Frozen Catfish Fillet Price in Latvia - 2023
Contents:
- Frozen Catfish Fillet Price in Latvia (CIF) - 2022
- Frozen Catfish Fillet Price in Latvia (FOB) - 2022
- Frozen Catfish Fillet Imports in Latvia
- Frozen Catfish Fillet Exports in Latvia
Frozen Catfish Fillet Price in Latvia (CIF) - 2022
In 2022, the average frozen catfish fillet import price amounted to $3,186 per ton, jumping by 29% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen catfish fillet import price increased by +59.0% against 2020 indices. As a result, import price reached 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 the Netherlands ($5,719 per ton), while the price for Poland ($2,685 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Catfish Fillet Price in Latvia (FOB) - 2022
In 2022, the average frozen catfish fillet export price amounted to $3,314 per ton, picking up by 25% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen catfish fillet export price increased by +71.2% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($3,747 per ton), while the average price for exports to Lithuania ($3,210 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 (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Catfish Fillet Imports in Latvia
In 2022, overseas purchases of frozen catfish fillets were finally on the rise to reach 157 tons after two years of decline. Over the period under review, imports, however, saw a abrupt contraction.
In value terms, frozen catfish fillet imports soared to $499K in 2022. Overall, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Catfish Fillet in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 350 | 242 | 89.6 | 356 | 0.6% |
| Lithuania | 39.3 | 34.2 | 106 | 105 | 38.8% |
| Poland | 76.6 | 15.2 | 8.1 | 22.0 | -34.0% |
| Netherlands | N/A | 20.6 | 92.2 | 16.4 | -10.8% |
| Others | 0.6 | 4.4 | 8.5 | 0.3 | -20.6% |
| Total | 467 | 316 | 304 | 499 | 2.2% |
Top Suppliers of Frozen Catfish Fillet to Latvia in 2022:
- Vietnam (114.3 tons)
- Lithuania (31.1 tons)
- Poland (8.2 tons)
- Netherlands (2.9 tons)
Frozen Catfish Fillet Exports in Latvia
In 2022, after two years of decline, there was significant growth in overseas shipments of frozen catfish fillets, when their volume increased by 120% to 77 tons. Over the period under review, exports, however, continue to indicate a abrupt downturn.
In value terms, frozen catfish fillet exports skyrocketed to $256K in 2022. Overall, exports recorded a slight expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Catfish Fillet in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 28.5 | 14.1 | 21.7 | 172 | 82.1% |
| Estonia | 21.6 | 45.2 | 53.1 | 39.1 | 21.9% |
| Germany | 178 | 19.0 | 13.8 | 38.4 | -40.0% |
| Ireland | 9.5 | 4.4 | 2.9 | 2.3 | -37.7% |
| Netherlands | 5.5 | 9.9 | 1.4 | 2.0 | -28.6% |
| Others | 5.5 | 2.0 | N/A | 2.3 | -25.2% |
| Total | 249 | 94.6 | 92.9 | 256 | 0.9% |
Top Export Markets for Frozen Catfish Fillet from Latvia in 2022:
- Lithuania (53.6 tons)
- Germany (11.3 tons)
- Estonia (10.4 tons)
- Ireland (0.8 tons)
- Netherlands (0.6 tons)
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