Latvia - Non-Wheat Flour - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Wheat Flour Price in Latvia - 2023
Contents:
- Non-Wheat Flour Price in Latvia (FOB) - 2023
- Non-Wheat Flour Price in Latvia (CIF) - 2023
- Non-Wheat Flour Exports in Latvia
- Non-Wheat Flour Imports in Latvia
Non-Wheat Flour Price in Latvia (FOB) - 2023
The average non-wheat flour export price stood at $831 per ton in September 2023, reducing by -24.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in August 2023 an increase of 39% m-o-m. As a result, the export price attained the peak level of $1,095 per ton, and then fell markedly in the following month.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Austria ($1,098 per ton), while the average price for exports to the UK ($375 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Wheat Flour Price in Latvia (CIF) - 2023
In September 2023, the average non-wheat flour import price amounted to $553 per ton, increasing by 13% against the previous month. In general, import price indicated buoyant growth from September 2022 to September 2023: its price increased at an average monthly rate of +5.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, non-wheat flour import price increased by +42.7% against July 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 62% against the previous month. Over the period under review, average import prices hit record highs in September 2023.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Lithuania ($623 per ton), while the price for Estonia amounted to $528 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+9.4%).
Non-Wheat Flour Exports in Latvia
In 2022, the amount of non-wheat flours exported from Latvia expanded remarkably to 12K tons, growing by 13% compared with the previous year. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, non-wheat flour exports soared to $7.7M in 2022. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 90%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Non-Wheat Flour in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 34.3 | 597 | 3,513 | 4,119 | 393.4% |
Poland | 136 | 137 | 598 | 1,430 | 119.1% |
Lithuania | 2,716 | 902 | 426 | 795 | -33.6% |
Italy | 118 | 876 | 479 | 493 | 61.1% |
France | N/A | N/A | 74.7 | 280 | 274.8% |
Estonia | 91.3 | 241 | 259 | 173 | 23.7% |
Hungary | 34.4 | 132 | 106 | 93.0 | 39.3% |
Czech Republic | 1,045 | 0.9 | 0.7 | N/A | -97.4% |
Ukraine | 177 | 43.1 | 6.0 | N/A | -81.6% |
Others | 724 | 150 | 391 | 306 | -25.0% |
Total | 5,075 | 3,080 | 5,854 | 7,689 | 14.9% |
Top Export Markets for Non-Wheat Flour from Latvia in 2022:
- Belgium (5.7K tons)
- Poland (2.0K tons)
- Lithuania (1.9K tons)
- Italy (0.6K tons)
- France (0.4K tons)
- Estonia (0.3K tons)
- Hungary (0.2K tons)
Non-Wheat Flour Imports in Latvia
After three years of growth, supplies from abroad of non-wheat flours decreased by -8% to 8.1K tons in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 38%.
In value terms, non-wheat flour imports rose rapidly to $2.6M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Non-Wheat Flour in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 1.0 | 1.4 | 1.9 | 1.9 | 23.9% |
Lithuania | 0.6 | 0.4 | 0.4 | 0.5 | -5.9% |
Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Total | 1.8 | 2.0 | 2.4 | 2.6 | 13.0% |
Top Suppliers of Non-Wheat Flour to Latvia in 2022:
- Estonia (5.5K tons)
- Lithuania (2.5K tons)
This report provides an in-depth analysis of the non-wheat flour 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:
- Prodcom 10612200 - Cereal flours (excluding wheat or meslin)
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
- 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 VOLUME AND VALUE
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
- 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
- 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 non-wheat flour market in Latvia.
This report provides an in-depth analysis of the cereal flour market in Latvia.
This report provides an in-depth analysis of the global non-wheat flour market.
This report provides an in-depth analysis of the global cereal flour market.
This report provides an in-depth analysis of the non-wheat flour market in Latvia.
This report provides an in-depth analysis of the cereal flour market in Latvia.
This report provides an in-depth analysis of the global non-wheat flour market.
This report provides an in-depth analysis of the global cereal flour market.
Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.