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Latvia - Prepared Dishes and Meals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Prepared Dishes and Meal in Latvia - 2023
Contents:
- Price for Prepared Dishes and Meal in Latvia (CIF) - 2022
- Price for Prepared Dishes and Meal in Latvia (FOB) - 2023
- Imports of Prepared Dishes and Meal in Latvia
- Exports of Prepared Dishes and Meal in Latvia
Price for Prepared Dishes and Meal in Latvia (CIF) - 2022
The average prepared dishes and meal import price stood at $6,332 per ton in 2022, declining by -9.2% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared dishes and meal import price increased by +50.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 33%. The import price peaked at $6,971 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($17,876 per ton), while the price for Vietnam ($2,056 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Prepared Dishes and Meal in Latvia (FOB) - 2023
The average prepared dishes and meal export price stood at $10,962 per ton in September 2023, picking up by 13% against the previous month. In general, export price indicated modest growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, prepared dishes and meal export price decreased by -20.1% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 52% month-to-month. Over the period under review, the average export prices hit record highs at $13,728 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Kazakhstan ($31,808 per ton), while the average price for exports to the Czech Republic ($2,107 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Prepared Dishes and Meal in Latvia
After two years of decline, supplies from abroad of prepared dishes and meals increased by 20% to 15K tons in 2022. In general, imports, however, saw a relatively flat trend pattern.
In value terms, prepared dishes and meal imports expanded notably to $96M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 14%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
Import of Prepared Dishes and Meal in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 12.5 | 13.9 | 16.0 | 15.6 | 7.7% |
Poland | 8.5 | 9.6 | 11.1 | 14.9 | 20.6% |
Germany | 9.1 | 8.4 | 7.7 | 11.9 | 9.4% |
Netherlands | 6.3 | 7.4 | 11.0 | 11.3 | 21.5% |
Ukraine | 9.7 | 8.3 | 4.8 | 6.4 | -12.9% |
Russia | 2.1 | 4.1 | 5.5 | 4.9 | 32.6% |
Estonia | 3.5 | 4.0 | 4.9 | 4.3 | 7.1% |
Italy | 2.3 | 3.5 | 4.3 | 3.9 | 19.2% |
France | 1.8 | 2.2 | 2.3 | 3.3 | 22.4% |
Sweden | 1.4 | 1.9 | 2.6 | 3.2 | 31.7% |
Belgium | 1.2 | 1.4 | 1.4 | 2.0 | 18.6% |
Finland | 1.3 | 1.5 | 1.9 | 1.9 | 13.5% |
Vietnam | 0.3 | 0.3 | 0.3 | 0.7 | 32.6% |
Others | 11.1 | 14.9 | 14.7 | 11.6 | 1.5% |
Total | 71.2 | 81.4 | 88.4 | 95.9 | 10.4% |
Top Suppliers of Prepared Dishes and Meal to Latvia in 2022:
- Poland (2.6K tons)
- Germany (2.0K tons)
- Ukraine (1.9K tons)
- Lithuania (1.7K tons)
- Estonia (1.1K tons)
- France (0.8K tons)
- Sweden (0.8K tons)
- Netherlands (0.7K tons)
- Italy (0.6K tons)
- Finland (0.4K tons)
- Vietnam (0.3K tons)
- Belgium (0.3K tons)
- Russia (0.3K tons)
Exports of Prepared Dishes and Meal in Latvia
In 2022, approx. 8.2K tons of prepared dishes and meals were exported from Latvia; with an increase of 7.6% against 2021. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 10% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, prepared dishes and meal exports amounted to $80M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
Export of Prepared Dishes and Meal in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 9.4 | 10.2 | 12.8 | 13.7 | 13.4% |
Estonia | 9.1 | 9.0 | 10.6 | 11.8 | 9.0% |
Russia | 3.8 | 6.1 | 7.2 | 9.0 | 33.3% |
Belarus | 3.5 | 3.9 | 6.2 | 4.3 | 7.1% |
Poland | 2.1 | 2.0 | 3.5 | 3.5 | 18.6% |
Netherlands | 1.6 | 3.8 | 5.8 | 3.4 | 28.6% |
Italy | 1.4 | 2.4 | 1.9 | 2.7 | 24.5% |
Greece | 1.3 | 1.6 | 2.2 | 2.6 | 26.0% |
Denmark | 0.4 | 2.4 | 2.4 | 2.5 | 84.2% |
Kazakhstan | 0.9 | 1.0 | 1.0 | 2.5 | 40.6% |
Germany | 0.9 | 1.8 | 1.1 | 2.1 | 32.6% |
Bulgaria | 1.7 | 1.4 | 1.7 | 2.1 | 7.3% |
Czech Republic | 1.2 | 1.5 | 1.1 | 1.1 | -2.9% |
Others | 9.1 | 17.1 | 21.6 | 19.1 | 28.0% |
Total | 46.3 | 64.3 | 78.9 | 80.4 | 20.2% |
Top Export Markets for Prepared Dishes and Meal from Latvia in 2022:
- Lithuania (1843.4 tons)
- Estonia (1704.2 tons)
- Russia (1218.5 tons)
- Belarus (752.7 tons)
- Poland (310.4 tons)
- Bulgaria (185.6 tons)
- Italy (183.4 tons)
- Kazakhstan (182.8 tons)
- Germany (176.7 tons)
- Greece (176.6 tons)
- Czech Republic (175.5 tons)
- Denmark (164.1 tons)
- Netherlands (162.2 tons)
This report provides an in-depth analysis of the market for prepared dishes and meal in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10851900 - Other prepared dishes and meals (including frozen pizza)
- Prodcom 10891940 - Other food preparations n.e.c.
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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