Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia (FOB) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia (CIF) - 2022
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia (FOB) - 2023
In October 2023, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $10,229 per ton, waning by -5.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in February 2023 an increase of 14% against the previous month. Over the period under review, the average export prices hit record highs at $11,538 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Lithuania ($18,080 per ton), while the average price for exports to Finland ($8,943 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $14,129 per ton in 2022, increasing by 24% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($20,129 per ton), while the price for Spain ($8,069 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of meat of sheep or goats; fresh, chilled or frozen, when their volume decreased by -19.8% to 175 tons. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 25% against the previous year.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen reduced to $1.7M in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of $1.9M, and then shrank in the following year.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 706 | 1,133 | 1,481 | 1,212 | 19.7% |
| Lithuania | 387 | 297 | 338 | 404 | 1.4% |
| Estonia | 139 | 85.7 | 62.9 | 67.7 | -21.3% |
| Sweden | 54.1 | 23.6 | 15.9 | N/A | -45.8% |
| Others | 0.2 | N/A | N/A | 2.2 | 122.4% |
| Total | 1,286 | 1,540 | 1,898 | 1,687 | 9.5% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Latvia in 2022:
- Finland (150.3 tons)
- Lithuania (20.8 tons)
- Estonia (3.8 tons)
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia
After two years of decline, supplies from abroad of meat of sheep or goats; fresh, chilled or frozen increased by 9.7% to 108 tons in 2022. Overall, imports, however, continue to indicate a abrupt shrinkage.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen surged to $1.5M in 2022. In general, imports recorded a slight expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 665 | 531 | 595 | 665 | 0.0% |
| Estonia | 312 | 211 | 175 | 270 | -4.7% |
| Lithuania | 174 | 144 | 135 | 243 | 11.8% |
| Germany | 74.4 | 110 | 182 | 220 | 43.5% |
| Ireland | 155 | 94.1 | 17.7 | 84.0 | -18.5% |
| Spain | 61.0 | 8.9 | 11.6 | 33.2 | -18.4% |
| Others | 35.9 | 2.7 | 4.1 | 6.4 | -43.7% |
| Total | 1,477 | 1,102 | 1,121 | 1,521 | 1.0% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Latvia in 2022:
- Netherlands (45.4 tons)
- Estonia (22.1 tons)
- Lithuania (18.7 tons)
- Germany (10.9 tons)
- Ireland (5.9 tons)
- Spain (4.1 tons)
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