Latvia: Table Egg Market 2024

Table Egg Market Size in Latvia

In 2022, the Latvian table egg market decreased by X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption continues to indicate a perceptible decline. Table egg consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Table Egg Production in Latvia

In value terms, table egg production totaled $X in 2022 estimated in export price. In general, production, however, saw a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Table egg production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Table Egg Exports

Exports from Latvia

In 2022, table egg exports from Latvia surged to X tons, growing by X% on 2021 figures. Overall, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, table egg exports soared to $X in 2022. In general, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for table egg exports from Latvia, accounting for a X% share of total exports. Moreover, table egg exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a X% share.

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

In value terms, the largest markets for table egg exported from Latvia were Lithuania ($X), Estonia ($X) and the Czech Republic ($X), with a combined X% share of total exports. Poland, the Netherlands, Italy and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average table egg export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Czech Republic ($X per ton) and Poland ($X per ton), while the average price for exports to Germany ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Table Egg Imports

Imports into Latvia

Table egg imports into Latvia soared to X tons in 2022, rising by X% on the previous year's figure. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, table egg imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of table egg to Latvia, accounting for a X% share of total imports. Moreover, table egg imports from Lithuania exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Poland (X% per year).

In value terms, Lithuania ($X) constituted the largest supplier of table eggs to Latvia, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Lithuania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average table egg import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a slight decline. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($X per ton) and Estonia ($X per ton), while the price for Ukraine ($X per ton) and Finland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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