Latvia: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Latvia

In 2023, the Latvian mushroom and truffle market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Mushroom And Truffle Production in Latvia

In value terms, mushroom and truffle production expanded notably to $X in 2023 estimated in export price. Overall, production saw a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. Mushroom and truffle production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

In 2023, the average yield of mushrooms and truffles in Latvia was estimated at less than X kg per ha, standing approx. at the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mushroom and truffle harvested area in Latvia was estimated at less than X ha in 2023, therefore, remained relatively stable against the previous year. In general, the harvested area saw a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Latvia

In 2023, after two years of decline, there was significant growth in overseas shipments of mushrooms and truffles, when their volume increased by X% to X tons. In general, exports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, mushroom and truffle exports soared to $X in 2023. Overall, exports, however, saw a pronounced setback. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), France (X tons) and Lithuania (X tons) were the main destinations of mushroom and truffle exports from Latvia, together comprising X% of total exports. Finland, Estonia, Sweden, the Netherlands, Belgium, Germany and Norway lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mushroom and truffle exported from Latvia were Switzerland ($X), France ($X) and Finland ($X), together accounting for X% of total exports.

Finland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into Latvia

In 2023, overseas purchases of mushrooms and truffles decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, mushroom and truffle imports skyrocketed to $X in 2023. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Lithuania (X tons) was the main mushroom and truffle supplier to Latvia, accounting for a X% share of total imports. Moreover, mushroom and truffle imports from Lithuania exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume from Lithuania amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Poland (X% per year).

In value terms, Lithuania ($X) constituted the largest supplier of mushrooms and truffles to Latvia, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Lithuania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the average mushroom and truffle import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, mushroom and truffle import price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform