Latvia: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Latvia

The Latvian lettuce and chicory market rose slightly to $X in 2022, growing by 2.1% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.4% against 2020 indices. Lettuce and chicory consumption peaked in 2022 and is likely to see steady growth in the near future.

Lettuce And Chicory Production in Latvia

In value terms, lettuce and chicory production contracted markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 289%. Lettuce and chicory production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average lettuce and chicory yield in Latvia fell modestly to X tons per ha, which is down by -2.2% compared with 2021. Overall, the yield showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the yield increased by 316%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average lettuce and chicory yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of lettuce and chicory production in Latvia expanded to X ha, surging by 2.2% on 2021 figures. Over the period under review, the harvested area enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 167%. Over the period under review, the harvested area dedicated to lettuce and chicory production reached the peak figure in 2022 and is expected to retain growth in the near future.

Lettuce And Chicory Exports

Exports from Latvia

In 2022, lettuce and chicory exports from Latvia expanded significantly to X tons, surging by 6.6% against the year before. In general, exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 111% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lettuce and chicory exports fell modestly to $X in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 98% 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

Estonia (X tons) was the main destination for lettuce and chicory exports from Latvia, accounting for a 85% share of total exports. Moreover, lettuce and chicory exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Estonia totaled +6.2%.

In value terms, Estonia ($X) remains the key foreign market for lettuce and chicory exports from Latvia, comprising 81% of total exports. The second position in the ranking was held by Lithuania ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia stood at +12.5%.

Export Prices by Country

The average lettuce and chicory export price stood at $X per ton in 2022, falling by -10.3% against the previous year. Overall, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2015 an increase of 98%. The export price peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lettuce And Chicory Imports

Imports into Latvia

In 2022, lettuce and chicory imports into Latvia reached X tons, with an increase of 4.3% on the year before. The total import volume increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 47%. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, lettuce and chicory imports totaled $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.1% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 29%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Lithuania (X tons) and Spain (X tons) were the main suppliers of lettuce and chicory imports to Latvia, with a combined 60% share of total imports. Germany, the Netherlands, Poland, Estonia and Sweden lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +77.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Lithuania ($X) and Estonia ($X) constituted the largest lettuce and chicory suppliers to Latvia, together comprising 54% of total imports. Germany, Sweden, Spain, Poland and the Netherlands lagged somewhat behind, together accounting for a further 46%.

Poland, with a CAGR of +77.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lettuce and chicory import price amounted to $X per ton, waning by -1.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The import price peaked at $X per ton in 2021, and then fell slightly in the following year.

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 Sweden ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform