Latvia: Pulses Market 2024

Pulses Market Size in Latvia

After two years of decline, the Latvian pulses market increased by X% to $X in 2022. In general, consumption showed a strong increase. Pulses consumption peaked in 2022 and is expected to retain growth in years to come.

Pulses Production in Latvia

In value terms, pulses production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

In 2022, the average pulses yield in Latvia skyrocketed to X tons per ha, increasing by X% against the year before. Over the period under review, the yield, however, showed a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the average pulses yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pulses harvested area in Latvia contracted to X ha in 2022, with a decrease of X% compared with 2021. In general, the harvested area, however, continues to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The pulses harvested area peaked at X ha in 2021, and then fell in the following year.

Pulses Exports

Exports from Latvia

For the third year in a row, Latvia recorded growth in overseas shipments of pulses, which increased by X% to X tons in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pulses exports surged to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons), Germany (X tons) and Egypt (X tons) were the main destinations of pulses exports from Latvia, together accounting for X% 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 Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pulses exported from Latvia were Spain ($X), Germany ($X) and Egypt ($X), with a combined X% share of total exports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pulses export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, saw a abrupt setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Egypt ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Pulses Imports

Imports into Latvia

In 2022, approx. X tons of pulses were imported into Latvia; rising by X% compared with 2021. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pulses imports surged to $X in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of pulses to Latvia, accounting for a X% share of total imports. Moreover, pulses imports from Russia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fivefold. The third position in this ranking was held by Belarus (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Belarus (X% per year).

In value terms, Russia ($X) constituted the largest supplier of pulses to Latvia, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the average pulses import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a abrupt shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Cyprus ($X per ton) and Lithuania ($X per ton), while the price for Belarus ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform