Report Update Nov 1, 2024

Latvia - Frozen Hams, Shoulders and Cuts of Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Frozen Pork Cut Market 2024

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

This report provides an in-depth analysis of the frozen pork cut 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:

Prodcom 10113250 - Frozen hams, shoulders and cuts with bone in, of pig meat

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023