Mandarins Price in Latvia - 2023
Contents:
- Mandarins Price in Latvia (CIF) - 2022
- Mandarins Price in Latvia (FOB) - 2022
- Mandarins Imports in Latvia
- Mandarins Exports in Latvia
Mandarins Price in Latvia (CIF) - 2022
In 2022, the average mandarins import price amounted to $976 per ton, growing by 9.8% against the previous year. Over the last five years, it increased at an average annual rate of +4.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($1,255 per ton), while the price for Turkey ($779 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Mandarins Price in Latvia (FOB) - 2022
The average mandarins export price stood at $1,219 per ton in 2022, increasing by 23% against the previous year. Over the last five-year period, it increased at an average annual rate of +6.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Lithuania.
From 2017 to 2022, the rate of growth in terms of prices for Lithuania amounted to +2.3% per year.
Mandarins Imports in Latvia
For the fourth year in a row, Latvia recorded growth in purchases abroad of fruit, edible, which increased by 5.4% to 4.9K tons in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.4% 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 +61.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, mandarins imports soared to $4.8M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Mandarins in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 422 | 223 | 1,147 | 1,368 | 48.0% |
| Greece | 526 | 501 | 717 | 1,234 | 32.9% |
| Spain | 328 | 265 | 313 | 603 | 22.5% |
| Turkey | 418 | 654 | 772 | 564 | 10.5% |
| Egypt | N/A | N/A | N/A | 518 | 0% |
| Lithuania | 807 | 1,166 | 1,089 | 468 | -16.6% |
| Others | 7.6 | 11.5 | 105 | 34.7 | 65.9% |
| Total | 2,508 | 2,821 | 4,143 | 4,790 | 24.1% |
Top Suppliers of Mandarins to Latvia in 2022:
- Greece (1548.2 tons)
- Netherlands (1275.4 tons)
- Turkey (724.2 tons)
- Spain (542.2 tons)
- Egypt (412.9 tons)
- Lithuania (383.2 tons)
Mandarins Exports in Latvia
In 2022, overseas shipments of fruit, edible were finally on the rise to reach 688 tons after two years of decline. Overall, exports, however, continue to indicate a deep setback.
In value terms, mandarins exports skyrocketed to $838K in 2022. In general, exports, however, recorded a pronounced curtailment.
| Export of Mandarins in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 966 | 636 | 414 | 836 | -4.7% |
| Turkey | N/A | N/A | 123 | N/A | 0% |
| Others | 4.6 | 2.1 | 1.0 | 2.5 | -18.4% |
| Total | 970 | 638 | 539 | 838 | -4.8% |
Top Export Markets for Mandarins from Latvia in 2022:
- Lithuania (686.2 tons)
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