Latvia - Dried Or Salted Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Dried or Salted Fish in Latvia - 2023
Contents:
- Price for Dried or Salted Fish in Latvia (FOB) - 2023
- Price for Dried or Salted Fish in Latvia (CIF) - 2022
- Exports of Dried or Salted Fish in Latvia
- Imports of Dried or Salted Fish in Latvia
Price for Dried or Salted Fish in Latvia (FOB) - 2023
The average dried or salted fish export price stood at $4,486 per ton in September 2023, dropping by -10.8% against the previous month. Over the period under review, the export price recorded a pronounced reduction. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 205% against the previous month. The export price peaked at $5,854 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Estonia ($13,706 per ton), while the average price for exports to Germany ($3,606 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 Estonia (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Dried or Salted Fish in Latvia (CIF) - 2022
In 2022, the average dried or salted fish import price amounted to $4,022 per ton, falling by -20.7% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2016 an increase of 59%. Over the period under review, average import prices hit record highs at $9,253 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($9,407 per ton), while the price for Poland ($1,339 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Dried or Salted Fish in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of dried or salted fish, when their volume decreased by -13.5% to 569 tons. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 124%. As a result, the exports attained the peak of 658 tons, and then fell in the following year.
In value terms, dried or salted fish exports surged to $1.8M in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Dried or Salted Fish in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.6 | 19.5 | 155 | 476 | 316.3% |
| United States | 174 | 175 | 73.0 | 348 | 26.0% |
| Estonia | 160 | 283 | 513 | 293 | 22.3% |
| Germany | 108 | 155 | 150 | 194 | 21.6% |
| Lithuania | 8.1 | 11.9 | 194 | 182 | 182.2% |
| United Kingdom | 40.2 | 61.2 | 37.7 | 111 | 40.3% |
| Bulgaria | N/A | N/A | 0.4 | 30.1 | 7425.0% |
| Denmark | 165 | 12.6 | N/A | N/A | -92.4% |
| Romania | 9.4 | 5.0 | 19.9 | N/A | 45.5% |
| Others | 30.4 | 53.3 | 93.1 | 195 | 85.8% |
| Total | 702 | 777 | 1,237 | 1,829 | 37.6% |
Top Export Markets for Dried or Salted Fish from Latvia in 2022:
- Estonia (237.1 tons)
- Poland (187.2 tons)
- Germany (43.2 tons)
- Lithuania (38.4 tons)
- United States (21.4 tons)
- Bulgaria (13.2 tons)
- United Kingdom (8.1 tons)
Imports of Dried or Salted Fish in Latvia
Dried or salted fish imports into Latvia amounted to 267 tons in 2022, growing by 14% against the previous year's figure. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 108%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, dried or salted fish imports shrank to $1.1M in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year.
| Import of Dried or Salted Fish in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 293 | 411 | 509 | 305 | 1.3% |
| Vietnam | 94.3 | 106 | 248 | 291 | 45.6% |
| Kazakhstan | 76.3 | 142 | 167 | 199 | 37.6% |
| Estonia | 12.9 | 82.8 | 144 | 159 | 131.0% |
| Poland | N/A | 50.3 | 69.9 | 74.7 | 21.9% |
| Others | 36.6 | 29.6 | 55.7 | 45.9 | 7.8% |
| Total | 513 | 822 | 1,194 | 1,075 | 28.0% |
Top Suppliers of Dried or Salted Fish to Latvia in 2022:
- Lithuania (79.5 tons)
- Estonia (74.2 tons)
- Poland (55.8 tons)
- Vietnam (31.0 tons)
- Kazakhstan (24.5 tons)
This report provides an in-depth analysis of the market for dried or salted fish 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 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
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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