Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Estonia - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Estonia (CIF) - 2023
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Estonia (FOB) - 2022
3. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Estonia
4. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Estonia

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Estonia (CIF) - 2023

The average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $1,176 per ton in September 2023, reducing by -9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 13% against the previous month. The import price peaked at $1,292 per ton in August 2023, and then declined in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Finland ($1,642 per ton), while the price for Lithuania ($845 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Estonia (FOB) - 2022

In 2022, the average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $625 per ton, growing by 5.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 66%. Over the period under review, the average export prices reached the maximum at $654 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($1,609 per ton), while the average price for exports to Lithuania ($483 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 Finland (+12.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Estonia

Imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses into Estonia expanded to 1.1K tons in 2022, with an increase of 4.9% compared with 2021 figures. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 6.2% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses soared to $1.2M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Estonia in 2022:

1. Latvia (939.6 tons)
2. Finland (130.0 tons)
3. Lithuania (46.2 tons)

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Estonia

In 2022, shipments abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses decreased by -3.3% to 673 tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +3.1% 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 decreased by -34.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year. As a result, the exports reached the peak of 1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses rose slightly to $421K in 2022. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of 85%. As a result, the exports attained the peak of $669K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Estonia in 2022:

1. Latvia (484.0 tons)
2. Lithuania (117.1 tons)
3. Malta (56.1 tons)

Source: IndexBox Market Intelligence Platform