Latvia: Vegetable Puree Market 2025

Vegetable Puree Market Size in Latvia

In 2022, after five years of growth, there was significant decline in the Latvian vegetable puree market, when its value decreased by -42.8% to $X. Over the period under review, consumption, however, posted significant growth. Over the period under review, the market reached the peak level at $X in 2021, and then contracted dramatically in the following year.

Vegetable Puree Production in Latvia

In value terms, vegetable puree production fell slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by 59%. Vegetable puree production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Vegetable Puree Exports

Exports from Latvia

After two years of decline, overseas shipments of vegetable puree increased by 21% to X tons in 2022. Overall, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 340% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, vegetable puree exports rose remarkably to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 277%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons), the Czech Republic (X tons) and Sweden (X tons) were the main destinations of vegetable puree exports from Latvia, together comprising 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +30.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable puree exported from Latvia were Denmark ($X), the Czech Republic ($X) and Sweden ($X), with a combined 86% share of total exports.

Sweden, with a CAGR of +39.8%, saw the highest growth rate of 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 vegetable puree export price stood at $X per ton in 2022, dropping by -10.2% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2016 an increase of 71%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden ($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 Cyprus (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Puree Imports

Imports into Latvia

In 2022, supplies from abroad of vegetable puree decreased by -49.3% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports showed a abrupt setback. The pace of growth was the most pronounced in 2016 when imports increased by 215%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable puree imports contracted sharply to $X in 2022. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 180%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Austria (X tons) and Spain (X kg) were the main suppliers of vegetable puree imports to Latvia, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +73.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Russia ($X) and Spain ($X) appeared to be the largest vegetable puree suppliers to Latvia, with a combined 82% share of total imports.

Spain, with a CAGR of +118.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 vegetable puree import price amounted to $X per ton, waning by -7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform