Report Update Nov 1, 2024

Latvia - Horse, Mule and Donkey Meat - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Market for Horse, Mule and Donkey Meat 2024

Market Size for Horse, Mule and Donkey Meat in Latvia

The Latvian market for horse, mule and donkey meat rose significantly to $X in 2022, increasing by 5% against the previous year. Over the period under review, consumption, however, showed a abrupt curtailment. Horse, mule and donkey meat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Horse, Mule and Donkey Meat in Latvia

In value terms, horse, mule and donkey meat production shrank to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 903%. Horse, mule and donkey meat production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of horse, mule and donkey meat in Latvia stood at X kg per head, remaining relatively unchanged against 2021 figures. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 20%. Over the period under review, the average horse, mule and donkey meat yield attained the peak level at X kg per head in 2014; however, from 2015 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for horse, mule and donkey meat production in Latvia declined modestly to X head, therefore, remained relatively stable against the previous year. In general, the number of producing animals showed a abrupt slump. The growth pace was the most rapid in 2017 when the number of producing animals increased by 9.3%. The number of animals slaughtered for horse, mule and donkey meat production peaked at X head in 2012; however, from 2013 to 2022, producing animals remained at a lower figure.

Exports of Horse, Mule and Donkey Meat

Exports from Latvia

In 2020, overseas shipments of horse, mule and donkey meat decreased by 0% to X tons for the first time since 2017, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 80% against the previous year. The exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, horse, mule and donkey meat exports amounted to $X in 2020. Overall, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 73% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for horse, mule and donkey meat exports from Latvia, with a approx. 100% share of total exports.

From 2013 to 2020, the average annual growth rate of volume to Belgium was relatively modest.

From 2013 to 2020, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

The average export price for horse, mule and donkey meat stood at $X per ton in 2020, almost unchanged from the previous year. In general, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 92%. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2013 to 2020, the rate of growth in terms of prices for Lithuania amounted to +39.9% per year.

Imports of Horse, Mule and Donkey Meat

Imports into Latvia

In 2022, the amount of horse, mule and donkey meat imported into Latvia surged to X tons, increasing by 29% on the year before. In general, imports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of 338%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, horse, mule and donkey meat imports soared to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 365% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Hungary (X tons) and Lithuania (X tons) were the main suppliers of horse, mule and donkey meat imports to Latvia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +19.2%).

In value terms, Hungary ($X) and Lithuania ($X) constituted the largest horse, mule and donkey meat suppliers to Latvia.

Lithuania, with a CAGR of +20.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average import price for horse, mule and donkey meat amounted to $X per ton, increasing by 9.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.2%).

Source: IndexBox Platform

This report provides an in-depth analysis of the market for horse, mule and donkey meat 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:

FCL 1097 - Horse meat
FCL 1108 - Meat of asses
FCL 1111 - Meat of mules

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