Latvia: Market for Non-Citrus Fruits Not Elsewhere Classified 2024

Market Size for Non-Citrus Fruits Not Elsewhere Classified in Latvia

After three years of growth, the Latvian market for non-citrus fruits not elsewhere classified decreased by -17.3% to $X in 2022. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then fell markedly in the following year.

Production of Non-Citrus Fruits Not Elsewhere Classified in Latvia

In value terms, non-citrus fruits not elsewhere classified production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 271%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Citrus Fruits Not Elsewhere Classified

Exports from Latvia

Non-citrus fruits not elsewhere classified exports from Latvia totaled X tons in 2022, picking up by 12% on the previous year. In general, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, non-citrus fruits not elsewhere classified exports fell to $X in 2022. Over the period under review, exports saw a measured expansion. The pace of growth appeared the most rapid in 2019 with an increase of 66%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Estonia (X tons) and Lithuania (X tons) were the main destinations of non-citrus fruits not elsewhere classified exports from Latvia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +8.1%).

In value terms, the largest markets for non-citrus fruits not elsewhere classified exported from Latvia were Estonia ($X) and Lithuania ($X).

Among the main countries of destination, Lithuania, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average export price for non-citrus fruits not elsewhere classified stood at $X per ton in 2022, dropping by -21.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 17%. As a result, the export price attained the peak level of $X per ton, and then declined dramatically in the following year.

Average prices varied noticeably for the major external 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Citrus Fruits Not Elsewhere Classified

Imports into Latvia

In 2022, purchases abroad of non-citrus fruits not elsewhere classified decreased by -10.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a slight shrinkage. The growth pace was the most rapid in 2016 when imports increased by 28%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-citrus fruits not elsewhere classified imports fell significantly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 31%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of non-citrus fruits not elsewhere classified to Latvia, with a 53% share of total imports. Moreover, non-citrus fruits not elsewhere classified imports from Turkey exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Lithuania (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.7% per year) and Lithuania (+8.1% per year).

In value terms, Turkey ($X), the Netherlands ($X) and Lithuania ($X) were the largest non-citrus fruits not elsewhere classified suppliers to Latvia, together accounting for 75% of total imports. Germany, Belgium, Poland, Italy, Spain and Egypt lagged somewhat behind, together comprising a further 24%.

Poland, with a CAGR of +28.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-citrus fruits not elsewhere classified stood at $X per ton in 2022, reducing by -6.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 16%. As a result, import price reached the peak level of $X per ton, and then dropped 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 Belgium ($X per ton), while the price for Egypt ($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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform