Latvia - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in Latvia - 2023
Contents:
- Preserved Herring Price in Latvia (FOB) - 2023
- Preserved Herring Price in Latvia (CIF) - 2023
- Preserved Herring Exports in Latvia
- Preserved Herring Imports in Latvia
Preserved Herring Price in Latvia (FOB) - 2023
In September 2023, the average preserved herring export price amounted to $4,506 per ton, with an increase of 66% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Israel ($8,475 per ton), while the average price for exports to Uzbekistan ($665 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Herring Price in Latvia (CIF) - 2023
In September 2023, the average preserved herring import price amounted to $3,879 per ton, declining by -2.1% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in April 2023 when the average import price increased by 12% against the previous month. The import price peaked at $3,963 per ton in August 2023, and then reduced slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Estonia ($4,157 per ton) and Lithuania ($3,899 per ton), while the price for Sweden ($3,343 per ton) and Poland ($3,682 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Estonia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Herring Exports in Latvia
In 2022, the amount of herrings (prepared or preserved) exported from Latvia surged to 4.1K tons, growing by 45% against 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, preserved herring exports soared to $15M in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 61%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Preserved Herring in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,662 | 1,443 | 2,288 | 4,252 | 36.8% |
| United States | 410 | 2,601 | 1,453 | 1,649 | 59.0% |
| Czech Republic | 545 | 1,147 | 1,190 | 1,311 | 34.0% |
| Estonia | 311 | 317 | 438 | 1,220 | 57.7% |
| Netherlands | 415 | 558 | 598 | 870 | 28.0% |
| Denmark | 915 | 1,138 | 941 | 800 | -4.4% |
| France | 314 | 637 | 640 | 535 | 19.4% |
| Slovakia | 384 | 547 | 505 | 501 | 9.3% |
| Ukraine | 29.8 | 69.0 | 229 | 496 | 155.3% |
| Moldova | 67.5 | 84.9 | 200 | 455 | 88.9% |
| United Kingdom | 278 | 423 | 334 | 370 | 10.0% |
| Israel | 25.1 | 34.5 | 84.1 | 298 | 128.1% |
| Uzbekistan | 126 | 133 | 91.5 | 231 | 22.4% |
| Others | 1,085 | 1,411 | 1,602 | 1,632 | 14.6% |
| Total | 6,566 | 10,543 | 10,594 | 14,620 | 30.6% |
Top Export Markets for Preserved Herring from Latvia in 2022:
- Germany (1125.5 tons)
- Czech Republic (425.9 tons)
- Ukraine (417.3 tons)
- Estonia (373.4 tons)
- United States (296.0 tons)
- Netherlands (233.0 tons)
- Denmark (163.0 tons)
- Uzbekistan (155.8 tons)
- Slovakia (139.1 tons)
- Moldova (128.2 tons)
- France (103.0 tons)
- United Kingdom (83.4 tons)
- Israel (71.8 tons)
Preserved Herring Imports in Latvia
In 2022, approx. 1.9K tons of herrings (prepared or preserved) were imported into Latvia; with an increase of 29% on the previous year. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved herring imports surged to $6.1M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +54.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Preserved Herring in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 3.7 | 3.9 | 4.5 | 5.1 | 11.3% |
| Poland | N/A | N/A | 0.2 | 1.0 | 400.0% |
| Germany | 0.7 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 4.5 | 4.0 | 4.7 | 6.1 | 10.7% |
Top Suppliers of Preserved Herring to Latvia in 2022:
- Lithuania (1519.5 tons)
- Poland (344.2 tons)
- Germany (0.7 tons)
This report provides an in-depth analysis of the preserved herring 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:
- Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
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
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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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