The Latvian fresh chicken cut market rose slightly to $X in 2024, growing by X% against the previous year. In general, consumption, however, posted buoyant growth. Over the period under review, the market attained the peak level in 2024 and is likely to continue growth in the near future.
Fresh Chicken Cut Production in Latvia
In value terms, fresh chicken cut production rose slightly to $X in 2024 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2024: its value increased at an average annual rate of X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level in 2024 and is expected to retain growth in the near future.
Fresh Chicken Cut ExportsExports from Latvia
For the fourth consecutive year, Latvia recorded growth in overseas shipments of fresh or chilled cuts of chicken, which increased by X% to X tons in 2024. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2024 and are expected to retain growth in years to come.
In value terms, fresh chicken cut exports surged to $X in 2024. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked in 2024 and are likely to continue growth in years to come.
Exports by Country
Estonia (X tons), Sweden (X tons) and Finland (X tons) were the main destinations of fresh chicken cut exports from Latvia, together comprising X% of total exports. The UK, Lithuania and Poland lagged somewhat behind, together comprising a further X%.
From 2012 to 2024, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Estonia ($X), Sweden ($X) and Finland ($X) constituted the largest markets for fresh chicken cut exported from Latvia worldwide, together accounting for X% of total exports. The UK, Lithuania and Poland lagged somewhat behind, together accounting for a further X%.
Among the main countries of destination, the UK, with a CAGR of X%, recorded the highest growth rate of 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 fresh chicken cut export price stood at $X per ton in 2024, picking up by X% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2024: its price increased at an average annual rate of X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, fresh chicken cut export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2024 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.
From 2012 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.
Fresh Chicken Cut ImportsImports into Latvia
In 2024, overseas purchases of fresh or chilled cuts of chicken increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a temperate increase from 2012 to 2024: its volume increased at an average annual rate of X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by X% against 2022 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2024, the growth of imports remained at a lower figure.
In value terms, fresh chicken cut imports soared to $X in 2024. In general, imports showed strong growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2024 and are likely to see gradual growth in the near future.
Imports by Country
In 2024, Poland (X tons) constituted the largest fresh chicken cut supplier to Latvia, accounting for a X% share of total imports. Moreover, fresh chicken cut imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. Estonia (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2024, the average annual rate of growth in terms of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Estonia (X% per year).
In value terms, Poland ($X) constituted the largest supplier of fresh or chilled cuts of chicken to Latvia, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.
From 2012 to 2024, the average annual rate of growth in terms of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Estonia (X% per year).
Import Prices by Country
In 2024, the average fresh chicken cut import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price recorded a strong expansion. The growth pace was the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2024 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.
From 2012 to 2024, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Frequently Asked Questions (FAQ) :
The countries with the highest volumes of consumption in 2024 were China, the United States and India, together comprising 26% of global consumption.
The countries with the highest volumes of production in 2024 were China, the United States and India, together accounting for 27% of global production.
In value terms, Poland constituted the largest supplier of fresh or chilled cuts of chicken to Latvia, comprising 64% of total imports. The second position in the ranking was held by Lithuania, with a 25% share of total imports. It was followed by Estonia, with a 9.5% share.
In value terms, Estonia, Sweden and Finland appeared to be the largest markets for fresh chicken cut exported from Latvia worldwide, with a combined 84% share of total exports. The UK, Lithuania and Poland lagged somewhat behind, together comprising a further 15%.
In 2024, the average fresh chicken cut export price amounted to $4,331 per ton, rising by 2.2% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2024: its price increased at an average annual rate of +2.9% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, fresh chicken cut export price increased by +35.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23% against the previous year. The export price peaked in 2024 and is expected to retain growth in the immediate term.
The average fresh chicken cut import price stood at $3,075 per ton in 2024, picking up by 7.3% against the previous year. In general, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2022 an increase of 42% against the previous year. The import price peaked in 2024 and is expected to retain growth in years to come.
This report provides an in-depth analysis of the fresh chicken cut market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:Prodcom 10121050 – Fresh or chilled cuts of chicken Country coverage:Data coverage:Market volume and valuePer Capita consumptionForecast of the market dynamics in the medium termTrade (exports and imports) in LatviaExport and import pricesMarket trends, drivers and restraintsKey market players and their profilesReasons to buy this report:Take advantage of the latest dataFind deeper insights into current market developmentsDiscover vital success factors affecting the market
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