Broken Rice Price in Estonia - 2023
Contents:
- Broken Rice Price in Estonia (CIF) - 2022
- Broken Rice Price in Estonia (FOB) - 2022
- Broken Rice Imports in Estonia
- Broken Rice Exports in Estonia
Broken Rice Price in Estonia (CIF) - 2022
In 2022, the average broken rice import price amounted to $691 per ton, increasing by 2.1% against the previous year. In general, the import price, however, showed a mild setback. The growth pace was the most rapid in 2021 an increase of 19% against the previous year. The import price peaked at $822 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($732 per ton), while the price for the Czech Republic totaled $681 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Broken Rice Price in Estonia (FOB) - 2022
In 2022, the average broken rice export price amounted to $1,415 per ton, reducing by -3.4% against the previous year. In general, the export price showed a perceptible descent. The export price peaked at $1,627 per ton in 2016; however, from 2017 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 Latvia ($1,738 per ton), while the average price for exports to the Netherlands ($169 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+1.1%).
Broken Rice Imports in Estonia
For the fourth year in a row, Estonia recorded growth in purchases abroad of broken rice, which increased by 35% to 149 tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, broken rice imports surged to $103K in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Broken Rice in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Czech Republic | N/A | 24.3 | 47.3 | 80.4 | 81.9% |
Lithuania | N/A | 25.3 | 26.7 | 22.2 | -6.3% |
Latvia | 3.7 | 3.9 | N/A | N/A | 5.4% |
Italy | 43.8 | N/A | N/A | N/A | 0% |
Others | 0.3 | 0.1 | 0.6 | N/A | 41.4% |
Total | 47.7 | 53.6 | 74.6 | 103 | 29.3% |
Top Suppliers of Broken Rice to Estonia in 2022:
- Czech Republic (118.1 tons)
- Lithuania (30.4 tons)
Broken Rice Exports in Estonia
In 2022, the amount of broken rice exported from Estonia skyrocketed to 612 kg, rising by 17% compared with 2021 figures. The total export volume increased at an average annual rate of +16.6% from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, broken rice exports rose markedly to $866 in 2022. The total export value increased at an average annual rate of +12.6% from 2021 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Broken Rice in Estonia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
Latvia | N/A | 544 | 0% | ||
Italy | N/A | 311 | 0% | ||
Netherlands | 1.0 | 11.0 | 1000.0% | ||
Gambia | 768 | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 769 | 866 | 12.6% |
Top Export Markets for Broken Rice from Estonia in 2022:
- Latvia (313.0 kg)
- Italy (234.0 kg)
- Netherlands (65.0 kg)
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