Latvia: Root And Tuber Market 2024

Root And Tuber Market Size in Latvia

After two years of decline, the Latvian root and tuber market increased by X% to $X in 2022. In general, consumption, however, faced a deep slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Root And Tuber Production in Latvia

In value terms, root and tuber production declined to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Root and tuber production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of roots and tubers in Latvia soared to X tons per ha in 2022, with an increase of X% compared with the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The root and tuber yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the root and tuber harvested area in Latvia totaled X ha, picking up by X% against the previous year's figure. In general, the harvested area, however, continues to indicate a abrupt downturn. Over the period under review, the harvested area dedicated to root and tuber production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Root And Tuber Exports

Exports from Latvia

In 2022, after six years of growth, there was significant decline in shipments abroad of roots and tubers, when their volume decreased by X% to X tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, root and tuber exports soared to $X in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Lithuania (X tons), Estonia (X tons) and Uzbekistan (X tons) were the main destinations of root and tuber exports from Latvia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Lithuania ($X) and Uzbekistan ($X) appeared to be the largest markets for root and tuber exported from Latvia worldwide, with a combined X% share of total exports.

Uzbekistan, with a CAGR of X.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 root and tuber export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to Poland ($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 Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Root And Tuber Imports

Imports into Latvia

In 2022, approx. X tons of roots and tubers were imported into Latvia; rising by X% against 2021 figures. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, root and tuber imports skyrocketed to $X in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Estonia (X tons) and Lithuania (X tons) were the main suppliers of root and tuber imports to Latvia, with a combined X% share of total imports. Finland, Sweden, France, Germany, the Netherlands, the UK, Slovenia, Greece and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest root and tuber suppliers to Latvia were Estonia ($X), Lithuania ($X) and Poland ($X), together comprising X% of total imports. Sweden, Finland, France, the Netherlands, Germany, Slovenia, Greece, Italy and the UK lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the UK, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 root and tuber import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform