Latvia: Cabbage Market 2024

Cabbage Market Size in Latvia

The Latvian cabbage market contracted to $X in 2022, waning by -5.3% against the previous year. In general, consumption recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cabbage Production in Latvia

In value terms, cabbage production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 61% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of cabbage and other brassicas in Latvia dropped to X tons per ha in 2022, with a decrease of -2.9% against the previous year's figure. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 31% against the previous year. Over the period under review, the average cabbage yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cabbage and other brassicas production in Latvia stood at X ha, stabilizing at the previous year's figure. Over the period under review, the harvested area continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 14% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the cabbage harvested area failed to regain momentum.

Cabbage Exports

Exports from Latvia

In 2022, cabbage exports from Latvia soared to X tons, picking up by 20% against the previous year's figure. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 39%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cabbage exports surged to $X in 2022. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 59%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Estonia (X tons) was the main destination for cabbage exports from Latvia, accounting for a 77% share of total exports. Moreover, cabbage exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Estonia amounted to +11.2%.

In value terms, Estonia ($X) remains the key foreign market for cabbage and other brassicas exports from Latvia, comprising 71% of total exports. The second position in the ranking was held by Lithuania ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Estonia amounted to +12.4%.

Export Prices by Country

In 2022, the average cabbage export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cabbage export price increased by +99.0% against 2015 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined slightly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Estonia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+4.4%).

Cabbage Imports

Imports into Latvia

In 2022, approx. X tons of cabbage and other brassicas were imported into Latvia; increasing by 8% against the year before. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, cabbage imports surged to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 43%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of cabbage to Latvia, with a 38% share of total imports. Moreover, cabbage imports from Poland exceeded the figures recorded by the second-largest supplier, North Macedonia (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (+4.1% per year) and Germany (+87.5% per year).

In value terms, Poland ($X), North Macedonia ($X) and Lithuania ($X) appeared to be the largest cabbage suppliers to Latvia, with a combined 65% share of total imports. Germany, the Netherlands, Albania, Italy and Hungary lagged somewhat behind, together accounting for a further 31%.

Germany, with a CAGR of +76.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cabbage import price stood at $X per ton in 2022, with an increase of 9.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2019 when the average import price increased by 23%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform