Latvia - Inedible Fish Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInedible Fish Products Price in Latvia - 2023
Contents:
- Inedible Fish Products Price in Latvia (CIF) - 2022
- Inedible Fish Products Price in Latvia (FOB) - 2022
- Inedible Fish Products Imports in Latvia
- Inedible Fish Products Exports in Latvia
Inedible Fish Products Price in Latvia (CIF) - 2022
The average inedible fish products import price stood at $387 per ton in 2022, picking up by 14% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 47%. As a result, import price attained the peak level of $477 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
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 Norway ($1,340 per ton), while the price for Iceland ($232 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Inedible Fish Products Price in Latvia (FOB) - 2022
In 2022, the average inedible fish products export price amounted to $288 per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a abrupt downturn. The growth pace was the most rapid in 2020 when the average export price increased by 145% against the previous year. The export price peaked at $527 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($348 per ton), while the average price for exports to Norway ($170 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 Slovakia (+10,936.9%), while the prices for the other major destinations experienced mixed trend patterns.
Inedible Fish Products Imports in Latvia
For the fourth consecutive year, Latvia recorded growth in supplies from abroad of inedible fish products, which increased by 11% to 4.1K tons in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 524% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, inedible fish products imports soared to $1.6M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 492% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Inedible Fish Products in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 62.4 | 882 | 189 | 368 | 80.7% |
| Norway | N/A | 124 | 505 | 338 | 65.1% |
| Iceland | 10.2 | N/A | N/A | 267 | 196.9% |
| Sweden | N/A | 9.0 | 105 | 241 | 417.5% |
| Estonia | 40.4 | N/A | 64.2 | 97.5 | 34.1% |
| Poland | 56.2 | 183 | 79.9 | 62.5 | 3.6% |
| Denmark | 2.2 | N/A | 267 | 51.1 | 185.3% |
| Others | 32.4 | 6.8 | 52.8 | 170 | 73.8% |
| Total | 204 | 1,205 | 1,263 | 1,596 | 98.5% |
Top Suppliers of Inedible Fish Products to Latvia in 2022:
- Iceland (1150.2 tons)
- Lithuania (962.9 tons)
- Sweden (811.6 tons)
- Estonia (413.8 tons)
- Norway (252.4 tons)
- Poland (203.4 tons)
- Denmark (178.9 tons)
Inedible Fish Products Exports in Latvia
In 2022, the amount of inedible fish products exported from Latvia skyrocketed to 3.6K tons, jumping by 59% compared with the previous year's figure. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 228% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, inedible fish products exports soared to $1M in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 86%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Inedible Fish Products in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 144 | 108 | 364 | 308 | 28.8% |
| Poland | N/A | N/A | 217 | 200 | -7.8% |
| Netherlands | N/A | N/A | N/A | 181 | 0% |
| Estonia | 0.2 | 0.1 | 5.5 | 160 | 828.3% |
| Norway | N/A | 2.1 | 31.7 | 57.7 | 424.2% |
| Sweden | N/A | N/A | N/A | 41.1 | 0% |
| United States | N/A | 216 | 22.0 | 40.1 | -56.9% |
| Slovakia | 287 | 25.4 | N/A | N/A | -91.1% |
| Others | 0.8 | N/A | 14.1 | 43.8 | 279.7% |
| Total | 432 | 352 | 654 | 1,033 | 33.7% |
Top Export Markets for Inedible Fish Products from Latvia in 2022:
- Lithuania (1057.2 tons)
- Poland (732.5 tons)
- Estonia (620.6 tons)
- Netherlands (522.1 tons)
- Norway (339.7 tons)
- Sweden (129.1 tons)
- United States (125.9 tons)
This report provides an in-depth analysis of the inedible fish products 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 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)
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.
-
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
-
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
-
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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