Price for Uncooked Pasta Not Containing Eggs in Latvia - 2023
Contents:
- Price for Uncooked Pasta Not Containing Eggs in Latvia (FOB) - 2023
- Price for Uncooked Pasta Not Containing Eggs in Latvia (CIF) - 2023
- Exports of Uncooked Pasta Not Containing Eggs in Latvia
- Imports of Uncooked Pasta Not Containing Eggs in Latvia
Price for Uncooked Pasta Not Containing Eggs in Latvia (FOB) - 2023
The average export price for uncooked pasta not containing eggs stood at $995 per ton in September 2023, dropping by -2.9% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 11% m-o-m. As a result, the export price reached the peak level of $1,138 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Lithuania ($1,957 per ton), while the average price for exports to South Africa ($712 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Uncooked Pasta Not Containing Eggs in Latvia (CIF) - 2023
In September 2023, the average import price for uncooked pasta not containing eggs amounted to $1,693 per ton, with a decrease of -2.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in April 2023 an increase of 13% against the previous month. Over the period under review, average import prices reached the peak figure at $1,895 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Poland ($7,001 per ton), while the price for Lithuania ($1,399 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 (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Uncooked Pasta Not Containing Eggs in Latvia
In 2022, shipments abroad of uncooked pasta not containing eggs decreased by -0.3% to 30K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 18%. As a result, the exports attained the peak of 34K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, uncooked pasta not containing eggs exports skyrocketed to $28M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Uncooked Pasta Not Containing Eggs in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 4.3 | 4.7 | 5.8 | 3.8 | -4.0% |
| Denmark | 0.5 | 0.9 | 1.0 | 3.8 | 96.6% |
| Estonia | 2.4 | 2.4 | 2.7 | 3.7 | 15.5% |
| Sweden | 2.5 | 2.8 | 3.2 | 3.3 | 9.7% |
| Poland | 0.4 | 0.3 | 0.2 | 2.6 | 86.6% |
| Germany | 0.3 | 0.8 | 0.9 | 2.0 | 88.2% |
| Ukraine | 0.6 | 0.8 | 1.0 | 1.5 | 35.7% |
| Netherlands | 0.3 | 0.5 | 0.7 | 1.5 | 71.0% |
| Lithuania | 1.1 | 1.2 | 1.0 | 1.5 | 10.9% |
| Russia | N/A | 1.0 | 0.7 | 0.9 | -5.1% |
| New Zealand | 1.1 | 1.2 | 1.1 | 0.8 | -10.1% |
| Norway | 0.4 | 0.5 | 0.5 | 0.8 | 26.0% |
| Hong Kong SAR | 0.5 | 0.5 | 0.4 | 0.6 | 6.3% |
| Others | 3.2 | 4.8 | 2.1 | 1.6 | -20.6% |
| Total | 17.6 | 22.7 | 21.2 | 28.4 | 17.3% |
Top Export Markets for Uncooked Pasta Not Containing Eggs from Latvia in 2022:
- South Africa (5.1K tons)
- Denmark (3.9K tons)
- Sweden (3.5K tons)
- Estonia (3.4K tons)
- Poland (3.3K tons)
- Ukraine (1.7K tons)
- Netherlands (1.4K tons)
- Germany (1.4K tons)
- Lithuania (1.1K tons)
- New Zealand (1.1K tons)
- Norway (1.0K tons)
- Hong Kong SAR (0.7K tons)
- Russia (0.5K tons)
Imports of Uncooked Pasta Not Containing Eggs in Latvia
In 2022, the amount of uncooked pasta not containing eggs imported into Latvia skyrocketed to 6.1K tons, growing by 15% compared with the year before. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, uncooked pasta not containing eggs imports surged to $8.6M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Uncooked Pasta Not Containing Eggs in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.0 | 3.8 | 3.8 | 4.6 | 15.3% |
| Lithuania | 0.8 | 1.1 | 0.8 | 2.2 | 40.1% |
| Poland | 0.3 | 0.3 | 0.3 | 0.5 | 18.6% |
| France | N/A | 0.2 | 0.3 | 0.3 | 22.5% |
| Others | 0.7 | 0.8 | 0.8 | 0.9 | 8.7% |
| Total | 4.9 | 6.2 | 6.1 | 8.6 | 20.6% |
Top Suppliers of Uncooked Pasta Not Containing Eggs to Latvia in 2022:
- Italy (3.3K tons)
- Lithuania (2.0K tons)
- Poland (0.4K tons)
- France (0.1K tons)
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1031
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