Cereals; Barley, Seed Price in Latvia - 2024
Contents:
- Cereals; Barley, Seed Price in Latvia (CIF) - 2022
- Cereals; Barley, Seed Price in Latvia (FOB) - 2022
- Cereals; Barley, Seed Imports in Latvia
- Cereals; Barley, Seed Exports in Latvia
Cereals; Barley, Seed Price in Latvia (CIF) - 2022
The average cereals; barley, seed import price stood at $654 per ton in 2022, increasing by 64% against the previous year. In general, the import price showed notable growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 79% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,297 per ton), while the price for Lithuania ($503 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Barley, Seed Price in Latvia (FOB) - 2022
The average cereals; barley, seed export price stood at $468 per ton in 2022, which is down by -39.6% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 111% against the previous year. As a result, the export price attained the peak level of $776 per ton, and then dropped notably in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($496 per ton), while the average price for exports to Sweden stood at $335 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+75.2%), while the prices for the other major destinations experienced mixed trend patterns.
Cereals; Barley, Seed Imports in Latvia
In 2022, the amount of cereals; barley, seeds imported into Latvia expanded rapidly to 1.3K tons, surging by 7.2% against the previous year's figure. In general, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year.
In value terms, cereals; barley, seed imports surged to $821K in 2022. Over the period under review, imports saw mild growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Barley, Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 363 | 330 | 394 | 471 | 9.1% |
| Poland | 1.1 | 1.1 | 26.3 | 202 | 468.4% |
| Germany | 296 | 10.4 | 16.5 | 98.3 | -30.7% |
| Denmark | 40.3 | 28.0 | 11.0 | 48.1 | 6.1% |
| Estonia | 89.0 | 41.0 | 13.2 | N/A | -61.5% |
| Others | 1.5 | 0.7 | 4.5 | 1.9 | 8.2% |
| Total | 790 | 411 | 466 | 821 | 1.3% |
Top Suppliers of Cereals; Barley, Seed to Latvia in 2022:
- Lithuania (936.1 tons)
- Poland (156.0 tons)
- Germany (87.1 tons)
- Denmark (74.7 tons)
Cereals; Barley, Seed Exports in Latvia
After two years of decline, shipments abroad of cereals; barley, seeds increased by 65% to 277 tons in 2022. In general, exports, however, showed a significant contraction.
In value terms, cereals; barley, seed exports contracted modestly to $130K in 2022. Overall, exports, however, faced a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 13%.
| Export of Cereals; Barley, Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 234 | 104 | 71.9 | 114 | -21.3% |
| Sweden | 37.8 | N/A | N/A | 16.1 | -24.8% |
| Estonia | 23.9 | 10.4 | N/A | N/A | -56.5% |
| Others | N/A | N/A | 58.4 | N/A | 0% |
| Total | 295 | 115 | 130 | 130 | -23.9% |
Top Export Markets for Cereals; Barley, Seed from Latvia in 2022:
- Lithuania (229.2 tons)
- Sweden (48.0 tons)
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