Latvia - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPreserved Salmon Price in Latvia - 2023
Contents:
- Preserved Salmon Price in Latvia (FOB) - 2023
- Preserved Salmon Price in Latvia (CIF) - 2022
- Preserved Salmon Exports in Latvia
- Preserved Salmon Imports in Latvia
Preserved Salmon Price in Latvia (FOB) - 2023
In September 2023, the average preserved salmon export price amounted to $7,619 per ton, picking up by 4.4% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in January 2023 when the average export price increased by 20% m-o-m. The export price peaked in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($23,050 per ton), while the average price for exports to Lithuania ($4,341 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Salmon Price in Latvia (CIF) - 2022
In 2022, the average preserved salmon import price amounted to $3,468 per ton, with an increase of 7.3% against the previous year. In general, the import price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $6,298 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Norway ($20,201 per ton), while the price for the UK ($1,855 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Preserved Salmon Exports in Latvia
In 2022, the amount of salmon (prepared or preserved) exported from Latvia soared to 1.6K tons, picking up by 42% against 2021 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, preserved salmon exports surged to $8.3M in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 50%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Preserved Salmon in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | 69.9 | 1,058 | 2,652 | 516.0% |
| Germany | 863 | 1,589 | 2,480 | 1,644 | 24.0% |
| Denmark | 232 | 351 | 380 | 1,003 | 62.9% |
| Lithuania | 637 | 721 | 596 | 684 | 2.4% |
| Slovakia | 236 | 396 | 283 | 445 | 23.5% |
| Netherlands | 95.7 | 8.3 | 81.6 | 370 | 57.0% |
| Czech Republic | 256 | 117 | 354 | 328 | 8.6% |
| United States | 5.1 | 303 | 39.9 | 287 | 283.2% |
| Hungary | 46.1 | 238 | 156 | 259 | 77.8% |
| Estonia | 198 | 145 | 157 | 225 | 4.4% |
| Israel | 336 | 374 | 108 | 149 | -23.7% |
| Others | 53.2 | 125 | 115 | 250 | 67.5% |
| Total | 2,958 | 4,437 | 5,809 | 8,297 | 41.0% |
Top Export Markets for Preserved Salmon from Latvia in 2022:
- Ukraine (734.5 tons)
- Germany (262.9 tons)
- Lithuania (142.2 tons)
- Slovakia (76.1 tons)
- Estonia (68.0 tons)
- Czech Republic (61.5 tons)
- Denmark (54.1 tons)
- Hungary (42.5 tons)
- Netherlands (41.6 tons)
- Israel (40.1 tons)
- United States (36.5 tons)
Preserved Salmon Imports in Latvia
In 2022, approx. 1K tons of salmon (prepared or preserved) were imported into Latvia; growing by 45% on the year before. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved salmon imports surged to $3.6M in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Preserved Salmon in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 605 | 679 | 647 | 1,328 | 30.0% |
| Norway | 312 | 414 | 528 | 622 | 25.9% |
| Poland | 594 | 555 | 730 | 577 | -1.0% |
| France | 4.8 | N/A | 266 | 509 | 373.3% |
| Sweden | 4.2 | 1.9 | N/A | 246 | 288.4% |
| Estonia | 198 | 156 | 66.8 | 150 | -8.8% |
| Netherlands | N/A | N/A | 19.3 | 65.0 | 236.8% |
| United Kingdom | 179 | 381 | 4.4 | 15.7 | -55.6% |
| Others | 35.9 | N/A | 37.6 | 73.7 | 27.1% |
| Total | 1,933 | 2,188 | 2,299 | 3,586 | 22.9% |
Top Suppliers of Preserved Salmon to Latvia in 2022:
- Lithuania (457.4 tons)
- France (235.0 tons)
- Poland (201.6 tons)
- Sweden (36.4 tons)
- Norway (30.8 tons)
- Estonia (26.9 tons)
- Netherlands (23.1 tons)
- United Kingdom (8.4 tons)
This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, whole or in pieces (excluding minced products and prepared meals and dishes)
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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
97
This report provides an in-depth analysis of the preserved salmon market in Latvia.
33
This report provides an in-depth analysis of the market for prepared or preserved fish and dishes in Latvia.
97
This report provides an in-depth analysis of the preserved anchovies market in Latvia.
133
This report provides an in-depth analysis of the caviar (sturgeon) market in Latvia.
121
This report provides an in-depth analysis of the market for caviar (salmon) and caviar substitutes in Latvia.
99
This report provides an in-depth analysis of the preserved herring market in Latvia.
50
This report provides an in-depth analysis of the preserved mackerel market in Latvia.
139
This report provides an in-depth analysis of the preserved sardines market in Latvia.
80
This report provides an in-depth analysis of the preserved tuna market in Latvia.
65
This report provides an in-depth analysis of the battered fish fillet market in Latvia.
97
Discover the top 10 countries leading the global import market for Prepared or Preserved Fish and Dishes. Learn about the key players and import values in 2023.
90
Explore the top import markets for preserved tuna in 2023, including the United States, Italy, Spain, France, and more. Find out key statistics and insights on the global tuna market.
104
Global demand for fish fillets in batter or breadcrumbs is projected to rise in the coming years. The market is expected to see growth in both volume and value terms, with China, the United States, and Japan leading in consumption and production. Imports and exports of battered fish fillets are also expected to increase, with notable fluctuations in trends.
97
Discover the top 10 countries leading the global import market for Prepared or Preserved Fish and Dishes. Learn about the key players and import values in 2023.
90
Explore the top import markets for preserved tuna in 2023, including the United States, Italy, Spain, France, and more. Find out key statistics and insights on the global tuna market.
104
Global demand for fish fillets in batter or breadcrumbs is projected to rise in the coming years. The market is expected to see growth in both volume and value terms, with China, the United States, and Japan leading in consumption and production. Imports and exports of battered fish fillets are also expected to increase, with notable fluctuations in trends.
