Price for Mollusc Preparations; Octopus, Prepared or Preserved in Latvia - 2023
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Latvia (CIF) - 2022
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Latvia (FOB) - 2022
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Latvia
- Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Latvia
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Latvia (CIF) - 2022
In 2022, the average import price for mollusc preparations; octopus, prepared or preserveds amounted to $16,492 per ton, with an increase of 50% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mollusc preparations; octopus, prepared or preserveds increased by +100.9% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($27,528 per ton), while the price for Italy ($12,204 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Latvia (FOB) - 2022
In 2022, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $30,370 per ton, dropping by -10.3% against the previous year. In general, the export price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2016 an increase of 93% against the previous year. Over the period under review, the average export prices hit record highs at $42,688 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($30,755 per ton), while the average price for exports to Lithuania totaled $29,955 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+25.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Latvia
In 2022, overseas purchases of mollusc preparations; octopus, prepared or preserveds decreased by -33.6% to 5.7 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. As a result, imports attained the peak of 11 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds declined slightly to $93K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 52%.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 17.1 | 40.9 | 30.3 | 38.3 | 30.8% |
| Italy | 14.7 | 8.5 | 10.3 | 19.4 | 9.7% |
| Spain | 0.3 | 35.0 | 31.2 | 18.2 | 292.9% |
| Netherlands | 0.2 | 5.4 | 10.1 | 11.5 | 286.0% |
| Germany | 3.2 | 1.3 | 7.2 | 4.5 | 12.0% |
| Portugal | 24.9 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 1.2 | 4.9 | 1.5 | 55.4% |
| Total | 60.8 | 92.3 | 93.9 | 93.3 | 15.3% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Latvia in 2022:
- Estonia (1844.0 kg)
- Italy (1586.0 kg)
- Spain (1318.0 kg)
- Netherlands (668.0 kg)
- Germany (190.0 kg)
Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Latvia
After three years of growth, overseas shipments of mollusc preparations; octopus, prepared or preserveds decreased by -70.3% to 416 kg in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 360% against the previous year.
In value terms, exports of mollusc preparations; octopus, prepared or preserveds reduced remarkably to $13K in 2022. In general, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 227%.
| Export of Mollusc Preparations; Octopus, Prepared or Preserved in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 4.1 | 8.1 | N/A | 6.6 | 17.2% |
| Lithuania | 4.5 | 2.1 | 3.4 | 6.0 | 10.1% |
| Israel | N/A | 18.0 | 44.0 | N/A | 144.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.6 | 28.2 | 47.5 | 12.6 | 13.6% |
Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from Latvia in 2022:
- Estonia (216.0 kg)
- Lithuania (200.0 kg)
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