Latvia - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingAnimal Feed Price in Latvia - 2023
Contents:
- Animal Feed Price in Latvia (FOB) - 2022
- Animal Feed Price in Latvia (CIF) - 2023
- Animal Feed Exports in Latvia
- Animal Feed Imports in Latvia
Animal Feed Price in Latvia (FOB) - 2022
In 2022, the average animal feed export price amounted to $493 per ton, reducing by -12.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 26%. The export price peaked at $676 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
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 Russia ($2,107 per ton), while the average price for exports to Ireland ($252 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 Russia (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Animal Feed Price in Latvia (CIF) - 2023
In September 2023, the average animal feed import price amounted to $334 per ton, shrinking by -41.1% against the previous month. In general, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 70% m-o-m. The import price peaked at $567 per ton in August 2023, and then shrank notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Poland ($1,245 per ton), while the price for Russia ($225 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+7.5%), while the prices for the other major suppliers experienced a decline.
Animal Feed Exports in Latvia
In 2022, approx. 116K tons of animal and pet feed were exported from Latvia; growing by 40% on 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, animal feed exports skyrocketed to $57M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 36%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Animal Feed in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 5.2 | 8.6 | 18.5 | 19.5 | 55.4% |
Ireland | N/A | N/A | N/A | 10.8 | 0% |
Estonia | 7.6 | 8.6 | 9.3 | 9.5 | 7.7% |
Finland | 5.6 | 8.3 | 7.4 | 5.7 | 0.6% |
Russia | 3.1 | 3.5 | 4.8 | 4.2 | 10.7% |
Spain | 0.3 | 0.4 | 0.6 | 2.1 | 91.3% |
Poland | 0.2 | 0.8 | 1.7 | 0.8 | 58.7% |
Belarus | 2.8 | 3.8 | 1.7 | 0.3 | -52.5% |
Others | 1.9 | 2.2 | 2.6 | 4.3 | 31.3% |
Total | 26.7 | 36.3 | 46.7 | 57.2 | 28.9% |
Top Export Markets for Animal Feed from Latvia in 2022:
- Ireland (42.7K tons)
- Lithuania (40.7K tons)
- Estonia (18.7K tons)
- Finland (3.8K tons)
- Spain (2.1K tons)
- Russia (2.0K tons)
- Poland (1.8K tons)
- Belarus (0.3K tons)
Animal Feed Imports in Latvia
For the fourth consecutive year, Latvia recorded growth in supplies from abroad of animal and pet feed, which increased by 12% to 62K tons in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, animal feed imports stood at $45M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 41%. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Animal Feed in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 4.2 | 8.4 | 11.5 | 11.1 | 38.3% |
Denmark | 5.4 | 6.5 | 9.8 | 7.8 | 13.0% |
Germany | 4.2 | 5.9 | 7.3 | 6.4 | 15.1% |
Poland | 2.9 | 3.2 | 4.2 | 5.1 | 20.7% |
Estonia | 0.7 | 0.7 | 1.2 | 2.8 | 58.7% |
Russia | 0.8 | 0.3 | 0.1 | 1.7 | 28.6% |
Finland | 1.0 | 0.8 | 1.3 | 1.1 | 3.2% |
United Kingdom | 1.1 | 1.3 | 0.6 | 0.5 | -23.1% |
Others | 5.2 | 8.7 | 8.0 | 8.3 | 16.9% |
Total | 25.5 | 35.8 | 44.1 | 44.9 | 20.8% |
Top Suppliers of Animal Feed to Latvia in 2022:
- Lithuania (23.9K tons)
- Poland (8.6K tons)
- Russia (8.2K tons)
- Denmark (6.2K tons)
- Estonia (4.6K tons)
- Germany (4.4K tons)
- Finland (1.2K tons)
- United Kingdom (0.3K tons)
This report provides an in-depth analysis of the animal feed market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10911010 - Premixtures for farm animal feeds
- Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
- Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
- Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
- Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the animal feed market in Latvia.
This report provides an in-depth analysis of the market for preparations for animal feeding in Latvia.
This report provides an in-depth analysis of the market for dog and cat food in Latvia.
This report provides an in-depth analysis of the global animal feed market.
This report provides an in-depth analysis of the global market for preparations for animal feeding.
This report provides an in-depth analysis of the global market for dog and cat food.
This report provides an in-depth analysis of the animal feed market in Latvia.
This report provides an in-depth analysis of the market for preparations for animal feeding in Latvia.
This report provides an in-depth analysis of the market for dog and cat food in Latvia.
This report provides an in-depth analysis of the global animal feed market.
Explore the forecasted trends and growth patterns in the global animal and pet feed market from 2023 to 2030. Learn about the projected increase in market volume and value, as well as key statistics on consumption, production, imports, and exports.
Explore the top import markets for animal feed in 2023 and discover key statistics and trends driving the global demand for feed products.
Explore the top import markets for preparations for animal feeding including Germany, the United States, the United Kingdom, and more. Learn about the key players driving the global market for animal feed.
In 2016, the global imports of animal feed amounted to X tons, approximately reflecting the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
Explore the top import markets for dog and cat food worldwide and discover key statistics and data from the IndexBox market intelligence platform.
Explore the forecasted trends and growth patterns in the global animal and pet feed market from 2023 to 2030. Learn about the projected increase in market volume and value, as well as key statistics on consumption, production, imports, and exports.
Explore the top import markets for animal feed in 2023 and discover key statistics and trends driving the global demand for feed products.
Explore the top import markets for preparations for animal feeding including Germany, the United States, the United Kingdom, and more. Learn about the key players driving the global market for animal feed.
In 2016, the global imports of animal feed amounted to X tons, approximately reflecting the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
Explore the top import markets for dog and cat food worldwide and discover key statistics and data from the IndexBox market intelligence platform.