Latvia: Piper Pepper Market 2025

Piper Pepper Market Size in Latvia

After two years of growth, the Latvian piper pepper market decreased by -97.1% to $X in 2022. Overall, consumption continues to indicate a sharp decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Piper Pepper Exports

Exports from Latvia

In 2022, exports of piper pepper from Latvia surged to X tons, increasing by 19% against 2021 figures. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 133% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, piper pepper exports surged to $X in 2022. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 107% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons), Poland (X tons) and Hungary (X tons) were the main destinations of piper pepper exports from Latvia, together accounting for 63% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +77.3%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Hungary ($X) were the largest markets for piper pepper exported from Latvia worldwide, with a combined 58% share of total exports. Lithuania, Estonia, Russia, the Czech Republic, Belarus, Ukraine, Serbia, Croatia, Vietnam and Bulgaria lagged somewhat behind, together comprising a further 40%.

In terms of the main countries of destination, Croatia, with a CAGR of +76.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average piper pepper export price amounted to $X per ton, increasing by 6.2% against the previous year. Overall, the export price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Ukraine ($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 Croatia (+27.6%), while the prices for the other major destinations experienced a decline.

Piper Pepper Imports

Imports into Latvia

After two years of growth, purchases abroad of piper pepper decreased by -7.6% to X tons in 2022. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, piper pepper imports reduced to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +118.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

Vietnam (X tons), Poland (X tons) and Brazil (X tons) were the main suppliers of piper pepper imports to Latvia, with a combined 85% share of total imports. Lithuania, Ecuador, Estonia, Germany, the Netherlands and Spain lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ecuador (with a CAGR of +127.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Poland ($X) and Estonia ($X) constituted the largest piper pepper suppliers to Latvia, with a combined 73% share of total imports. Lithuania, Brazil, Ecuador, Germany, Spain and the Netherlands lagged somewhat behind, together comprising a further 26%.

Ecuador, with a CAGR of +143.0%, saw the highest growth rate of 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 piper pepper import price amounted to $X per ton, rising by 3.4% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. The import price peaked at $X per ton in 2014; however, from 2015 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 Estonia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform