Price for Mollusc Preparations; Mussels, Prepared or Preserved in Latvia - 2023
Contents:
- Price for Mollusc Preparations; Mussels, Prepared or Preserved in Latvia (FOB) - 2023
- Price for Mollusc Preparations; Mussels, Prepared or Preserved in Latvia (CIF) - 2023
- Exports of Mollusc Preparations; Mussels, Prepared or Preserved in Latvia
- Imports of Mollusc Preparations; Mussels, Prepared or Preserved in Latvia
Price for Mollusc Preparations; Mussels, Prepared or Preserved in Latvia (FOB) - 2023
In September 2023, the average export price for mollusc preparations; mussels, prepared or preserveds amounted to $7,623 per ton, jumping by 18% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 25% m-o-m. As a result, the export price attained the peak level of $8,159 per ton. From July 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 Canada ($11,058 per ton), while the average price for exports to Lithuania ($4,092 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mollusc Preparations; Mussels, Prepared or Preserved in Latvia (CIF) - 2023
The average import price for mollusc preparations; mussels, prepared or preserveds stood at $3,173 per ton in September 2023, increasing by 11% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 54% month-to-month. As a result, import price reached the peak level of $5,457 per ton. From July 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($6,001 per ton), while the price for Spain ($2,726 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mollusc Preparations; Mussels, Prepared or Preserved in Latvia
In 2022, the amount of mollusc preparations; mussels, prepared or preserveds exported from Latvia amounted to 239 tons, picking up by 2% on 2021. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.8% 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 +89.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 85% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of mollusc preparations; mussels, prepared or preserveds declined to $1.6M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 73% against the previous year.
| Export of Mollusc Preparations; Mussels, Prepared or Preserved in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 647 | 1,120 | 1,185 | 1,302 | 26.3% |
| Lithuania | 60.3 | 107 | 97.3 | 112 | 22.9% |
| Estonia | 4.9 | 19.9 | 28.1 | 38.5 | 98.8% |
| Israel | 38.0 | 48.6 | 66.5 | 28.8 | -8.8% |
| Ukraine | 8.1 | 66.7 | 60.7 | 17.2 | 28.5% |
| Russia | N/A | 85.5 | 66.2 | N/A | -22.6% |
| Others | 113 | 62.6 | 61.1 | 64.9 | -16.9% |
| Total | 871 | 1,510 | 1,565 | 1,564 | 21.5% |
Top Export Markets for Mollusc Preparations; Mussels, Prepared or Preserved from Latvia in 2022:
- Germany (185.3 tons)
- Lithuania (33.3 tons)
- Estonia (8.3 tons)
- Israel (3.2 tons)
- Ukraine (2.0 tons)
Imports of Mollusc Preparations; Mussels, Prepared or Preserved in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas purchases of mollusc preparations; mussels, prepared or preserveds, which increased by 48% to 440 tons in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 194% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of mollusc preparations; mussels, prepared or preserveds skyrocketed to $1.3M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 119% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Mollusc Preparations; Mussels, Prepared or Preserved in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 32.6 | 379 | 644 | 1,008 | 213.9% |
| Belgium | 3.8 | 29.3 | 25.1 | 82.8 | 179.3% |
| Lithuania | 35.7 | 46.0 | 32.8 | 79.7 | 30.7% |
| Denmark | 110 | 85.6 | 69.9 | 38.1 | -29.8% |
| Netherlands | 49.6 | 87.8 | 84.7 | 32.1 | -13.5% |
| Others | 66.5 | 27.1 | 39.6 | 83.0 | 7.7% |
| Total | 298 | 655 | 896 | 1,324 | 64.4% |
Top Suppliers of Mollusc Preparations; Mussels, Prepared or Preserved to Latvia in 2022:
- Chile (368.3 tons)
- Belgium (26.4 tons)
- Lithuania (18.3 tons)
- Denmark (10.4 tons)
- Netherlands (6.9 tons)
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