Cereals; Barley, Seed Price in Lithuania - 2024
Contents:
- Cereals; Barley, Seed Price in Lithuania (CIF) - 2022
- Cereals; Barley, Seed Price in Lithuania (FOB) - 2024
- Cereals; Barley, Seed Imports in Lithuania
- Cereals; Barley, Seed Exports in Lithuania
Cereals; Barley, Seed Price in Lithuania (CIF) - 2022
The average cereals; barley, seed import price stood at $691 per ton in 2022, with an increase of 49% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. Over the period under review, average import prices attained the maximum at $867 per ton in 2016; however, from 2017 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 France ($1,674 per ton), while the price for Latvia ($289 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Barley, Seed Price in Lithuania (FOB) - 2024
In March 2024, the average cereals; barley, seed export price amounted to $497 per ton, declining by -5.5% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 3,401% against the previous month. As a result, the export price reached the peak level of $7,593 per ton. From December 2023 to March 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($558 per ton), while the average price for exports to Latvia ($370 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Barley, Seed Imports in Lithuania
In 2022, the amount of cereals; barley, seeds imported into Lithuania skyrocketed to 1.1K tons, increasing by 39% on 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.3% 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 +77.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; barley, seed imports surged to $770K in 2022. In general, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Cereals; Barley, Seed in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 241 | 20.6 | 108 | 467 | 24.7% |
Latvia | 44.5 | 33.6 | 45.9 | 115 | 37.2% |
Estonia | 35.4 | 164 | 172 | 51.0 | 12.9% |
Denmark | 62.3 | 23.4 | 8.3 | 38.8 | -14.6% |
France | N/A | 10.0 | N/A | 38.5 | 96.2% |
Slovakia | 14.9 | N/A | 19.2 | 29.2 | 25.1% |
Germany | 36.2 | 19.5 | 14.0 | 16.1 | -23.7% |
Czech Republic | N/A | N/A | 4.7 | 12.2 | 159.6% |
Spain | 69.7 | N/A | N/A | N/A | 0% |
Others | 21.0 | 4.7 | N/A | 2.6 | -50.2% |
Total | 525 | 276 | 372 | 770 | 13.6% |
Top Suppliers of Cereals; Barley, Seed to Lithuania in 2022:
- Poland (436.5 tons)
- Latvia (396.4 tons)
- Estonia (120.0 tons)
- Denmark (58.5 tons)
- Slovakia (44.0 tons)
- Czech Republic (24.0 tons)
- France (23.0 tons)
- Germany (10.4 tons)
Cereals; Barley, Seed Exports in Lithuania
In 2022, cereals; barley, seed exports from Lithuania contracted markedly to 1.4K tons, reducing by -75.1% compared with 2021. In general, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 455%. As a result, the exports reached the peak of 5.4K tons, and then shrank rapidly in the following year.
In value terms, cereals; barley, seed exports reduced remarkably to $505K in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 423% against the previous year. As a result, the exports attained the peak of $1.7M, and then dropped sharply in the following year.
Export of Cereals; Barley, Seed in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 243 | 242 | 419 | 271 | 3.7% |
Estonia | 261 | 65.4 | 231 | 138 | -19.1% |
Poland | N/A | N/A | 1,075 | 96.2 | -91.1% |
Others | 7.9 | 26.1 | 16.9 | 0.1 | -76.7% |
Total | 512 | 333 | 1,742 | 505 | -0.5% |
Top Export Markets for Cereals; Barley, Seed from Lithuania in 2022:
- Latvia (610.3 tons)
- Poland (447.7 tons)
- Estonia (296.4 tons)
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This report provides an in-depth analysis of the barley market in Lithuania.
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