Latvia: Berry Market 2024

Berry Market Size in Latvia

The Latvian berry market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Berry Production in Latvia

In value terms, berry production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average berry yield in Latvia rose notably to X tons per ha, growing by X% against 2021 figures. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. Over the period under review, the average berry yield attained the maximum level at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The berry harvested area in Latvia rose slightly to X ha in 2022, picking up by X% on the year before. In general, the total harvested area indicated a strong expansion from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, berry harvested area decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to berry production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Berry Exports

Exports from Latvia

In 2022, approx. X tons of berries were exported from Latvia; surging by X% on 2021. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, berry exports shrank dramatically to $X in 2022. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for berry exports from Latvia, with a X% share of total exports. Moreover, berry exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Italy (X% per year).

In value terms, Estonia ($X) emerged as the key foreign market for berries exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average berry export price amounted to $X per ton, declining by X% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, berry export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted remarkably in the following year.

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 ($X per ton), while the average price for exports to Italy ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Berry Imports

Imports into Latvia

Berry imports into Latvia skyrocketed to X tons in 2022, jumping by X% on 2021 figures. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, berry imports surged to $X in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Greece (X tons), Poland (X tons) and Sweden (X tons) were the main suppliers of berry imports to Latvia, with a combined X% share of total imports. The Netherlands, Germany, Spain, Estonia, Belgium and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Netherlands ($X) and Greece ($X) constituted the largest berry suppliers to Latvia, together comprising X% of total imports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average berry import price stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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