Latvia: Strawberry Market 2024

Strawberry Market Size in Latvia

The Latvian strawberry market skyrocketed to $X in 2022, rising by 21% against the previous year. Over the period under review, consumption showed buoyant growth. Strawberry consumption peaked in 2022 and is expected to retain growth in years to come.

Strawberry Production in Latvia

In value terms, strawberry production totaled $X in 2022 estimated in export price. Overall, production recorded a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of 361%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

In 2022, the average strawberry yield in Latvia rose significantly to X tons per ha, increasing by 5.6% on 2021. Overall, the yield, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2015 with an increase of 38%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the average strawberry yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The strawberry harvested area in Latvia rose rapidly to X ha in 2022, with an increase of 13% against the year before. The harvested area increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 23%. The strawberry harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Strawberry Exports

Exports from Latvia

In 2022, strawberry exports from Latvia surged to X tons, increasing by 45% compared with the previous year's figure. Overall, exports saw a moderate expansion. The growth pace was the most rapid in 2019 with an increase of 208% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, strawberry exports skyrocketed to $X in 2022. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 123%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Estonia (X tons) was the main destination for strawberry exports from Latvia, accounting for a 71% share of total exports. Moreover, strawberry exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled +23.7%.

In value terms, the largest markets for strawberry exported from Latvia were Estonia ($X) and Lithuania ($X).

Lithuania, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average strawberry export price stood at $X per ton in 2022, which is down by -17.4% against the previous year. Overall, the export price, however, continues to indicate tangible growth. The growth pace was the most rapid in 2014 an increase of 175% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Estonia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.2%), while the prices for the other major destinations experienced a decline.

Strawberry Imports

Imports into Latvia

Strawberry imports into Latvia soared to X tons in 2022, picking up by 30% compared with 2021. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 179% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, strawberry imports soared to $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 73%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Greece (X tons) constituted the largest strawberry supplier to Latvia, with a 58% share of total imports. Moreover, strawberry imports from Greece exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece stood at +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+46.1% per year) and Germany (+5.3% per year).

In value terms, the largest strawberry suppliers to Latvia were Greece ($X), Poland ($X) and Belgium ($X), with a combined 77% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +50.8%, 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

The average strawberry import price stood at $X per ton in 2022, with a decrease of -5.6% against the previous year. Overall, the import price saw a mild contraction. The pace of growth appeared the most rapid in 2015 an increase of 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Greece ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform