Latvia - Potato Chips - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotato Chips Price in Latvia - 2023
Contents:
- Potato Chips Price in Latvia (CIF) - 2023
- Potato Chips Price in Latvia (FOB) - 2023
- Potato Chips Imports in Latvia
- Potato Chips Exports in Latvia
Potato Chips Price in Latvia (CIF) - 2023
The average potato chips import price stood at $6,489 per ton in September 2023, growing by 6.4% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 24% month-to-month. Over the period under review, average import prices attained the maximum at $7,262 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Lithuania ($8,589 per ton), while the price for Germany ($2,724 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Potato Chips Price in Latvia (FOB) - 2023
The average potato chips export price stood at $4,476 per ton in September 2023, surging by 4.8% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 18% month-to-month. As a result, the export price reached the peak level of $4,691 per ton. From January 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 Russia ($9,044 per ton), while the average price for exports to Sweden ($3,798 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Potato Chips Imports in Latvia
In 2022, potato chips imports into Latvia skyrocketed to 3K tons, surging by 23% on the previous year. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, potato chips imports soared to $15M in 2022. The total import value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Potato Chips in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 5.4 | 4.6 | 5.7 | 7.6 | 12.1% |
| Poland | 3.7 | 4.5 | 5.2 | 5.3 | 12.7% |
| Germany | 0.5 | 0.8 | 0.7 | 1.3 | 37.5% |
| France | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 0.9 | 1.8 | 1.1 | 0.7 | -8.0% |
| Total | 10.7 | 11.9 | 12.8 | 14.9 | 11.7% |
Top Suppliers of Potato Chips to Latvia in 2022:
- Poland (1219.7 tons)
- Lithuania (1119.7 tons)
- Germany (596.3 tons)
- France (0.2 tons)
Potato Chips Exports in Latvia
In 2022, shipments abroad of potato chips decreased by -28.1% to 2K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 5.3%. As a result, the exports reached the peak of 2.8K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, potato chips exports dropped sharply to $9.4M in 2022. Over the period under review, exports faced a deep slump. The growth pace was the most rapid in 2020 with an increase of 13%. As a result, the exports attained the peak of $15M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Potato Chips in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 8.6 | 9.6 | 7.3 | 2.9 | -30.4% |
| Sweden | 1.6 | 1.4 | 2.0 | 2.0 | 7.7% |
| Estonia | 1.3 | 1.3 | 1.3 | 1.7 | 9.4% |
| Mongolia | 0.2 | 0.4 | 0.7 | 0.5 | 35.7% |
| Finland | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Azerbaijan | 0.1 | 0.4 | 0.6 | 0.4 | 58.7% |
| Moldova | 0.1 | 0.2 | 0.4 | 0.4 | 58.7% |
| Russia | 0.1 | 0.6 | 0.4 | 0.4 | 58.7% |
| United Kingdom | 0.2 | 0.4 | 0.4 | 0.3 | 14.5% |
| Belarus | 0.6 | 0.2 | N/A | N/A | -66.7% |
| Others | 0.4 | 0.5 | 0.4 | 0.5 | 7.7% |
| Total | 13.4 | 15.0 | 13.6 | 9.4 | -11.1% |
Top Export Markets for Potato Chips from Latvia in 2022:
- Sweden (532.0 tons)
- Estonia (468.2 tons)
- Lithuania (386.6 tons)
- Mongolia (126.1 tons)
- Azerbaijan (109.9 tons)
- Finland (90.0 tons)
- Moldova (72.1 tons)
- Russia (42.8 tons)
- United Kingdom (42.1 tons)
- Belarus (14.2 tons)
This report provides an in-depth analysis of the potato chips 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 10311430 - Potatoes prepared or preserved in the form of flour, meal or flakes (excluding frozen, crisps, by vinegar or acetic acid)
- Prodcom 10311460 - Potatoes prepared or preserved, including crisps (excluding frozen, dried, by vinegar or acetic acid, in the form of flour, m eal or flakes)
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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