Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Latvia - 2023
Contents:
- Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Latvia (FOB) - 2023
- Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Latvia
Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Latvia (FOB) - 2023
The average export price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses stood at $9,016 per ton in October 2023, almost unchanged from the previous month. In general, export price indicated a measured expansion from October 2022 to October 2023: its price increased at an average monthly rate of +4.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses decreased by +0.4% against August 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 38% month-to-month. Over the period under review, the average export prices hit record highs at $9,571 per ton in June 2023; however, from July 2023 to October 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Finland.
From October 2022 to October 2023, the rate of growth in terms of prices for Finland amounted to +4.5% per month.
Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Latvia
In 2022, approx. 25 tons of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses were exported from Latvia; which is down by -60.9% compared with the year before. Overall, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. As a result, the exports reached the peak of 63 tons, and then declined notably in the following year.
In value terms, exports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses contracted dramatically to $183K in 2022. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, the exports reached the peak of $456K, and then contracted notably in the following year.
| Export of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 341 | 311 | 447 | 183 | -18.7% |
| Sweden | 11.7 | 23.6 | 0.7 | N/A | -75.5% |
| Others | N/A | N/A | 8.1 | N/A | 0% |
| Total | 353 | 334 | 456 | 183 | -19.7% |
Top Export Markets for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Latvia in 2022:
- Finland (24.8 tons)
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