Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Latvia - 2023

Contents:

1. Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Latvia (FOB) - 2023
2. Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Latvia (CIF) - 2023
3. Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Latvia
4. Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Latvia

Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Latvia (FOB) - 2023

In September 2023, the average export price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more amounted to $236 per unit, falling by -1.9% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 19% m-o-m. As a result, the export price reached the peak level of $284 per unit. From July 2023 to September 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In September 2023, the country with the highest price was Lithuania ($207 per unit), while the average price for exports to Poland totaled $200 per unit.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.1%).

Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Latvia (CIF) - 2023

In September 2023, the average import price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more amounted to $104 per unit, with a decrease of -15.7% against the previous month. Overall, import price indicated a mild increase from December 2022 to September 2023: its price increased at an average monthly rate of +1.2% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more decreased by -27.7% against July 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 29% m-o-m. As a result, import price reached the peak level of $145 per unit. From May 2023 to September 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($502 per unit), while the price for Lithuania ($206 per unit) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Latvia

In 2022, approx. 65K units of swine; live, (other than pure-bred breeding animals), weighing 50kg or more were exported from Latvia; picking up by 20% compared with the previous year. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at 73K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of swine; live, (other than pure-bred breeding animals), weighing 50kg or more skyrocketed to $10M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports of reached the maximum at $10M in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Top Export Markets for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More from Latvia in 2022:

1. Lithuania (58.5K units)
2. Poland (6.1K units)

Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Latvia

In 2022, after three years of growth, there was significant decline in overseas purchases of swine; live, (other than pure-bred breeding animals), weighing 50kg or more, when their volume decreased by -25.3% to 69K units. Overall, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2020 with an increase of 101% against the previous year. Over the period under review, imports of attained the maximum at 93K units in 2021, and then fell dramatically in the following year.

In value terms, imports of swine; live, (other than pure-bred breeding animals), weighing 50kg or more shrank dramatically to $7M in 2022. In general, imports, however, saw a modest increase. The growth pace was the most rapid in 2020 with an increase of 77% against the previous year. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More to Latvia in 2022:

1. Lithuania (66.5K units)
2. Estonia (2.8K units)

Source: IndexBox Market Intelligence Platform