Price for Frozen Concentrated Orange Juice in Latvia - 2023
Contents:
- Price for Frozen Concentrated Orange Juice in Latvia (CIF) - 2022
- Price for Frozen Concentrated Orange Juice in Latvia (FOB) - 2022
- Imports of Frozen Concentrated Orange Juice in Latvia
- Exports of Frozen Concentrated Orange Juice in Latvia
Price for Frozen Concentrated Orange Juice in Latvia (CIF) - 2022
The average frozen concentrated orange juice import price stood at $2,057 per ton in 2022, rising by 4.6% against the previous year. In general, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. Over the period under review, average import prices attained the maximum at $2,680 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($2,273 per ton), while the price for Poland ($730 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Concentrated Orange Juice in Latvia (FOB) - 2022
The average frozen concentrated orange juice export price stood at $2,413 per ton in 2022, reducing by -13% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 37% against the previous year. The export price peaked at $4,000 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +1.7% per year.
Imports of Frozen Concentrated Orange Juice in Latvia
In 2022, the amount of frozen concentrated orange juice imported into Latvia dropped to 486 tons, reducing by -12.5% against 2021. Over the period under review, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 556 tons, and then declined in the following year.
In value terms, frozen concentrated orange juice imports contracted to $1,000K in 2022. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 22%.
| Import of Frozen Concentrated Orange Juice in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,058 | 810 | 666 | 638 | -15.5% |
| Brazil | N/A | N/A | 375 | 340 | -9.3% |
| Lithuania | 8.1 | 6.2 | 1.1 | 9.3 | 4.7% |
| Poland | 12.2 | 5.1 | 6.4 | 6.3 | -19.8% |
| Others | 110 | 76.7 | 44.2 | 6.3 | -61.5% |
| Total | 1,188 | 898 | 1,093 | 1,000 | -5.6% |
Top Suppliers of Frozen Concentrated Orange Juice to Latvia in 2022:
- Mexico (280.8 tons)
- Brazil (182.8 tons)
- Lithuania (12.3 tons)
- Poland (8.6 tons)
Exports of Frozen Concentrated Orange Juice in Latvia
In 2022, approx. 46 kg of frozen concentrated orange juice were exported from Latvia; surging by 4.5% against the year before. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen concentrated orange juice exports reduced to $111 in 2022. In general, exports continue to indicate a significant increase.
| Export of Frozen Concentrated Orange Juice in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 1.0 | N/A | 32.0 | 111 | 380.6% |
| Lithuania | N/A | N/A | 63.0 | N/A | 0% |
| Denmark | N/A | N/A | 27.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | N/A | 122 | 111 | 380.6% |
Top Export Markets for Frozen Concentrated Orange Juice from Latvia in 2022:
- Estonia (46.0 kg)
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