Latvia: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in Latvia

The Latvian prepared culture media market surged to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Culture Media Exports

Exports from Latvia

In 2022, approx. X tons of prepared culture media for development of micro-organisms were exported from Latvia; with an increase of X% compared with the previous year. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, prepared culture media exports reduced remarkably to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

France (X tons) was the main destination for prepared culture media exports from Latvia, accounting for a X% share of total exports. Moreover, prepared culture media exports to France exceeded the volume sent to the second major destination, Russia (X tons), threefold. The third position in this ranking was taken by Armenia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Armenia (X% per year).

In value terms, France ($X) remains the key foreign market for prepared culture media for development of micro-organisms exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Armenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Armenia (X% per year).

Export Prices by Country

The average prepared culture media export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belarus ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Prepared Culture Media Imports

Imports into Latvia

In 2022, purchases abroad of prepared culture media for development of micro-organisms increased by X% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, prepared culture media imports surged to $X in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Lithuania (X tons), China (X tons) and Germany (X tons) were the main suppliers of prepared culture media imports to Latvia, with a combined X% share of total imports. Belgium, Poland, France and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared culture media suppliers to Latvia were China ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports.

Belgium, with a CAGR of X%, 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

In 2022, the average prepared culture media import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a mild setback. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform