Latvia: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Latvia

The Latvian pasta and couscous market surged to $X in 2022, with an increase of 15% against the previous year. Over the period under review, consumption showed strong growth. Pasta and couscous consumption peaked in 2022 and is likely to see gradual growth in the near future.

Pasta And Couscous Production in Latvia

In value terms, pasta and couscous production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 34% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Pasta And Couscous Exports

Exports from Latvia

For the seventh consecutive year, Latvia recorded growth in shipments abroad of stuffed pasta and couscous, which increased by 23% to X tons in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.2% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pasta and couscous exports soared to $X in 2022. In general, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Estonia (X tons) and Lithuania (X tons) were the main destinations of pasta and couscous exports from Latvia, together accounting for 93% of total exports. The Netherlands and the UK lagged somewhat behind, together comprising a further 3%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +71.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta and couscous exported from Latvia were Germany ($X), Estonia ($X) and Lithuania ($X), together comprising 91% of total exports. The Netherlands and the UK lagged somewhat behind, together accounting for a further 4.1%.

Among the main countries of destination, the Netherlands, with a CAGR of +80.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, rising by 5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2018 when the average export price increased by 9.9%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Lithuania ($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 the Netherlands (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Latvia

In 2022, imports of stuffed pasta and couscous into Latvia rose remarkably to X tons, growing by 12% compared with the year before. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.6% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 47%. 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, pasta and couscous imports skyrocketed to $X in 2022. Over the period under review, imports saw a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of pasta and couscous to Latvia, accounting for a 34% share of total imports. Moreover, pasta and couscous imports from Lithuania exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-4.8% per year) and Poland (+11.9% per year).

In value terms, Lithuania ($X), Ukraine ($X) and Poland ($X) constituted the largest pasta and couscous suppliers to Latvia, together comprising 68% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +16.7%, recorded 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 pasta and couscous import price amounted to $X per ton, increasing by 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform