Latvia - Maize - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Price in Latvia - 2023
Contents:
- Maize Price in Latvia (CIF) - 2023
- Maize Price in Latvia (FOB) - 2023
- Maize Imports in Latvia
- Maize Exports in Latvia
Maize Price in Latvia (CIF) - 2023
In September 2023, the average maize import price amounted to $235 per ton, surging by 3.8% against the previous month. In general, the import price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in November 2022 when the average import price increased by 7.8% month-to-month. Over the period under review, average import prices attained the maximum at $359 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Lithuania ($261 per ton) and Ukraine ($247 per ton), while the price for Russia ($218 per ton) and Poland ($243 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (0.0%), while the prices for the other major suppliers experienced a decline.
Maize Price in Latvia (FOB) - 2023
In August 2023, the average maize export price amounted to $221 per ton, declining by -7.5% against the previous month. In general, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in December 2022 an increase of 14% m-o-m. The export price peaked at $362 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From August 2022 to August 2023, the rate of growth in terms of prices for Portugal amounted to 0.0% per month.
Maize Imports in Latvia
After two years of decline, overseas purchases of maize increased by 100% to 174K tons in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, maize imports surged to $58M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Maize in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 10.1 | 12.3 | 15.8 | 44.6 | 64.1% |
Lithuania | 1.8 | 3.3 | 1.0 | 5.8 | 47.7% |
Poland | 0.2 | 0.1 | 0.5 | 3.0 | 146.6% |
Ukraine | 4.6 | 1.0 | 1.5 | 2.5 | -18.4% |
Belarus | N/A | 0.4 | 3.3 | N/A | 725.0% |
Others | 1.9 | 2.2 | 2.9 | 2.4 | 8.1% |
Total | 18.6 | 19.3 | 25.0 | 58.3 | 46.3% |
Top Suppliers of Maize to Latvia in 2022:
- Russia (139.9K tons)
- Lithuania (15.9K tons)
- Poland (8.8K tons)
- Ukraine (8.4K tons)
Maize Exports in Latvia
After two years of decline, shipments abroad of maize increased by 130% to 86K tons in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, maize exports skyrocketed to $30M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Maize in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | N/A | N/A | N/A | 17.6 | 0% |
Estonia | 3.4 | 3.7 | 5.2 | 6.8 | 26.0% |
Netherlands | N/A | N/A | N/A | 3.3 | 0% |
Lithuania | 1.2 | 0.6 | 0.4 | 1.7 | 12.3% |
Germany | 1.8 | N/A | N/A | N/A | 0% |
United Kingdom | N/A | 1.0 | 4.4 | N/A | 340.0% |
Denmark | 1.4 | N/A | N/A | N/A | 0% |
Portugal | N/A | 2.4 | N/A | N/A | 0% |
Others | 0.7 | N/A | 0.2 | 0.3 | -24.6% |
Total | 8.6 | 7.7 | 10.2 | 29.7 | 51.2% |
Top Export Markets for Maize from Latvia in 2022:
- Spain (48.7K tons)
- Estonia (21.4K tons)
- Netherlands (10.3K tons)
- Lithuania (4.5K tons)
This report provides an in-depth analysis of the maize market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 56 - Maize
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the maize market in Latvia.
This report provides an in-depth analysis of the grain market in Latvia.
This report provides an in-depth analysis of the global maize market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the maize market in Latvia.
This report provides an in-depth analysis of the global maize market.
Discover the key import markets for maize globally, including China, Mexico, Japan, and more. Learn about the demand drivers and trends shaping the maize trade.
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