Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Latvia - 2023
Contents:
- Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Latvia (FOB) - 2023
- Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Latvia
Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Latvia (FOB) - 2023
In November 2023, the average export price for swine; live, (other than pure-bred breeding animals), weighing less than 50kg amounted to $83.9 per unit, rising by 9.6% against the previous month. Overall, export price indicated strong growth from November 2022 to November 2023: its price increased at an average monthly rate of +5.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for swine; live, (other than pure-bred breeding animals), weighing less than 50kg decreased by -19.9% against June 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 22% m-o-m. The export price peaked at $105 per unit in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In November 2023, the country with the highest price was Denmark ($93.7 per unit), while the average price for exports to Lithuania ($70.7 per unit) 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 Lithuania (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Latvia
In 2022, approx. 133K units of swine; live, (other than pure-bred breeding animals), weighing less than 50kg were exported from Latvia; growing by 6.3% on the year before. The total export volume increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 46% against the previous year. As a result, the exports reached the peak of 136K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of swine; live, (other than pure-bred breeding animals), weighing less than 50kg expanded to $6.5M in 2022. In general, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 49% against the previous year. As a result, the exports attained the peak of $8.6M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
Export of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 1.5 | 4.2 | 2.7 | 3.3 | 30.1% |
Lithuania | 4.2 | 4.4 | 3.6 | 3.3 | -7.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 5.7 | 8.6 | 6.3 | 6.5 | 4.5% |
Top Export Markets for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg from Latvia in 2022:
- Lithuania (76.9K units)
- Poland (56.0K units)
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