Latvia - Flours, Meals And Pellets Of Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Meals and Pellet in Latvia - 2023
Contents:
- Price for Fish Meals and Pellet in Latvia (CIF) - 2022
- Price for Fish Meals and Pellet in Latvia (FOB) - 2022
- Imports of Fish Meals and Pellet in Latvia
- Exports of Fish Meals and Pellet in Latvia
Price for Fish Meals and Pellet in Latvia (CIF) - 2022
The average fish meals and pellet import price stood at $10,691 per ton in 2022, growing by 197% against the previous year. In general, the import price showed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Portugal ($13,338 per ton), while the price for Lithuania ($6,971 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Meals and Pellet in Latvia (FOB) - 2022
The average fish meals and pellet export price stood at $195 per ton in 2022, falling by -88.5% against the previous year. Overall, the export price recorded a deep setback. The growth pace was the most rapid in 2019 an increase of 43%. Over the period under review, the average export prices hit record highs at $1,695 per ton in 2021, and then dropped notably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($1,765 per ton), while the average price for exports to Hungary ($43 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 Denmark (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fish Meals and Pellet in Latvia
In 2022, overseas purchases of flours, meals and pellets of fish decreased by -67% to 89 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a precipitous slump. The growth pace was the most rapid in 2020 when imports increased by 1.7% against the previous year. As a result, imports reached the peak of 512 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fish meals and pellet imports declined slightly to $954K in 2022. Overall, imports showed a abrupt slump.
| Import of Fish Meals and Pellet in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 964 | 684 | 395 | 674 | -11.2% |
| Lithuania | 0.5 | 5.5 | 95.8 | 259 | 703.1% |
| Poland | 106 | 137 | 55.8 | 1.4 | -76.4% |
| Spain | N/A | 267 | 160 | N/A | -40.1% |
| United Kingdom | 79.0 | N/A | N/A | N/A | 0% |
| Denmark | 423 | 318 | 197 | N/A | -31.8% |
| Others | 104 | 32.4 | 67.3 | 18.9 | -43.4% |
| Total | 1,677 | 1,445 | 971 | 954 | -17.1% |
Top Suppliers of Fish Meals and Pellet to Latvia in 2022:
- United States (50.6 tons)
- Lithuania (37.2 tons)
- Poland (0.2 tons)
Exports of Fish Meals and Pellet in Latvia
In 2022, shipments abroad of flours, meals and pellets of fish decreased by -78.7% to 327 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 169%.
In value terms, fish meals and pellet exports contracted significantly to $64K in 2022. In general, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 195%. As a result, the exports reached the peak of $2.6M, and then shrank remarkably in the following year.
| Export of Fish Meals and Pellet in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 10.9 | 15.9 | 86.4 | 30.3 | 40.6% |
| Estonia | 186 | 69.1 | 571 | 29.3 | -46.0% |
| Hungary | N/A | N/A | N/A | 1.6 | 0% |
| Lithuania | 115 | 438 | 1,252 | 0.4 | -84.8% |
| Spain | N/A | 115 | 311 | N/A | 170.4% |
| Czech Republic | N/A | 126 | 167 | N/A | 32.5% |
| Others | 44.1 | 120 | 222 | 2.4 | -62.1% |
| Total | 356 | 884 | 2,609 | 63.9 | -43.6% |
Top Export Markets for Fish Meals and Pellet from Latvia in 2022:
- Bulgaria (260.7 tons)
- Hungary (36.1 tons)
- Estonia (23.4 tons)
- Lithuania (0.2 tons)
This report provides an in-depth analysis of the market for fish meals and pellet 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 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine
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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