Latvia: Mushroom And Truffle Market 2025

Mushroom And Truffle Market Size in Latvia

The Latvian mushroom and truffle market soared to $X in 2022, picking up by 17% against the previous year. Over the period under review, consumption recorded a buoyant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Mushroom And Truffle Production in Latvia

In value terms, mushroom and truffle production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of 88% against the previous year. Mushroom and truffle production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of mushrooms and truffles in Latvia amounted to less than X kg per ha in 2022, leveling off at the previous year. Over the period under review, the yield recorded 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, the mushroom and truffle harvested area in Latvia was estimated at less than X ha, almost unchanged from the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Latvia

In 2022, shipments abroad of mushrooms and truffles decreased by -15.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 when exports increased by 73%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, mushroom and truffle exports dropped rapidly to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for mushroom and truffle exports from Latvia, with a 97% share of total exports. It was followed by Germany (X tons), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.0% per year) and Lithuania (-32.6% per year).

In value terms, Estonia ($X) emerged as the key foreign market for mushrooms and truffles exports from Latvia, comprising 92% of total exports. The second position in the ranking was taken by Germany ($X), with a 5.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Estonia totaled +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.3% per year) and Lithuania (-32.4% per year).

Export Prices by Country

In 2022, the average mushroom and truffle export price amounted to $X per ton, which is down by -42.8% against the previous year. In general, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of 51%. The export price peaked at $X per ton in 2021, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Estonia ($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 Sweden (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into Latvia

For the fifth consecutive year, Latvia recorded growth in overseas purchases of mushrooms and truffles, which increased by 13% to X tons in 2022. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 98%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mushroom and truffle imports stood at $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +103.5% against 2015 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 33%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Lithuania (X tons) was the main supplier of mushroom and truffle to Latvia, with a 98% share of total imports. It was followed by Poland (X tons), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Lithuania amounted to +7.2%.

In value terms, Lithuania ($X) constituted the largest supplier of mushrooms and truffles to Latvia, comprising 96% of total imports. The second position in the ranking was held by Poland ($X), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Lithuania amounted to +8.2%.

Import Prices by Country

The average mushroom and truffle import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 28% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+0.9%).

Source: IndexBox Platform