Latvia - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWalnut Price in Latvia - 2023
Contents:
- Walnut Price in Latvia (CIF) - 2022
- Walnut Price in Latvia (FOB) - 2022
- Walnut Imports in Latvia
- Walnut Exports in Latvia
Walnut Price in Latvia (CIF) - 2022
The average walnut import price stood at $2,656 per ton in 2022, shrinking by -2.6% against the previous year. Overall, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2014 an increase of 20% against the previous year. As a result, import price reached the peak level of $5,021 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,675 per ton), while the price for the United States ($2,147 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Walnut Price in Latvia (FOB) - 2022
The average walnut export price stood at $3,308 per ton in 2022, falling by -6.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 132% against the previous year. As a result, the export price attained the peak level of $8,657 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($3,414 per ton), while the average price for exports to Lithuania totaled $3,231 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-3.0%).
Walnut Imports in Latvia
In 2022, walnut imports into Latvia surged to 90 tons, increasing by 26% on the year before. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 206%. As a result, imports reached the peak of 142 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, walnut imports skyrocketed to $239K in 2022. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 173% against the previous year. As a result, imports reached the peak of $439K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Walnut in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 151 | 154 | 129 | -7.6% |
| Germany | 1.8 | 1.5 | 0.6 | 44.7 | 191.8% |
| Chile | N/A | 6.9 | 15.4 | 34.1 | 122.3% |
| Netherlands | 38.0 | 33.2 | 8.2 | 15.2 | -26.3% |
| Poland | 8.8 | 5.2 | 8.7 | 8.6 | -0.8% |
| Lithuania | 112 | 241 | 7.0 | 6.9 | -60.5% |
| Others | N/A | 0.6 | 0.6 | 0.7 | 8.0% |
| Total | 161 | 439 | 195 | 239 | 14.1% |
Top Suppliers of Walnut to Latvia in 2022:
- United States (60.0 tons)
- Germany (13.0 tons)
- Chile (10.0 tons)
- Netherlands (3.3 tons)
- Poland (1.9 tons)
- Lithuania (1.7 tons)
Walnut Exports in Latvia
In 2022, the amount of walnuts exported from Latvia skyrocketed to 31 tons, picking up by 42% on the year before. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 91%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, walnut exports skyrocketed to $103K in 2022. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 45%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Walnut in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | 28.2 | 38.2 | 58.0 | 43.4% |
| Estonia | 14.8 | 24.8 | 28.3 | 44.9 | 44.8% |
| Hungary | 46.5 | N/A | N/A | N/A | 0% |
| Belarus | N/A | N/A | 11.4 | N/A | 0% |
| Others | 0.6 | 0.5 | N/A | N/A | -16.7% |
| Total | 62.0 | 53.6 | 77.9 | 103 | 18.4% |
Top Export Markets for Walnut from Latvia in 2022:
- Lithuania (18.0 tons)
- Estonia (13.2 tons)
This report provides an in-depth analysis of the walnut 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:
- FCL 222 - Walnuts
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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