Latvia: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Latvia

The Latvian grape juice (single strength) market surged to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Grape Juice (Single Strength)

Exports from Latvia

After two years of growth, overseas shipments of grape juice (single strength) decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced sharply in the following year.

In value terms, grape juice (single strength) exports fell notably to $X in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Russia (X tons) was the main destination for grape juice (single strength) exports from Latvia, accounting for a X% share of total exports. Moreover, grape juice (single strength) exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold.

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

In value terms, Russia ($X) remains the key foreign market for grape juice (single strength) exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average grape juice (single strength) export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Kazakhstan ($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 mixed trend patterns.

Imports of Grape Juice (Single Strength)

Imports into Latvia

For the fourth year in a row, Latvia recorded growth in supplies from abroad of grape juice (single strength), which increased by X% to X tons in 2022. Overall, imports showed strong growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, grape juice (single strength) imports totaled $X in 2022. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of grape juice (single strength) to Latvia, with a X% share of total imports. Moreover, grape juice (single strength) imports from Lithuania exceeded the figures recorded by the second-largest supplier, Moldova (X tons), threefold. Estonia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Moldova (X% per year) and Estonia (X% per year).

In value terms, Lithuania ($X) constituted the largest supplier of grape juice (single strength) to Latvia, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Moldova, 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: France (X% per year) and Moldova (X% per year).

Import Prices by Country

In 2022, the average grape juice (single strength) import price amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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