Latvia: Canned Mushroom Market 2025

Canned Mushroom Market Size in Latvia

The Latvian canned mushroom market surged to $X in 2022, picking up by 24% against the previous year. In general, consumption showed a resilient increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Canned Mushroom Production in Latvia

In value terms, canned mushroom production stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume decreased by 99.9% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in years to come.

Canned Mushroom Exports

Exports from Latvia

Canned mushroom exports from Latvia skyrocketed to X tons in 2022, growing by 33% compared with the previous year. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 97% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, canned mushroom exports soared to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 98%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Lithuania (X tons), Estonia (X tons) and the UK (X tons) were the main destinations of canned mushroom exports from Latvia, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +35.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) remains the key foreign market for canned mushrooms exports from Latvia, comprising 48% of total exports. The second position in the ranking was taken by Estonia ($X), with a 21% share of total exports. It was followed by the UK, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Lithuania amounted to +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+12.0% per year) and the UK (+8.5% per year).

Export Prices by Country

The average canned mushroom export price stood at $X per ton in 2022, waning by -3.7% against the previous year. Over the period under review, the export price saw a pronounced setback. The pace of growth was the most pronounced in 2020 an increase of 18%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Finland ($X per ton) and Lithuania ($X per ton), while the average price for exports to Estonia ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Mushroom Imports

Imports into Latvia

Canned mushroom imports into Latvia surged to X tons in 2022, growing by 16% on the year before. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, canned mushroom imports soared to $X in 2022. Overall, imports saw prominent growth. The growth pace was the most rapid in 2013 with an increase of 88%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of canned mushroom to Latvia, accounting for a 72% share of total imports. Moreover, canned mushroom imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.5% per year) and Italy (+17.4% per year).

In value terms, China ($X) constituted the largest supplier of canned mushrooms to Latvia, comprising 52% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by Italy, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.3% per year) and Italy (+19.7% per year).

Import Prices by Country

In 2022, the average canned mushroom import price amounted to $X per ton, picking up by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform