Report Update Jun 1, 2024

Latvia - Grape Must - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Grape Must Market 2024

Grape Must Market Size in Latvia

The Latvian grape must market soared to $X in 2023, surging by X% against the previous year. Overall, consumption showed tangible growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Grape Must Production in Latvia

In value terms, grape must production reached $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Grape Must Exports

Exports from Latvia

In 2023, approx. X litres of grape must were exported from Latvia; with a decrease of X% on the previous year. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X litres, and then contracted rapidly in the following year.

In value terms, grape must exports declined rapidly to $X in 2023. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Kazakhstan (X litres) was the main destination for grape must exports from Latvia, accounting for a X% share of total exports. It was followed by Russia (X litres), with a X% share of total exports.

From 2014 to 2023, the average annual growth rate of volume to Kazakhstan amounted to X%.

In value terms, Kazakhstan ($X) emerged as the key foreign market for grape must exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2014 to 2023, the average annual rate of growth in terms of value to Kazakhstan amounted to X%.

Export Prices by Country

The average grape must export price stood at $X per litre in 2023, increasing by X% against the previous year. Overall, the export price enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2016 to 2023, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per litre), while the average price for exports to Russia amounted to $X per litre.

From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Grape Must Imports

Imports into Latvia

In 2023, approx. X litres of grape must were imported into Latvia; waning by X% against 2022. Overall, imports, however, saw a tangible increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X litres in 2022, and then dropped sharply in the following year.

In value terms, grape must imports declined dramatically to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then dropped notably in the following year.

Imports by Country

Spain (X litres), Italy (X litres) and Belgium (X litres) were the main suppliers of grape must imports to Latvia, with a combined X% share of total imports. Germany lagged somewhat behind, comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Italy ($X) and Belgium ($X) constituted the largest grape must suppliers to Latvia, together accounting for X% of total imports. These countries were followed by Germany, which accounted for a further X%.

In terms of the main suppliers, Germany, with a CAGR of X.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average grape must import price amounted to $X per litre, surging by X% against the previous year. In general, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per litre in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Belgium ($X per litre) and Germany ($X per litre), while the price for Spain ($X per litre) and Italy ($X per litre) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the grape must market 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 11021250 - Grape must (excluding alcohol duty)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023