Cereals; Millet, Seed Price in Latvia - 2023
Contents:
Cereals; Millet, Seed Price in Latvia (FOB) - 2022
The average cereals; millet, seed export price stood at $927 per ton in 2022, approximately reflecting the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 7.9% against the previous year. As a result, the export price reached the peak level of $1,371 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +5.6% per year.
Cereals; Millet, Seed Exports in Latvia
In 2022, overseas shipments of cereals; millet, seeds decreased by 0% to 96 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, cereals; millet, seed exports amounted to $88K in 2022. Overall, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cereals; Millet, Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 13.5 | N/A | N/A | 88.5 | 87.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.5 | N/A | N/A | 88.5 | 87.2% |
Top Export Markets for Cereals; Millet, Seed from Latvia in 2022:
- Netherlands (95.5 tons)
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