In 2022, overseas shipments of frozen carcasses and half-carcasses of bovine meat decreased by 0% to 65 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,298% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat amounted to $256K in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,292% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Latvia in 2022:

1. Netherlands (65.4 tons)

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Latvia

In 2022, the amount of frozen carcasses and half-carcasses of bovine meat imported into Latvia fell sharply to 4 kg, with a decrease of 99.9% compared with the previous year's figure. Over the period under review, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 258% against the previous year. As a result, imports reached the peak of 26 tons, and then contracted dramatically in the following year.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat shrank markedly to $15 in 2022. Overall, imports faced a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 228% against the previous year. As a result, imports attained the peak of $71K, and then dropped significantly in the following year.

Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Latvia in 2022:

1. Germany (4.0 kg)

Source: IndexBox Market Intelligence Platform