Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Latvia - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Latvia (CIF) - 2022
2. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Latvia (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Latvia
4. Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Latvia

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Latvia (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, livers, frozens amounted to $1,125 per ton, which is down by -10.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 29%. As a result, import price reached the peak level of $1,260 per ton, and then dropped in the following year.

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 Estonia ($1,318 per ton), while the price for France ($778 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Latvia (FOB) - 2022

The average export price for offal, edible; of bovine animals, livers, frozens stood at $2,270 per ton in 2022, jumping by 46% against the previous year. In general, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 93%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($10,081 per ton), while the average price for exports to Bulgaria ($1,224 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 Lithuania (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Latvia

For the third consecutive year, Latvia recorded decline in purchases abroad of offal, edible; of bovine animals, livers, frozens, which decreased by -30.9% to 420 tons in 2022. Over the period under review, imports continue to indicate a dramatic decrease. The smallest decline of -15.9% was in 2021.

In value terms, imports of offal, edible; of bovine animals, livers, frozens reduced markedly to $472K in 2022. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 8.5%.

Top Suppliers of Offal, Edible; of Bovine Animals, Livers, Frozen to Latvia in 2022:

1. Sweden (104.5 tons)
2. Lithuania (90.9 tons)
3. Estonia (82.7 tons)
4. Czech Republic (57.2 tons)
5. Poland (41.3 tons)
6. Netherlands (22.5 tons)
7. Finland (12.5 tons)

Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Latvia

In 2022, the amount of offal, edible; of bovine animals, livers, frozens exported from Latvia contracted remarkably to 10 tons, with a decrease of -17% on the year before. Overall, exports saw a significant decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year.

In value terms, exports of offal, edible; of bovine animals, livers, frozens skyrocketed to $23K in 2022. In general, exports showed a sharp decrease. The growth pace was the most rapid in 2021 when exports increased by 177% against the previous year.

Top Export Markets for Offal, Edible; of Bovine Animals, Livers, Frozen from Latvia in 2022:

1. Estonia (8.7 tons)
2. Bulgaria (1.3 tons)
3. Lithuania (0.3 tons)

Source: IndexBox Market Intelligence Platform