Latvia: Market for Citrus Fruits Not Elsewhere Classified 2024

Market Size for Citrus Fruits Not Elsewhere Classified in Latvia

The Latvian market for citrus fruits not elsewhere classified surged to $X in 2022, growing by 153% against the previous year. In general, consumption, however, recorded a deep downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Citrus Fruits Not Elsewhere Classified in Latvia

In value terms, citrus fruits not elsewhere classified production amounted to $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 2016 when the production volume increased by 18%. Citrus fruits not elsewhere classified production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of citrus fruits not elsewhere classified in Latvia stood at less than X kg per ha in 2022, stabilizing at the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of citrus fruits not elsewhere classified were harvested in Latvia; flattening at the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Exports of Citrus Fruits Not Elsewhere Classified

Exports from Latvia

In 2022, citrus fruits not elsewhere classified exports from Latvia dropped to X tons, waning by -11.3% compared with the previous year. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 871% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, citrus fruits not elsewhere classified exports soared to $X in 2022. Over the period under review, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 768%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for citrus fruits not elsewhere classified exports from Latvia, with a 77% share of total exports. Moreover, citrus fruits not elsewhere classified exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Estonia stood at -3.9%.

In value terms, Estonia ($X) remains the key foreign market for citrus fruits not elsewhere classified exports from Latvia, comprising 79% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to -2.3%.

Export Prices by Country

In 2022, the average export price for citrus fruits not elsewhere classified amounted to $X per ton, picking up by 32% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, citrus fruits not elsewhere classified export price increased by +105.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 55% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Lithuania 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 (+3.2%).

Imports of Citrus Fruits Not Elsewhere Classified

Imports into Latvia

Citrus fruits not elsewhere classified imports into Latvia skyrocketed to X tons in 2022, jumping by 34% against 2021 figures. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 146%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, citrus fruits not elsewhere classified imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 133% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest citrus fruits not elsewhere classified supplier to Latvia, accounting for a 72% share of total imports. Moreover, citrus fruits not elsewhere classified imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and Lithuania (-49.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of citrus fruits not elsewhere classified to Latvia, comprising 71% of total imports. The second position in the ranking was taken by Italy ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and Lithuania (-48.7% per year).

Import Prices by Country

In 2022, the average import price for citrus fruits not elsewhere classified amounted to $X per ton, picking up by 37% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Italy ($X 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 (+4.1%).

Source: IndexBox Platform