Latvia - Smoked Herrings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSmoked Herring Price in Latvia - 2023
Contents:
- Smoked Herring Price in Latvia (CIF) - 2022
- Smoked Herring Price in Latvia (FOB) - 2022
- Smoked Herring Imports in Latvia
- Smoked Herring Exports in Latvia
Smoked Herring Price in Latvia (CIF) - 2022
In 2022, the average smoked herring import price amounted to $3,878 per ton, with a decrease of -23.1% against the previous year. Over the period under review, the import price, however, saw a notable expansion. The most prominent rate of growth was recorded in 2014 an increase of 94% against the previous year. The import price peaked at $11,642 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($11,650 per ton), while the price for Lithuania stood at $3,754 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Smoked Herring Price in Latvia (FOB) - 2022
In 2022, the average smoked herring export price amounted to $6,358 per ton, increasing by 15% against the previous year. Over the period under review, export price indicated a moderate expansion 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, smoked herring export price increased by +61.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 59%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($11,224 per ton), while the average price for exports to Lithuania ($5,729 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Smoked Herring Imports in Latvia
In 2022, imports of smoked herrings into Latvia soared to 14 tons, with an increase of 236% against the previous year. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 908%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, smoked herring imports soared to $56K in 2022. In general, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 337% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Smoked Herring in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | N/A | N/A | 16.5 | 53.1 | 221.8% |
Germany | 5.2 | 4.9 | 5.0 | 2.6 | -20.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 5.2 | 4.9 | 21.6 | 55.7 | 120.4% |
Top Suppliers of Smoked Herring to Latvia in 2022:
- Lithuania (14.1 tons)
- Germany (0.2 tons)
Smoked Herring Exports in Latvia
In 2022, exports of smoked herrings from Latvia dropped to 1.6 tons, shrinking by -6% compared with the previous year. In general, exports faced a dramatic decrease.
In value terms, smoked herring exports rose sharply to $10K in 2022. Over the period under review, exports recorded a sharp reduction.
Export of Smoked Herring in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 1.8 | 5.6 | 7.5 | 8.9 | 70.4% |
Estonia | 9.0 | 1.2 | 0.5 | 0.8 | -55.4% |
Lithuania | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
United States | 11.4 | 20.1 | N/A | N/A | 76.3% |
Saudi Arabia | 88.1 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | 1.0 | N/A | 0% |
Total | 110 | 27.1 | 9.2 | 10.0 | -55.0% |
Top Export Markets for Smoked Herring from Latvia in 2022:
- Australia (1441.0 kg)
- Estonia (67.0 kg)
- Lithuania (59.0 kg)
This report provides an in-depth analysis of the smoked 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 10202455 - Smoked herrings (including fillets, excluding 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
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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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