Latvia: Frozen Pork Cut Market 2025

Frozen Pork Cut Market Size in Latvia

In 2022, the Latvian frozen pork cut market decreased by -28.3% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption continues to indicate a slight slump. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Frozen Pork Cut Exports

Exports from Latvia

In 2022, overseas shipments of frozen hams, shoulders and cuts of pig meat increased by 50% to X tons, rising for the third year in a row after three years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 3,615% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, frozen pork cut exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 1,785% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Lithuania (X tons) was the main destination for frozen pork cut exports from Latvia, accounting for a 84% share of total exports. Moreover, frozen pork cut exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania stood at +90.7%.

In value terms, Lithuania ($X) emerged as the key foreign market for frozen hams, shoulders and cuts of pig meat exports from Latvia, comprising 83% of total exports. The second position in the ranking was held by Estonia ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania totaled +73.9%.

Export Prices by Country

In 2022, the average frozen pork cut export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (-0.7%), while the prices for the other major destinations experienced a decline.

Frozen Pork Cut Imports

Imports into Latvia

Frozen pork cut imports into Latvia fell significantly to X tons in 2022, which is down by -30% against 2021. Over the period under review, imports, however, posted modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by 721%. As a result, imports attained the peak of X tons, and then declined notably in the following year.

In value terms, frozen pork cut imports dropped remarkably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 409% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Denmark (X tons) constituted the largest frozen pork cut supplier to Latvia, with a 77% share of total imports. Moreover, frozen pork cut imports from Denmark exceeded the figures recorded by the second-largest supplier, Estonia (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+43.5% per year) and Germany (+70.8% per year).

In value terms, Denmark ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to Latvia, comprising 69% of total imports. The second position in the ranking was held by Estonia ($X), with an 18% share of total imports. It was followed by Germany, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+46.5% per year) and Germany (+72.9% per year).

Import Prices by Country

In 2022, the average frozen pork cut import price amounted to $X per ton, increasing by 17% against the previous year. Over the period under review, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2017 an increase of 29%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform