Latvia: Sausage Market 2020

Sausage Market Size in Latvia

The revenue of the sausage market in Latvia amounted to $X in 2018, dropping by -X% against the previous year. Overall, sausage consumption continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Latvia sausage consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Sausage Production in Latvia

In value terms, sausage production totaled $X in 2018 estimated in export prices. Over the period under review, sausage production continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Latvia sausage production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Sausage Exports

Exports from Latvia

In 2018, approx. X tons of sausages and similar products of meat were exported from Latvia; increasing by X% against the previous year. Overall, sausage exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Latvia exports peaked at X tons in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, sausage exports amounted to $X in 2018. In general, sausage exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Latvia exports peaked at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

The U.S. (X tons), Germany (X tons), Poland (X tons), Brazil (X tons), Italy (X tons), Spain (X tons), the Netherlands (X tons), France (X tons), Austria (X tons), Belgium (X tons), Belarus (X tons) and China (X tons) represented roughly X% of total exports of sausages and similar products of meat in 2018.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, the largest sausage markets from Latvia were Germany ($X), the U.S. ($X) and Italy ($X), together accounting for X% of total exports. Spain, Poland, Austria, France, China, the Netherlands, Belgium, Brazil, Belarus and Latvia lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Poland experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The sausage export price in Latvia stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the export price indicated prominent growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sausage export price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. Latvia export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Sausage Imports

Imports into Latvia

Sausage imports into Latvia totaled X tons in 2018, growing by X% against the previous year. Over the period under review, sausage imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, sausage imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, sausage imports amounted to $X in 2018. Overall, sausage imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Latvia imports peaked in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

The countries with the highest levels of sausage imports in 2018 were the UK (X tons), Germany (X tons), France (X tons), Hungary (X tons), the Netherlands (X tons), Angola (X tons), Canada (X tons), Belgium (X tons), Mexico (X tons), Slovakia (X tons), Russia (X tons) and Spain (X tons), together resulting at X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Hungary, while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Belgium, Canada, the Netherlands, Mexico, Hungary, Slovakia, Spain, Russia, Angola and Latvia, which together accounted for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sausage import price in Latvia amounted to $X per ton, going up by X% against the previous year. Overall, the sausage import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. In that year, the import prices for sausages and similar products of meat attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for sausages and similar products of meat failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform