Price for Cereal Flour; of Maize (Corn) in Latvia - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Latvia (CIF) - 2022
- Price for Cereal Flour; of Maize (Corn) in Latvia (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Latvia
- Exports of Cereal Flour; of Maize (Corn) in Latvia
Price for Cereal Flour; of Maize (Corn) in Latvia (CIF) - 2022
In 2022, the average import price for cereal flour; of maize (corn) amounted to $425 per ton, picking up by 16% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 40% against the previous year. As a result, import price reached the peak level of $1,526 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,277 per ton), while the price for Lithuania ($387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Flour; of Maize (Corn) in Latvia (FOB) - 2022
The average export price for cereal flour; of maize (corn) stood at $1,171 per ton in 2022, rising by 9% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40%. The export price peaked at $2,525 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($15,882 per ton), while the average price for exports to Lithuania ($757 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+26.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereal Flour; of Maize (Corn) in Latvia
In 2022, overseas purchases of cereal flour; of maize (corn) were finally on the rise to reach 691 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern.
In value terms, cereal flour; of maize (corn) imports skyrocketed to $294K in 2022. In general, imports, however, showed a abrupt contraction.
Import of Cereal Flour; of Maize (Corn) in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 348 | 207 | 139 | 254 | -10.0% |
Netherlands | N/A | N/A | N/A | 27.0 | 0% |
Others | 37.2 | 43.6 | 44.9 | 13.4 | -28.8% |
Total | 385 | 251 | 184 | 294 | -8.6% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Latvia in 2022:
- Lithuania (655.8 tons)
- Netherlands (21.1 tons)
Exports of Cereal Flour; of Maize (Corn) in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas shipments of cereal flour; of maize (corn), which increased by 30% to 15 tons in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 72%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) exports soared to $18K in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Cereal Flour; of Maize (Corn) in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 7.4 | 6.0 | 5.4 | 10.4 | 12.0% |
United Kingdom | N/A | N/A | N/A | 4.4 | 0% |
Estonia | 2.3 | 3.4 | 7.2 | 3.1 | 10.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 9.7 | 9.3 | 12.6 | 17.9 | 22.7% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Latvia in 2022:
- Lithuania (13.7 tons)
- Estonia (1.3 tons)
- United Kingdom (0.3 tons)
This report provides an in-depth analysis of the cereal flour market in Latvia.
This report provides an in-depth analysis of the non-wheat flour market in Latvia.
This report provides an in-depth analysis of the global cereal flour market.
This report provides an in-depth analysis of the global non-wheat flour market.
This report provides an in-depth analysis of the cereal flour market in Latvia.
This report provides an in-depth analysis of the non-wheat flour market in Latvia.
This report provides an in-depth analysis of the global cereal flour market.
This report provides an in-depth analysis of the global non-wheat 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.