Price for Buckwheat, Millet and Canary Seed; Other Cereals in Latvia - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Latvia (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Latvia (FOB) - 2023
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Latvia
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Latvia
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Latvia (CIF) - 2023
In October 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $1,332 per ton, rising by 120% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 278% month-to-month. As a result, import price reached the peak level of $2,165 per ton. From May 2023 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Poland ($3,565 per ton), while the price for Russia ($313 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+24.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Latvia (FOB) - 2023
The average export price for buckwheat, millet and canary seed; other cerealses stood at $845 per ton in October 2023, surging by 9.9% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 36% against the previous month. As a result, the export price attained the peak level of $1,071 per ton. From January 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($2,340 per ton), while the average price for exports to Italy ($313 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Latvia
Imports of buckwheat, millet and canary seed; other cerealses into Latvia skyrocketed to 25K tons in 2022, with an increase of 82% on the previous year's figure. Overall, imports recorded a strong expansion.
In value terms, imports of buckwheat, millet and canary seed; other cerealses soared to $17M in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 4.2 | 5.1 | 2.7 | 9.2 | 29.9% |
| Russia | N/A | 1.4 | 3.4 | 6.4 | 113.8% |
| Estonia | 0.7 | 0.4 | 0.2 | 0.9 | 8.7% |
| Poland | N/A | 0.7 | 0.3 | 0.2 | -46.5% |
| Others | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Total | 5.4 | 7.9 | 6.8 | 17.0 | 46.6% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Latvia in 2022:
- Lithuania (11.7K tons)
- Russia (10.1K tons)
- Estonia (2.7K tons)
- Poland (0.3K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Latvia
In 2022, the amount of buckwheat, millet and canary seed; other cerealses exported from Latvia reduced markedly to 14K tons, falling by -42% on 2021. Over the period under review, exports showed a sharp slump. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year.
In value terms, exports of buckwheat, millet and canary seed; other cerealses dropped rapidly to $11M in 2022. Overall, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $13M, and then dropped markedly in the following year.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 2.4 | 2.8 | 4.1 | 4.2 | 20.5% |
| France | 1.8 | 1.0 | 2.6 | 3.8 | 28.3% |
| Estonia | 0.2 | 0.3 | 0.8 | 0.9 | 65.1% |
| Poland | 1.9 | 1.5 | 2.0 | 0.6 | -31.9% |
| Ukraine | N/A | N/A | N/A | 0.4 | 0% |
| Italy | N/A | 0.2 | 0.2 | 0.4 | 41.4% |
| Germany | 0.8 | 0.1 | 0.8 | 0.2 | -37.0% |
| Belgium | N/A | N/A | 0.8 | N/A | 0% |
| United Kingdom | 1.2 | 1.9 | N/A | N/A | 58.3% |
| Denmark | 0.5 | N/A | N/A | N/A | 0% |
| Netherlands | 1.1 | 0.8 | 1.0 | N/A | -4.7% |
| Others | N/A | 0.1 | 1.0 | 0.6 | 144.9% |
| Total | 9.9 | 8.7 | 13.3 | 11.0 | 3.6% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Latvia in 2022:
- France (4.7K tons)
- Lithuania (4.6K tons)
- Estonia (2.2K tons)
- Poland (0.6K tons)
- Ukraine (0.4K tons)
- Italy (0.3K tons)
- Germany (0.1K tons)
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