Latvia - Coffee (Green) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGreen Coffee Price in Latvia - 2023
Contents:
- Green Coffee Price in Latvia (CIF) - 2023
- Green Coffee Price in Latvia (FOB) - 2022
- Green Coffee Imports in Latvia
- Green Coffee Exports in Latvia
Green Coffee Price in Latvia (CIF) - 2023
The average green coffee import price stood at $4,812 per ton in September 2023, surging by 5% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 28% against the previous month. Over the period under review, average import prices reached the peak figure at $5,257 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Lithuania ($17,053 per ton), while the price for Brazil ($3,949 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Green Coffee Price in Latvia (FOB) - 2022
In 2022, the average green coffee export price amounted to $4,559 per ton, jumping by 48% against the previous year. In general, the export price, however, recorded a abrupt decline. The export price peaked at $10,433 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($4,641 per ton), while the average price for exports to Sweden amounted to $3,822 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.
Green Coffee Imports in Latvia
In 2022, after two years of decline, there was significant growth in supplies from abroad of coffee (green), when their volume increased by 15% to 2.3K tons. Overall, imports, however, continue to indicate a mild shrinkage.
In value terms, green coffee imports soared to $9.3M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Green Coffee in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1,659 | 2,063 | 2,686 | 3,806 | 31.9% |
| Sweden | 334 | 512 | 478 | 2,167 | 86.5% |
| Germany | 1,042 | 190 | 741 | 853 | -6.5% |
| Lithuania | 496 | 542 | 533 | 682 | 11.2% |
| Poland | 526 | 398 | 257 | 429 | -6.6% |
| Uganda | 579 | 581 | 34.2 | 263 | -23.1% |
| France | 310 | 78.9 | 29.9 | 202 | -13.3% |
| Netherlands | 68.6 | 17.8 | 33.2 | 162 | 33.2% |
| Vietnam | 384 | 336 | 152 | 100 | -36.1% |
| India | 262 | 184 | 207 | 9.1 | -67.4% |
| Others | 609 | 595 | 751 | 614 | 0.3% |
| Total | 6,270 | 5,498 | 5,902 | 9,286 | 14.0% |
Top Suppliers of Green Coffee to Latvia in 2022:
- Brazil (922.1 tons)
- Sweden (534.3 tons)
- Germany (203.1 tons)
- Uganda (175.7 tons)
- Poland (170.4 tons)
- Lithuania (54.4 tons)
- Netherlands (46.6 tons)
- France (43.3 tons)
- Vietnam (38.0 tons)
- India (2.2 tons)
Green Coffee Exports in Latvia
In 2022, approx. 1.2K tons of coffee (green) were exported from Latvia; increasing by 552% compared with the previous year. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, green coffee exports skyrocketed to $5.4M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Green Coffee in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.7 | 0.6 | 0.2 | 5.0 | 92.6% |
| Sweden | N/A | 0.3 | 0.4 | 0.4 | 15.5% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 1.2 | 1.0 | 0.6 | 5.4 | 65.1% |
Top Export Markets for Green Coffee from Latvia in 2022:
- Russia (1072.6 tons)
- Sweden (116.9 tons)
This report provides an in-depth analysis of the green coffee market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 656 - Coffee green
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the green coffee market in Latvia.
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1088
Coffee prices remain highly volatile. In 2022, the average annual price for Arabica is forecast to decline thanks to expected production growth, while Robusta price will go up on skyrocketed demand from consumers, preferring cheaper alternatives to more expensive counterparts.
760
Global prices for coffee have skyrocketed to a seven-year high, driven by fears of a significant reduction in production in Brazil due to freezes and the depletion of global stocks. Further growth in prices for the product will be stimulated by the reduction in production in other leading supplying countries such as Honduras and Indonesia, coupled with increased freight costs. A decrease in coffee production will lead to a fall in global exports by -4% y-o-y, which could lead to local imbalances in supply and demand and drive up consumer prices in key European and American markets.
1617
Coffee yield figures remained robust in 2020 and coffee bean exports increased, despite the disruption to supply chains caused by the Coronavirus restrictions. Home coffee consumption surged, thereby helping to offset the slump in sales following the closure of the HoReCa segment. Average coffee prices remained growing gradually through to Q1 2021.
1812
Global green coffee consumption amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
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Global green coffee exports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
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Global green coffee imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
2000
In 2015, the countries with the highest levels of green coffee production were Brazil (X thousand tons), Vietnam (X thousand tons), Colombia (X thousand tons), together accounting for X% of total output.
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Brazil continued its dominance in the global green coffee trade. In 2014, Brazil exported X thousand tons of green coffee totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it
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