Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia - 2023
Contents:
- Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (CIF) - 2022
- Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (FOB) - 2023
- Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia
- Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia
Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (CIF) - 2022
The average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $511 per ton in 2022, dropping by -13.3% against the previous year. Over the period under review, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 74%. Over the period under review, average import prices attained the peak figure at $757 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,227 per ton), while the price for Lithuania ($405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (FOB) - 2023
The average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $771 per ton in September 2023, shrinking by -12.7% against the previous month. Overall, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 86% m-o-m. Over the period under review, the average export prices hit record highs at $998 per ton in December 2022; however, from January 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($1,489 per ton), while the average price for exports to Spain ($503 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia
In 2022, the amount of cereal grains; rolled or flaked, of cereals excluding barley and oatses imported into Latvia soared to 7.7K tons, surging by 137% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses surged to $3.9M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1,460 | 565 | 983 | 2,272 | 15.9% |
| Poland | 200 | 257 | 291 | 780 | 57.4% |
| Estonia | 232 | 295 | 431 | 716 | 45.6% |
| Others | 156 | 185 | 200 | 150 | -1.3% |
| Total | 2,048 | 1,302 | 1,905 | 3,917 | 24.1% |
Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Latvia in 2022:
- Lithuania (5.6K tons)
- Estonia (1.3K tons)
- Poland (0.6K tons)
Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia
Exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses from Latvia surged to 4K tons in 2022, picking up by 43% compared with the previous year. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 90% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses soared to $3.6M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 109% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 841 | 1,779 | 1,747 | 2,024 | 34.0% |
| Germany | 37.6 | 145 | 389 | 651 | 158.7% |
| Lithuania | 221 | 427 | 505 | 362 | 17.9% |
| Czech Republic | N/A | N/A | 80.9 | 290 | 258.5% |
| Poland | 21.1 | 44.5 | 31.7 | 187 | 106.9% |
| Others | 48.5 | 44.0 | 20.4 | 62.1 | 8.6% |
| Total | 1,169 | 2,439 | 2,775 | 3,575 | 45.2% |
Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Latvia in 2022:
- Estonia (1646.7 tons)
- Germany (1148.6 tons)
- Czech Republic (533.0 tons)
- Poland (400.4 tons)
- Lithuania (235.2 tons)
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