Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in Latvia - 2023

Contents:

1. Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in Latvia (CIF) - 2022
2. Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in Latvia (FOB) - 2022
3. Imports of Plants, Live; Rhododendrons and Azaleas, Grafted or Not in Latvia
4. Exports of Plants, Live; Rhododendrons and Azaleas, Grafted or Not in Latvia

Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in Latvia (CIF) - 2022

In 2022, the average import price for plants, live; rhododendrons and azaleas, grafted or nots amounted to $4.4 per unit, with a decrease of -17.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 37%. Over the period under review, average import prices hit record highs at $5.3 per unit in 2021, and then declined significantly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($4.8 per unit), while the price for Poland ($4.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in Latvia (FOB) - 2022

The average export price for plants, live; rhododendrons and azaleas, grafted or nots stood at $3.3 per unit in 2022, reducing by -18.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 120% against the previous year. As a result, the export price reached the peak level of $7.6 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($6.4 per unit), while the average price for exports to Kyrgyzstan ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.0%).

Imports of Plants, Live; Rhododendrons and Azaleas, Grafted or Not in Latvia

In 2022, overseas purchases of plants, live; rhododendrons and azaleas, grafted or nots decreased by -31.9% to 45K units, falling for the second year in a row after two years of growth. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, imports attained the peak of 79K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of plants, live; rhododendrons and azaleas, grafted or nots dropped rapidly to $195K in 2022. Overall, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 93% against the previous year. Imports peaked at $347K in 2021, and then dropped remarkably in the following year.

Top Suppliers of Plants, Live; Rhododendrons and Azaleas, Grafted or Not to Latvia in 2022:

1. Netherlands (33.5K units)
2. Poland (7.2K units)
3. Belgium (3.8K units)

Exports of Plants, Live; Rhododendrons and Azaleas, Grafted or Not in Latvia

In 2022, after three years of growth, there was significant decline in overseas shipments of plants, live; rhododendrons and azaleas, grafted or nots, when their volume decreased by -17.6% to 42K units. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 961%. Over the period under review, the exports of reached the maximum at 51K units in 2021, and then fell significantly in the following year.

In value terms, exports of plants, live; rhododendrons and azaleas, grafted or nots shrank significantly to $137K in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 759% against the previous year. The exports peaked at $205K in 2021, and then reduced rapidly in the following year.

Top Export Markets for Plants, Live; Rhododendrons and Azaleas, Grafted or Not from Latvia in 2022:

1. Russia (22.3K units)
2. Georgia (11.7K units)
3. Kyrgyzstan (4.6K units)
4. Estonia (1.5K units)
5. Netherlands (1.1K units)

Source: IndexBox Market Intelligence Platform