Latvia - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Latvia - 2023
Contents:
- Frozen Whole Fish Price in Latvia (CIF) - 2023
- Frozen Whole Fish Price in Latvia (FOB) - 2023
- Frozen Whole Fish Imports in Latvia
- Frozen Whole Fish Exports in Latvia
Frozen Whole Fish Price in Latvia (CIF) - 2023
In September 2023, the average frozen whole fish import price amounted to $2,181 per ton, with an increase of 48% against the previous month. Over the period under review, import price indicated a tangible increase from September 2022 to September 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, frozen whole fish import price increased by +47.8% against August 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 55% against the previous month. The import price peaked at $2,268 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($5,327 per ton), while the price for Lithuania ($695 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Faroe Islands (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Price in Latvia (FOB) - 2023
The average frozen whole fish export price stood at $1,235 per ton in September 2023, standing approximately at the previous month. In general, export price indicated a temperate expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, frozen whole fish export price decreased by -16.3% against July 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 41% month-to-month. As a result, the export price attained the peak level of $1,476 per ton. From August 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($5,322 per ton), while the average price for exports to Ukraine ($713 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 Kazakhstan (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Imports in Latvia
In 2022, supplies from abroad of frozen whole fish decreased by -20.2% to 44K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 91%.
In value terms, frozen whole fish imports contracted to $69M in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year.
| Import of Frozen Whole Fish in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 9.3 | 15.8 | 19.8 | 19.0 | 26.9% |
| Lithuania | 4.6 | 8.1 | 14.3 | 11.8 | 36.9% |
| Norway | 7.0 | 8.0 | 5.7 | 11.2 | 17.0% |
| United Kingdom | 3.4 | 6.1 | 4.8 | 7.9 | 32.4% |
| Estonia | 3.1 | 5.0 | 4.7 | 3.7 | 6.1% |
| Morocco | 0.6 | 1.0 | 0.7 | 1.7 | 41.5% |
| Faroe Islands | 3.8 | 5.5 | 3.4 | 1.5 | -26.6% |
| Iceland | 6.9 | 10.2 | 10.8 | 1.5 | -39.9% |
| Others | 11.0 | 9.4 | 7.8 | 10.7 | -0.9% |
| Total | 49.7 | 69.0 | 71.9 | 69.1 | 11.6% |
Top Suppliers of Frozen Whole Fish to Latvia in 2022:
- Lithuania (20.1K tons)
- Sweden (5.2K tons)
- Estonia (4.3K tons)
- United Kingdom (4.0K tons)
- Norway (3.4K tons)
- Morocco (1.4K tons)
- Faroe Islands (1.0K tons)
- Iceland (0.6K tons)
Frozen Whole Fish Exports in Latvia
In 2022, shipments abroad of frozen whole fish decreased by -1.1% to 36K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 0.3%. As a result, the exports reached the peak of 39K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen whole fish exports amounted to $29M in 2022. The total export value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 14%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Frozen Whole Fish in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 4.9 | 5.6 | 6.5 | 7.2 | 13.7% |
| Lithuania | 5.0 | 5.0 | 4.3 | 4.0 | -7.2% |
| Belarus | 1.3 | 3.2 | 3.1 | 3.5 | 39.1% |
| Poland | 2.2 | 2.4 | 3.4 | 2.6 | 5.7% |
| Germany | 1.5 | 2.4 | 3.1 | 2.2 | 13.6% |
| Estonia | 2.4 | 2.3 | 2.1 | 1.7 | -10.9% |
| Romania | 1.5 | 1.6 | 1.5 | 1.3 | -4.7% |
| Ghana | 0.7 | 0.4 | 0.6 | 0.9 | 8.7% |
| Kazakhstan | 0.3 | 0.5 | 0.8 | 0.7 | 32.6% |
| Bulgaria | 0.6 | 0.5 | 0.4 | 0.6 | 0.0% |
| Moldova | 0.6 | 0.4 | 0.3 | 0.4 | -12.6% |
| Denmark | 0.7 | 0.4 | 0.1 | 0.1 | -47.7% |
| Others | 1.8 | 2.0 | 2.4 | 3.9 | 29.4% |
| Total | 23.6 | 26.8 | 28.6 | 29.2 | 7.4% |
Top Export Markets for Frozen Whole Fish from Latvia in 2022:
- Ukraine (13.3K tons)
- Belarus (4.1K tons)
- Poland (2.8K tons)
- Lithuania (2.5K tons)
- Ghana (2.1K tons)
- Germany (1.8K tons)
- Romania (1.6K tons)
- Kazakhstan (1.5K tons)
- Estonia (1.0K tons)
- Moldova (0.6K tons)
- Bulgaria (0.6K tons)
- Denmark (0.4K tons)
This report provides an in-depth analysis of the frozen whole fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
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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