Latvia: Green Bean Market 2025

Green Bean Market Size in Latvia

In 2022, after two years of growth, there was significant decline in the Latvian green bean market, when its value decreased by -88% to $X. Over the period under review, consumption continues to indicate a abrupt setback. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Green Bean Production in Latvia

In value terms, green bean production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of green beans in Latvia amounted to less than X kg per ha in 2022, almost unchanged from 2021 figures. Over the period under review, the yield showed 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 green beans were harvested in Latvia; standing approx. at the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Green Bean Exports

Exports from Latvia

In 2022, overseas shipments of green beans were finally on the rise to reach X tons after three years of decline. Overall, exports recorded a significant increase. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, green bean exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 318% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for green bean exports from Latvia, with a 95% share of total exports. Moreover, green bean exports to Norway exceeded the volume sent to the second major destination, Lithuania (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +185.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+92.0% per year) and Estonia (-24.5% per year).

In value terms, Norway ($X) emerged as the key foreign market for green beans exports from Latvia, comprising 94% of total exports. The second position in the ranking was held by Lithuania ($X), with a 5.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to +135.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+90.2% per year) and Estonia (-17.7% per year).

Export Prices by Country

In 2022, the average green bean export price amounted to $X per ton, shrinking by -54% against the previous year. Over the period under review, the export price, however, showed prominent growth. The growth pace was the most rapid in 2017 an increase of 74%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+9.0%), while the prices for the other major destinations experienced a decline.

Green Bean Imports

Imports into Latvia

In 2022, after two years of growth, there was significant decline in supplies from abroad of green beans, when their volume decreased by -87.5% to X tons. Over the period under review, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 835% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, green bean imports dropped sharply to $X in 2022. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2016 when imports increased by 116%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest green bean supplier to Latvia, with a 60% share of total imports. Moreover, green bean imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+25.3% per year) and the Netherlands (+23.5% per year).

In value terms, the largest green bean suppliers to Latvia were Poland ($X), Lithuania ($X) and the Netherlands ($X), with a combined 93% share of total imports. Germany lagged somewhat behind, accounting for a further 5.3%.

In terms of the main suppliers, Germany, with a CAGR of +93.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average green bean import price stood at $X per ton in 2022, rising by 222% against the previous year. In general, the import price continues to indicate a buoyant increase. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, 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 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 Lithuania (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform