Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia - 2023
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia (CIF) - 2023
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia (FOB) - 2023
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia (CIF) - 2023
In October 2023, the average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $482 per ton, which is down by -66.4% against the previous month. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 44% against the previous month. Over the period under review, average import prices reached the peak figure at $1,568 per ton in June 2023; however, from July 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,659 per ton), while the price for Lithuania ($350 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia (FOB) - 2023
The average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $369 per ton in October 2023, shrinking by -78% against the previous month. Overall, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in August 2023 an increase of 183% month-to-month. The export price peaked at $4,676 per ton in October 2022; however, from November 2022 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($1,953 per ton), while the average price for exports to Denmark ($300 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia
In 2022, overseas purchases of vegetables (uncooked or cooked by steaming or boiling in water); frozen decreased by -3.9% to 13K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 6.7%. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen surged to $14M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 3.8 | 4.5 | 5.0 | 3.9 | 0.9% |
| Poland | 1.8 | 1.9 | 2.3 | 2.8 | 15.9% |
| Netherlands | 1.5 | 0.9 | 0.8 | 2.4 | 17.0% |
| Germany | 0.3 | 0.5 | 0.9 | 1.3 | 63.0% |
| Belgium | 1.0 | 0.8 | 1.1 | 1.2 | 6.3% |
| Estonia | 1.4 | 2.6 | 0.6 | 1.0 | -10.6% |
| Austria | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 1.3 | 0.5 | 0.8 | 0.7 | -18.6% |
| Total | 11.0 | 11.7 | 11.5 | 13.5 | 7.1% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Latvia in 2022:
- Lithuania (4.7K tons)
- Poland (2.6K tons)
- Netherlands (1.9K tons)
- Estonia (1.4K tons)
- Germany (1.0K tons)
- Belgium (1.0K tons)
- Austria (0.2K tons)
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia
In 2022, approx. 8.5K tons of vegetables (uncooked or cooked by steaming or boiling in water); frozen were exported from Latvia; which is down by -46% on the previous year's figure. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 832% against the previous year. As a result, the exports attained the peak of 16K tons, and then reduced notably in the following year.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen dropped dramatically to $7.3M in 2022. In general, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 530%. As a result, the exports reached the peak of $14M, and then contracted notably in the following year.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.2 | N/A | N/A | 2.6 | 135.1% |
| Lithuania | 1.4 | 1.3 | 2.4 | 1.9 | 10.7% |
| Denmark | N/A | N/A | 4.1 | 1.3 | -68.3% |
| Estonia | 0.9 | 0.7 | 2.7 | 1.2 | 10.1% |
| Czech Republic | 1.5 | N/A | 0.1 | 0.2 | -48.9% |
| Poland | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Belgium | N/A | N/A | 0.8 | N/A | 0% |
| France | N/A | N/A | 1.4 | N/A | 0% |
| Others | 0.3 | 0.1 | 2.1 | 0.1 | -30.7% |
| Total | 4.3 | 2.2 | 13.7 | 7.3 | 19.3% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Latvia in 2022:
- Lithuania (2.6K tons)
- Denmark (2.5K tons)
- Germany (1.9K tons)
- Estonia (1.3K tons)
- Czech Republic (0.2K tons)
- Poland (0.1K tons)
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