Cereals; Rye, Seed Price in Latvia - 2024
Contents:
- Cereals; Rye, Seed Price in Latvia (CIF) - 2022
- Cereals; Rye, Seed Price in Latvia (FOB) - 2022
- Cereals; Rye, Seed Imports in Latvia
- Cereals; Rye, Seed Exports in Latvia
Cereals; Rye, Seed Price in Latvia (CIF) - 2022
The average cereals; rye, seed import price stood at $1,262 per ton in 2022, with a decrease of -12.6% against the previous year. Overall, the import price saw a mild decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 77%. As a result, import price attained the peak level of $1,985 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,360 per ton), while the price for Estonia ($745 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Rye, Seed Price in Latvia (FOB) - 2022
The average cereals; rye, seed export price stood at $673 per ton in 2022, with a decrease of -45.2% against the previous year. In general, the export price, however, posted a strong increase. The growth pace was the most rapid in 2014 when the average export price increased by 161%. Over the period under review, the average export prices reached the maximum at $1,228 per ton in 2021, and then declined rapidly in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($860 per ton), while the average price for exports to Denmark stood at $634 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.
Cereals; Rye, Seed Imports in Latvia
In 2022, the amount of cereals; rye, seeds imported into Latvia surged to 1.5K tons, growing by 62% on 2021 figures. Over the period under review, imports, however, recorded a deep contraction.
In value terms, cereals; rye, seed imports skyrocketed to $1.9M in 2022. In general, imports, however, saw a abrupt contraction.
| Import of Cereals; Rye, Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,224 | 413 | 823 | 1,021 | -5.9% |
| Denmark | 268 | 579 | 411 | 446 | 18.5% |
| Poland | 1.1 | 1.5 | N/A | 227 | 490.9% |
| Lithuania | 159 | 146 | 84.9 | 162 | 0.6% |
| Estonia | 61.9 | N/A | 10.9 | 31.9 | -19.8% |
| Others | 1,713 | N/A | N/A | N/A | 0% |
| Total | 3,427 | 1,139 | 1,330 | 1,888 | -18.0% |
Top Suppliers of Cereals; Rye, Seed to Latvia in 2022:
- Germany (806.3 tons)
- Denmark (355.4 tons)
- Poland (166.9 tons)
- Lithuania (124.4 tons)
- Estonia (42.8 tons)
Cereals; Rye, Seed Exports in Latvia
Cereals; rye, seed exports from Latvia soared to 58 tons in 2022, with an increase of 74% on the previous year. Over the period under review, exports, however, showed a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 848% against the previous year. As a result, the exports attained the peak of 1.6K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; rye, seed exports dropped slightly to $39K in 2022. In general, exports, however, continue to indicate a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 458% against the previous year. As a result, the exports reached the peak of $787K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Rye, Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 6.0 | N/A | N/A | 30.1 | 71.2% |
| Lithuania | 29.4 | N/A | 40.5 | 8.7 | -33.4% |
| Germany | N/A | 769 | N/A | N/A | 0% |
| Estonia | 35.1 | 18.4 | N/A | N/A | -47.6% |
| Others | 70.6 | N/A | N/A | N/A | 0% |
| Total | 141 | 787 | 40.5 | 38.8 | -35.0% |
Top Export Markets for Cereals; Rye, Seed from Latvia in 2022:
- Denmark (47.5 tons)
- Lithuania (10.1 tons)
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