Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Latvia - 2023

Contents:

  1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia (CIF) - 2022
  2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia (FOB) - 2022
  3. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia
  4. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia (CIF) - 2022

The average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $6,613 per ton in 2022, surging by 1.8% against the previous year. Over the period under review, the import price saw noticeable growth. The pace of growth was the most pronounced in 2013 an increase of 98%. The import price peaked at $13,599 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,177 per ton), while the price for Estonia stood at $3,881 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia (FOB) - 2022

The average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $3,464 per ton in 2022, stabilizing at the previous year. Overall, the export price showed a remarkable increase. The growth pace was the most rapid in 2014 when the average export price increased by 205% against the previous year. As a result, the export price reached the peak level of $3,536 per ton; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +8.0% per year.

Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia

Imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia into Latvia rose rapidly to 690 kg in 2022, surging by 13% against the year before. Overall, imports, however, showed a dramatic decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 134%.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia expanded markedly to $4.6K in 2022. In general, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 169% against the previous year.

Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.51.54.04.139.8%
EstoniaN/AN/AN/A0.50%
Belgium0.6N/AN/AN/A0%
Italy5.3N/AN/AN/A0%
Netherlands0.2N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total7.61.54.04.6-15.4%

Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Latvia in 2022:

  1. Germany (572.0 kg)
  2. Estonia (118.0 kg)

Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia

Exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia from Latvia totaled 112 kg in 2022, approximately equating 2021. Overall, exports posted a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia totaled $388 in 2022. Over the period under review, exports saw a significant increase. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Latvia (USD)
COUNTRY202020212022CAGR,
2020-2022
Estonia60.0N/A388154.3%
OthersN/AN/AN/A0%
Total60.0N/A388154.3%

Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Latvia in 2022:

  1. Estonia (112.0 kg)

Source: IndexBox Market Intelligence Platform

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