Frozen Catfish Price in Latvia - 2023
Contents:
- Frozen Catfish Price in Latvia (CIF) - 2022
- Frozen Catfish Price in Latvia (FOB) - 2022
- Frozen Catfish Imports in Latvia
- Frozen Catfish Exports in Latvia
Frozen Catfish Price in Latvia (CIF) - 2022
In 2022, the average frozen catfish import price amounted to $2,178 per ton, surging by 31% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 an increase of 37% against the previous year. As a result, import price reached the peak level of $2,193 per ton; afterwards, it flattened through to 2022.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,740 per ton), while the price for Vietnam amounted to $2,146 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%).
Frozen Catfish Price in Latvia (FOB) - 2022
The average frozen catfish export price stood at $2,409 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12%. Over the period under review, the average export prices reached the maximum at $2,483 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($2,565 per ton), while the average price for exports to Ireland ($2,053 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 Germany (+0.6%), while the prices for the other major destinations experienced a decline.
Frozen Catfish Imports in Latvia
Frozen catfish imports into Latvia rose rapidly to 53 tons in 2022, increasing by 14% compared with 2021. In general, imports enjoyed temperate growth. The pace of growth was the most pronounced in 2020 when imports increased by 96%. As a result, imports attained the peak of 97 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, frozen catfish imports skyrocketed to $116K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.3% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 50% against the previous year. As a result, imports reached the peak of $144K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Frozen Catfish in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 92.2 | 141 | 64.7 | 109 | 5.7% |
| Netherlands | 1.7 | N/A | N/A | 7.9 | 66.9% |
| Lithuania | 2.0 | 3.6 | 13.5 | N/A | 159.8% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 96.4 | 144 | 78.2 | 116 | 6.4% |
Top Suppliers of Frozen Catfish to Latvia in 2022:
- Vietnam (50.6 tons)
- Netherlands (2.9 tons)
Frozen Catfish Exports in Latvia
In 2022, shipments abroad of frozen catfish decreased by -32.2% to 43 tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,385% against the previous year. As a result, the exports attained the peak of 72 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen catfish exports dropped notably to $103K in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 1,271%. As a result, the exports attained the peak of $155K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Catfish in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.3 | 147 | 116 | 84.1 | 95.2% |
| Lithuania | N/A | 2.5 | 13.7 | 15.9 | 152.2% |
| Ireland | N/A | N/A | 5.3 | 2.5 | -52.8% |
| Others | N/A | 5.2 | 15.7 | 0.1 | -86.1% |
| Total | 11.3 | 155 | 151 | 103 | 108.9% |
Top Export Markets for Frozen Catfish from Latvia in 2022:
- Germany (35.1 tons)
- Lithuania (6.2 tons)
- Ireland (1.2 tons)
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