Brown Rice Price in Lithuania - 2023
Contents:
- Brown Rice Price in Lithuania (CIF) - 2022
- Brown Rice Price in Lithuania (FOB) - 2022
- Brown Rice Imports in Lithuania
- Brown Rice Exports in Lithuania
Brown Rice Price in Lithuania (CIF) - 2022
The average brown rice import price stood at $945 per ton in 2022, dropping by -4.1% against the previous year. In general, the import price recorded a mild decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum at $1,376 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($1,788 per ton), while the price for Pakistan ($635 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Brown Rice Price in Lithuania (FOB) - 2022
The average brown rice export price stood at $1,263 per ton in 2022, increasing by 10% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brown rice export price increased by +38.3% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of 42% against the previous year. The export price peaked at $1,519 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($1,911 per ton), while the average price for exports to Ukraine ($1,034 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 Estonia (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Brown Rice Imports in Lithuania
In 2022, imports of husked (brown) rice into Lithuania soared to 1.1K tons, rising by 62% compared with the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, brown rice imports skyrocketed to $1M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Brown Rice in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 5.1 | N/A | 97.5 | 359 | 312.9% |
| Thailand | 26.8 | 116 | 86.3 | 181 | 89.0% |
| Latvia | 30.1 | 109 | 159 | 162 | 75.2% |
| Cambodia | N/A | 117 | 86.1 | 157 | 15.8% |
| Pakistan | 36.1 | 44.2 | 77.2 | 62.9 | 20.3% |
| Poland | 1.3 | 18.0 | 35.8 | 31.9 | 190.6% |
| Italy | 11.1 | 42.3 | 32.9 | 12.8 | 4.9% |
| Argentina | 5.6 | 101 | N/A | N/A | 1703.6% |
| Myanmar | 442 | N/A | N/A | N/A | 0% |
| Romania | N/A | 36.1 | 16.8 | N/A | -53.5% |
| Others | 31.1 | 188 | 55.4 | 37.7 | 6.6% |
| Total | 589 | 772 | 647 | 1,004 | 19.5% |
Top Suppliers of Brown Rice to Lithuania in 2022:
- Paraguay (556.3 tons)
- Cambodia (148.7 tons)
- Thailand (112.1 tons)
- Pakistan (99.2 tons)
- Latvia (90.3 tons)
- Poland (26.0 tons)
- Italy (12.5 tons)
Brown Rice Exports in Lithuania
In 2022, brown rice exports from Lithuania surged to 384 tons, growing by 32% on the year before. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 64%. As a result, the exports reached the peak of 396 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, brown rice exports surged to $485K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 64% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Brown Rice in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 188 | 317 | 268 | 357 | 23.8% |
| Cyprus | N/A | N/A | N/A | 34.9 | 0% |
| Latvia | 3.8 | 12.3 | 15.0 | 32.6 | 104.7% |
| Ukraine | N/A | 20.5 | N/A | 26.6 | 13.9% |
| Czech Republic | 17.5 | 15.5 | 14.6 | 15.8 | -3.3% |
| Others | 40.8 | 44.6 | 33.9 | 17.6 | -24.4% |
| Total | 250 | 410 | 332 | 485 | 24.7% |
Top Export Markets for Brown Rice from Lithuania in 2022:
- Poland (283.9 tons)
- Latvia (27.0 tons)
- Ukraine (25.7 tons)
- Cyprus (24.0 tons)
- Czech Republic (14.0 tons)
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