Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia (CIF) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia (FOB) - 2023
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia (CIF) - 2023
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,390 per ton in November 2023, dropping by -4.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 26% against the previous month. The import price peaked at $4,493 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($9,680 per ton), while the price for Estonia ($2,590 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia (FOB) - 2023
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $2,943 per ton in November 2023, dropping by -10.4% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 31% month-to-month. Over the period under review, the average export prices hit record highs at $4,535 per ton in August 2023; however, from September 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($8,933 per ton), while the average price for exports to Israel ($2,072 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia
For the fourth consecutive year, Latvia recorded growth in purchases abroad of soups and broths and preparations therefor; homogenised composite food preparationses, which increased by 1.2% to 2.1K tons in 2022. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses declined to $6.1M in 2022. Over the period under review, imports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of 2.2%. As a result, imports reached the peak of $6.5M, and then contracted in the following year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 2,051 | 2,095 | 2,481 | 2,826 | 11.3% |
| Estonia | 955 | 1,012 | 999 | 797 | -5.9% |
| Poland | 1,211 | 917 | 1,029 | 495 | -25.8% |
| Czech Republic | 68.0 | 100 | 112 | 412 | 82.3% |
| Croatia | 284 | 335 | 362 | 400 | 12.1% |
| Sweden | 403 | 484 | 593 | 376 | -2.3% |
| Germany | 148 | 107 | 161 | 279 | 23.5% |
| Austria | 251 | 220 | 330 | 194 | -8.2% |
| Netherlands | 786 | 574 | 126 | 156 | -41.7% |
| Others | 231 | 561 | 355 | 211 | -3.0% |
| Total | 6,388 | 6,406 | 6,548 | 6,148 | -1.3% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Latvia in 2022:
- Lithuania (1106.6 tons)
- Estonia (387.1 tons)
- Poland (140.7 tons)
- Croatia (105.5 tons)
- Czech Republic (97.2 tons)
- Sweden (87.1 tons)
- Germany (78.9 tons)
- Austria (41.5 tons)
- Netherlands (12.6 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia
For the fourth consecutive year, Latvia recorded growth in shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses, which increased by 22% to 1.2K tons in 2022. The total export volume increased at an average annual rate of +14.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses skyrocketed to $3.3M in 2022. The total export value increased at an average annual rate of +13.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.3 | 1.5 | 338 | 780 | 518.3% |
| Estonia | 569 | 602 | 371 | 768 | 10.5% |
| Lithuania | 615 | 637 | 539 | 490 | -7.3% |
| Germany | 346 | 457 | 437 | 449 | 9.1% |
| Czech Republic | 171 | 114 | 169 | 175 | 0.8% |
| United Kingdom | 149 | 153 | 198 | 138 | -2.5% |
| Sweden | 236 | 122 | 100 | 98.9 | -25.2% |
| Russia | 60.6 | 145 | 184 | 83.0 | 11.1% |
| Israel | 57.5 | 81.6 | 73.5 | 62.0 | 2.5% |
| Others | 68.3 | 106 | 299 | 265 | 57.1% |
| Total | 2,276 | 2,419 | 2,708 | 3,309 | 13.3% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Latvia in 2022:
- Estonia (314.7 tons)
- Netherlands (203.6 tons)
- Germany (198.5 tons)
- Lithuania (195.7 tons)
- United Kingdom (62.3 tons)
- Czech Republic (46.4 tons)
- Israel (38.6 tons)
- Sweden (28.1 tons)
- Russia (24.7 tons)
585
This report provides an in-depth analysis of the canned food market in Latvia.
126
This report provides an in-depth analysis of the soups market in Latvia.
172
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in Latvia.
2298
This report provides an in-depth analysis of the global canned food market.
1480
This report provides an in-depth analysis of the global soups market.
607
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
585
This report provides an in-depth analysis of the canned food market in Latvia.
126
This report provides an in-depth analysis of the soups market in Latvia.
2298
This report provides an in-depth analysis of the global canned food market.
1480
This report provides an in-depth analysis of the global soups market.
136
Explore the top import markets for canned food around the world and key statistics on their import values. Learn about the leading countries driving the global canned food industry.
1347
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
1016
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
1718
Germany continued its dominance in the global trade of homogenized composite food preparations. In 2014, Germany exported X thousand tons of homogenized composite food preparations totaling X million USD, X% under the previous year. Its primary tra
146
Global demand for soups and broths is expected to continue rising over the next seven years. The market is forecasted to experience growth in both volume and value terms, reaching 9.7M tons and $34.9B respectively by 2030.
309
Soups are one of the most popular food products worldwide, providing a convenient and nutritious option for consumers. This article explores the top import markets for soups, including the United States, Canada, Mexico, Germany, and the Netherlands. These countries offer lucrative opportunities for soup manufacturers and exporters due to factors such as busy lifestyles, diverse consumer preferences, and growing health consciousness. Utilizing market intelligence platforms like IndexBox can further enhance success in these markets.
319
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
136
Explore the top import markets for canned food around the world and key statistics on their import values. Learn about the leading countries driving the global canned food industry.
1347
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
1016
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
