Latvia: Piper Pepper Market 2024

Piper Pepper Market Size in Latvia

In 2022, after two years of growth, there was significant decline in the Latvian piper pepper market, when its value decreased by X% to $X. Overall, consumption faced a dramatic decrease. Piper pepper consumption peaked at $X in 2021, and then dropped sharply in the following year.

Piper Pepper Production in Latvia

In value terms, piper pepper production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The average yield of piper pepper in Latvia stood at less than X kg per ha in 2022, remaining relatively unchanged against 2021 figures. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The piper pepper harvested area in Latvia was estimated at less than X ha in 2022, almost unchanged from the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Piper Pepper Exports

Exports from Latvia

In 2022, the amount of piper pepper exported from Latvia surged to X tons, with an increase of X% against the previous year's figure. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, piper pepper exports skyrocketed to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X tons), Poland (X tons) and Hungary (X tons) were the main destinations of piper pepper exports from Latvia, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Hungary ($X) appeared to be the largest markets for piper pepper exported from Latvia worldwide, together comprising X% of total exports. Lithuania, Estonia, Russia, the Czech Republic, Belarus, Ukraine, Serbia, Croatia, Vietnam and Bulgaria lagged somewhat behind, together accounting for a further X%.

Croatia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average piper pepper export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Ukraine ($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 Croatia (X%), while the prices for the other major destinations experienced a decline.

Piper Pepper Imports

Imports into Latvia

In 2022, after two years of growth, there was significant decline in purchases abroad of piper pepper, when their volume decreased by X% to X tons. Over the period under review, imports, however, saw a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, piper pepper imports fell modestly to $X in 2022. In general, total imports indicated resilient growth 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Vietnam (X tons), Poland (X tons) and Brazil (X tons) were the main suppliers of piper pepper imports to Latvia, together comprising X% of total imports. Lithuania, Ecuador, Estonia, Germany, the Netherlands and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest piper pepper suppliers to Latvia were Vietnam ($X), Poland ($X) and Estonia ($X), together comprising X% of total imports. Lithuania, Brazil, Ecuador, Germany, Spain and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average piper pepper import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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