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Latvia - Oats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOat Price in Latvia - 2023
Contents:
- Oat Price in Latvia (FOB) - 2023
- Oat Price in Latvia (CIF) - 2023
- Oat Exports in Latvia
- Oat Imports in Latvia
Oat Price in Latvia (FOB) - 2023
The average oat export price stood at $296 per ton in September 2023, with a decrease of -16.2% against the previous month. In general, the export price, however, continues to indicate a measured expansion. The growth pace was the most rapid in July 2023 an increase of 106% against the previous month. As a result, the export price attained the peak level of $553 per ton. From August 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Lithuania ($543 per ton), while the average price for exports to Belgium ($249 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 the Netherlands (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Oat Price in Latvia (CIF) - 2023
In September 2023, the average oat import price amounted to $282 per ton, falling by -22.2% against the previous month. In general, the import price saw a mild curtailment. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 26% month-to-month. Over the period under review, average import prices reached the peak figure at $389 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Estonia ($359 per ton), while the price for Lithuania stood at $280 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Estonia (+0.1%).
Oat Exports in Latvia
In 2022, shipments abroad of oats decreased by -38% to 55K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate slight growth. The pace of growth was the most pronounced in 2020 with an increase of 59%.
In value terms, oat exports reduced to $16M in 2022. The total export value increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 35% against the previous year.
Export of Oat in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 4.0 | 4.2 | 4.8 | 6.4 | 17.0% |
Netherlands | N/A | 1.0 | 3.2 | 3.6 | 89.7% |
Norway | 0.2 | 1.5 | N/A | 2.4 | 128.9% |
Lithuania | 1.4 | 2.6 | 0.8 | 0.9 | -13.7% |
Estonia | 0.4 | 0.2 | 0.1 | 0.7 | 20.5% |
Germany | 3.1 | 5.6 | 2.0 | 0.7 | -39.1% |
Sweden | 1.6 | 0.3 | 1.9 | 0.6 | -27.9% |
Belgium | 0.5 | 0.3 | 4.0 | N/A | 182.8% |
Denmark | 1.4 | 1.3 | N/A | N/A | -7.1% |
Others | 0.1 | 0.5 | 1.4 | 0.3 | 44.2% |
Total | 12.7 | 17.3 | 18.2 | 15.6 | 7.1% |
Top Export Markets for Oat from Latvia in 2022:
- Spain (22.2K tons)
- Netherlands (12.9K tons)
- Norway (8.1K tons)
- Germany (3.1K tons)
- Sweden (2.8K tons)
- Lithuania (2.7K tons)
- Estonia (2.1K tons)
Oat Imports in Latvia
Oat imports into Latvia shrank sharply to 29K tons in 2022, which is down by -35.9% compared with the previous year. Overall, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports reached the peak of 46K tons, and then fell dramatically in the following year.
In value terms, oat imports contracted to $9.9M in 2022. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year.
Import of Oat in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 5.6 | 5.2 | 6.0 | 6.3 | 4.0% |
Estonia | 6.3 | 3.9 | 5.6 | 3.5 | -17.8% |
Others | 0.4 | 0.2 | N/A | 0.1 | -37.0% |
Total | 12.3 | 9.4 | 11.6 | 9.9 | -7.0% |
Top Suppliers of Oat to Latvia in 2022:
- Lithuania (18.3K tons)
- Estonia (10.7K tons)
This report provides an in-depth analysis of the oat 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 75 - Oats
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
-
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 oat 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 oat market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the oat market in Latvia.
This report provides an in-depth analysis of the global oat market.
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