Price for Frozen Sheep (Including Lamb) Boneless Cuts in Latvia - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Latvia (CIF) - 2022
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Latvia (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Latvia
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Latvia
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Latvia (CIF) - 2022
The average import price for frozen sheep (including lamb) boneless cutses stood at $12,853 per ton in 2022, jumping by 39% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen sheep (including lamb) boneless cutses increased by +95.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($18,116 per ton), while the price for Ireland ($2,537 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Latvia (FOB) - 2022
The average export price for frozen sheep (including lamb) boneless cutses stood at $17,904 per ton in 2022, rising by 13% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen sheep (including lamb) boneless cutses increased by +53.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26%. The export price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($18,972 per ton), while the average price for exports to Estonia stood at $14,464 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+3.6%).
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Latvia
Imports of frozen sheep (including lamb) boneless cutses into Latvia reduced to 42 tons in 2022, declining by -9.9% compared with 2021 figures. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year.
In value terms, imports of frozen sheep (including lamb) boneless cutses soared to $538K in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 122 | 143 | 215 | 258 | 28.4% |
| Lithuania | 92.3 | 58.6 | 91.2 | 150 | 17.6% |
| Estonia | 87.3 | 42.8 | 49.5 | 84.2 | -1.2% |
| Spain | 56.0 | 8.6 | 11.6 | 33.2 | -16.0% |
| Germany | 25.0 | 8.9 | 44.0 | 10.3 | -25.6% |
| Ireland | 37.8 | 18.8 | 17.7 | 2.8 | -58.0% |
| Others | 3.0 | 0.3 | N/A | N/A | -90.0% |
| Total | 423 | 281 | 429 | 538 | 8.3% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Latvia in 2022:
- Netherlands (14.8 tons)
- Lithuania (10.8 tons)
- Estonia (10.4 tons)
- Spain (4.1 tons)
- Ireland (1.1 tons)
- Germany (0.6 tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Latvia
In 2022, approx. 8.3 tons of frozen sheep (including lamb) boneless cutses were exported from Latvia; which is down by -2.7% compared with the previous year's figure. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year.
In value terms, exports of frozen sheep (including lamb) boneless cutses rose remarkably to $148K in 2022. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 88%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 69.4 | 47.0 | 111 | 117 | 19.0% |
| Estonia | 59.9 | 24.7 | 23.6 | 29.4 | -21.1% |
| Others | 0.2 | N/A | N/A | 2.2 | 122.4% |
| Total | 129 | 71.7 | 135 | 148 | 4.7% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Latvia in 2022:
- Lithuania (6.1 tons)
- Estonia (2.0 tons)
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