Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia - 2023
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia (CIF) - 2023
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia (FOB) - 2022
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia (CIF) - 2023
In September 2023, the average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $8,898 per ton, rising by 7.3% against the previous month. In general, import price indicated mild growth from December 2022 to September 2023: its price increased at an average monthly rate of +1.2% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for mollusc preparations; cuttle fish and squid, prepared or preserveds decreased by -6.1% against June 2023 indices. The growth pace was the most rapid in March 2023 an increase of 75% m-o-m. The import price peaked at $9,474 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($10,557 per ton), while the price for Lithuania ($4,253 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia (FOB) - 2022
In 2022, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $6,066 per ton, reducing by -17.6% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38% against the previous year. The export price peaked at $7,362 per ton in 2021, and then declined markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($18,471 per ton), while the average price for exports to Estonia ($4,351 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 the UK (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia
In 2022, approx. 223 tons of mollusc preparations; cuttle fish and squid, prepared or preserveds were imported into Latvia; increasing by 75% compared with 2021 figures. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds skyrocketed to $1.4M in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 365 | 165 | 272 | 823 | 31.1% |
| Spain | 60.7 | 42.9 | 95.4 | 188 | 45.8% |
| Lithuania | 83.6 | 112 | 150 | 167 | 25.9% |
| Netherlands | 1.3 | 34.0 | 70.3 | 89.4 | 309.7% |
| France | 48.2 | 37.8 | 50.7 | 49.4 | 0.8% |
| Peru | 82.9 | N/A | 24.4 | 19.8 | -38.0% |
| Denmark | 41.9 | 28.6 | 28.1 | 14.3 | -30.1% |
| Others | 59.0 | 49.6 | 51.7 | 53.4 | -3.3% |
| Total | 743 | 469 | 743 | 1,404 | 23.6% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Latvia in 2022:
- China (77.2 tons)
- Spain (55.7 tons)
- Lithuania (45.2 tons)
- France (14.3 tons)
- Netherlands (13.3 tons)
- Peru (9.7 tons)
- Denmark (2.2 tons)
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia
In 2022, the amount of mollusc preparations; cuttle fish and squid, prepared or preserveds exported from Latvia soared to 44 tons, surging by 110% against the year before. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds surged to $265K in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 40.3 | 49.3 | 68.0 | 108 | 38.9% |
| Lithuania | 62.3 | 50.1 | 62.9 | 95.9 | 15.5% |
| United Kingdom | N/A | N/A | 14.1 | 60.2 | 327.0% |
| Others | 0.4 | 6.1 | 8.1 | 0.1 | -37.0% |
| Total | 103 | 106 | 153 | 265 | 37.0% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Latvia in 2022:
- Estonia (24.9 tons)
- Lithuania (15.4 tons)
- United Kingdom (3.3 tons)
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