Price for Smoked Fish, Incl. Fillets in Latvia - 2024
Contents:
- Price for Smoked Fish, Incl. Fillets in Latvia (CIF) - 2024
- Price for Smoked Fish, Incl. Fillets in Latvia (FOB) - 2024
- Imports of Smoked Fish, Incl. Fillets in Latvia
- Exports of Smoked Fish, Incl. Fillets in Latvia
Price for Smoked Fish, Incl. Fillets in Latvia (CIF) - 2024
The average smoked fish, incl. fillets import price stood at $10,319 per ton in March 2024, picking up by 51% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +4.7%. As a result, import price attained 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 March 2024, the country with the highest price was Germany ($25,689 per ton), while the price for Lithuania ($5,934 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Poland (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Smoked Fish, Incl. Fillets in Latvia (FOB) - 2024
The average smoked fish, incl. fillets export price stood at $7,244 per ton in March 2024, approximately mirroring the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 34% against the previous month. The export price peaked at $9,177 per ton in August 2023; however, from September 2023 to March 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bulgaria ($14,231 per ton), while the average price for exports to Lithuania ($6,321 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Smoked Fish, Incl. Fillets in Latvia
For the fourth year in a row, Latvia recorded growth in overseas purchases of smoked fish, incl. fillets, which increased by 13% to 422 tons in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, smoked fish, incl. fillets imports soared to $2.5M in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Smoked Fish, Incl. Fillets in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 391 | 776 | 1,478 | 1,516 | 57.1% |
| Poland | 41.7 | 132 | 90.7 | 529 | 133.2% |
| Germany | 163 | 2.5 | 23.6 | 201 | 7.2% |
| Estonia | 158 | 180 | 120 | 156 | -0.4% |
| Others | 44.2 | 23.7 | 39.7 | 62.6 | 12.3% |
| Total | 798 | 1,115 | 1,752 | 2,464 | 45.6% |
Top Suppliers of Smoked Fish, Incl. Fillets to Latvia in 2022:
- Lithuania (324.7 tons)
- Poland (75.4 tons)
- Germany (11.2 tons)
- Estonia (8.3 tons)
Exports of Smoked Fish, Incl. Fillets in Latvia
Smoked fish, incl. fillets exports from Latvia rose significantly to 198 tons in 2022, increasing by 7% against 2021 figures. Over the period under review, exports, however, saw a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of 9%.
In value terms, smoked fish, incl. fillets exports soared to $1.4M in 2022. The total export value increased at an average annual rate of +11.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Smoked Fish, Incl. Fillets in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 196 | 305 | 441 | 320 | 17.8% |
| Estonia | 388 | 191 | 162 | 286 | -9.7% |
| Cyprus | N/A | 0.3 | N/A | 225 | 2638.6% |
| Lithuania | 239 | 185 | 202 | 219 | -2.9% |
| Australia | 29.7 | 57.3 | 80.7 | 81.5 | 40.0% |
| Italy | 27.1 | 57.6 | 72.6 | 50.8 | 23.3% |
| United Kingdom | 57.6 | 74.4 | 65.7 | 40.6 | -11.0% |
| United States | 22.8 | 112 | 49.1 | 7.2 | -31.9% |
| Others | 18.1 | 44.9 | 92.5 | 128 | 91.9% |
| Total | 979 | 1,027 | 1,166 | 1,358 | 11.5% |
Top Export Markets for Smoked Fish, Incl. Fillets from Latvia in 2022:
- Estonia (52.6 tons)
- Germany (45.5 tons)
- Lithuania (40.1 tons)
- Cyprus (14.7 tons)
- Australia (11.6 tons)
- United Kingdom (7.4 tons)
- Italy (6.8 tons)
- United States (1.3 tons)
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