Price for Cheese of All Kinds, Grated or Powdered in Latvia - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Latvia (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Latvia (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Latvia
- Exports of Cheese of All Kinds, Grated or Powdered in Latvia
Price for Cheese of All Kinds, Grated or Powdered in Latvia (CIF) - 2023
In November 2023, the average import price for cheese of all kinds, grated or powdered amounted to $5,955 per ton, falling by -7% against the previous month. In general, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in March 2023 an increase of 7.7% m-o-m. The import price peaked at $6,806 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($12,523 per ton), while the price for Poland ($4,259 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Latvia (FOB) - 2022
The average export price for cheese of all kinds, grated or powdered stood at $5,083 per ton in 2022, with a decrease of -9.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 37% against the previous year. As a result, the export price attained the peak level of $6,923 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($5,800 per ton), while the average price for exports to Lithuania amounted to $4,391 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+1.5%).
Imports of Cheese of All Kinds, Grated or Powdered in Latvia
For the fourth year in a row, Latvia recorded growth in purchases abroad of cheese of all kinds, grated or powdered, which increased by 5.3% to 486 tons in 2022. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 18%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of cheese of all kinds, grated or powdered soared to $2.8M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +59.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Cheese of All Kinds, Grated or Powdered in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1,016 | 1,196 | 1,583 | 1,362 | 10.3% |
| Poland | 253 | 238 | 292 | 665 | 38.0% |
| Estonia | 234 | 245 | 299 | 338 | 13.0% |
| Italy | 85.1 | 73.5 | 101 | 306 | 53.2% |
| Germany | 126 | 79.2 | 92.6 | 128 | 0.5% |
| Others | 57.1 | 56.3 | 13.0 | 20.8 | -28.6% |
| Total | 1,771 | 1,889 | 2,380 | 2,819 | 16.8% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Latvia in 2022:
- Lithuania (191.2 tons)
- Poland (187.5 tons)
- Estonia (60.8 tons)
- Italy (27.3 tons)
- Germany (17.2 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Latvia
In 2022, the amount of cheese of all kinds, grated or powdered exported from Latvia surged to 125 tons, rising by 132% against the previous year. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cheese of all kinds, grated or powdered surged to $637K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cheese of All Kinds, Grated or Powdered in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 204 | 172 | 158 | 357 | 20.5% |
| Lithuania | 100 | 73.7 | 140 | 280 | 40.9% |
| Others | 9.3 | N/A | 5.0 | N/A | -26.7% |
| Total | 314 | 246 | 303 | 637 | 26.6% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Latvia in 2022:
- Lithuania (63.8 tons)
- Estonia (61.5 tons)
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