Cereals; Oats, Seeds Price in Estonia - 2024
Contents:
- Cereals; Oats, Seeds Price in Estonia (CIF) - 2022
- Cereals; Oats, Seeds Price in Estonia (FOB) - 2022
- Cereals; Oats, Seeds Imports in Estonia
- Cereals; Oats, Seeds Exports in Estonia
Cereals; Oats, Seeds Price in Estonia (CIF) - 2022
In 2022, the average cereals; oats, seeds import price amounted to $487 per ton, growing by 6.6% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 216%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 Denmark ($932 per ton), while the price for Lithuania ($396 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Oats, Seeds Price in Estonia (FOB) - 2022
In 2022, the average cereals; oats, seeds export price amounted to $432 per ton, increasing by 25% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of 89%. The export price peaked at $657 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($468 per ton), while the average price for exports to Latvia ($361 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 Lithuania (+14.8%), while the prices for the other major destinations experienced a decline.
Cereals; Oats, Seeds Imports in Estonia
In 2022, cereals; oats, seeds imports into Estonia declined slightly to 370 tons, with a decrease of -2% against the previous year's figure. Overall, imports showed a precipitous decline. The pace of growth was the most pronounced in 2021 when imports increased by 9.2%.
In value terms, cereals; oats, seeds imports rose slightly to $180K in 2022. Over the period under review, imports saw a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 69%.
| Import of Cereals; Oats, Seeds in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 314 | 60.7 | 130 | 124 | -26.6% |
| Germany | 99.0 | 39.1 | N/A | 36.2 | -28.5% |
| Denmark | 7.8 | N/A | 3.4 | 11.2 | 12.8% |
| Lithuania | 28.3 | 1.5 | 33.5 | 5.9 | -40.7% |
| Finland | 17.0 | N/A | 5.3 | 2.9 | -44.5% |
| Others | N/A | 0.9 | N/A | N/A | 0% |
| Total | 466 | 102 | 172 | 180 | -27.2% |
Top Suppliers of Cereals; Oats, Seeds to Estonia in 2022:
- Latvia (290.4 tons)
- Germany (49.5 tons)
- Lithuania (14.8 tons)
- Denmark (12.0 tons)
- Finland (3.6 tons)
Cereals; Oats, Seeds Exports in Estonia
In 2022, exports of cereals; oats, seedses from Estonia surged to 208 tons, growing by 765% on the year before. Over the period under review, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 973% against the previous year. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; oats, seeds exports soared to $90K in 2022. In general, exports saw a significant increase.
| Export of Cereals; Oats, Seeds in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 27.9 | N/A | N/A | 57.4 | 27.2% |
| Latvia | 10.1 | 66.3 | 1.5 | 23.4 | 32.3% |
| Lithuania | 1.6 | 170 | 5.2 | 8.9 | 77.2% |
| Others | N/A | N/A | 1.6 | 0.1 | -93.8% |
| Total | 39.6 | 236 | 8.3 | 89.8 | 31.4% |
Top Export Markets for Cereals; Oats, Seeds from Estonia in 2022:
- Sweden (122.7 tons)
- Latvia (65.0 tons)
- Lithuania (19.9 tons)
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