Cereals; Oats, Seeds Price in Latvia - 2024
Contents:
- Cereals; Oats, Seeds Price in Latvia (FOB) - 2022
- Cereals; Oats, Seeds Price in Latvia (CIF) - 2022
- Cereals; Oats, Seeds Exports in Latvia
- Cereals; Oats, Seeds Imports in Latvia
Cereals; Oats, Seeds Price in Latvia (FOB) - 2022
The average cereals; oats, seeds export price stood at $348 per ton in 2022, increasing by 70% against the previous year. Overall, the export price enjoyed measured growth. Over the period under review, the average export prices reached the maximum at $418 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($447 per ton), while the average price for exports to Estonia ($295 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 the Netherlands (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Oats, Seeds Price in Latvia (CIF) - 2022
In 2022, the average cereals; oats, seeds import price amounted to $398 per ton, jumping by 18% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 59%. As a result, import price attained the peak level of $452 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($387 per ton), while the price for Estonia amounted to $382 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+35.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Cereals; Oats, Seeds Exports in Latvia
After three years of growth, overseas shipments of cereals; oats, seedses decreased by -56.6% to 8.4K tons in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 487% against the previous year.
In value terms, cereals; oats, seeds exports declined dramatically to $2.9M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 261% against the previous year.
| Export of Cereals; Oats, Seeds in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | 829 | 1,852 | 123.4% |
| Sweden | 508 | 308 | 547 | 587 | 4.9% |
| Lithuania | 102 | 459 | 392 | 270 | 38.3% |
| Estonia | 157 | 74.6 | 41.6 | 213 | 10.7% |
| Belgium | N/A | 273 | 1,020 | N/A | 273.6% |
| Germany | N/A | 1,241 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 1,127 | N/A | 0% |
| Others | 0.7 | 418 | N/A | N/A | 59614.3% |
| Total | 768 | 2,775 | 3,956 | 2,922 | 56.1% |
Top Export Markets for Cereals; Oats, Seeds from Latvia in 2022:
- Spain (5.5K tons)
- Sweden (1.3K tons)
- Lithuania (0.8K tons)
- Estonia (0.7K tons)
Cereals; Oats, Seeds Imports in Latvia
In 2022, approx. 502 tons of cereals; oats, seedses were imported into Latvia; growing by 45% on the previous year's figure. Overall, imports, however, showed a pronounced downturn.
In value terms, cereals; oats, seeds imports surged to $200K in 2022. Over the period under review, imports, however, continue to indicate a pronounced slump.
| Import of Cereals; Oats, Seeds in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 170 | 29.1 | 19.5 | 108 | -14.0% |
| Lithuania | 21.1 | 33.2 | 81.8 | 81.7 | 57.0% |
| Slovakia | 16.6 | N/A | N/A | N/A | 0% |
| Others | 22.7 | 10.9 | 15.1 | 10.3 | -23.2% |
| Total | 230 | 73.1 | 116 | 200 | -4.6% |
Top Suppliers of Cereals; Oats, Seeds to Latvia in 2022:
- Estonia (281.7 tons)
- Lithuania (211.2 tons)
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