Price for Cereals; Barley, Other than Seed in Latvia - 2024

Contents:

  1. Price for Cereals; Barley, Other than Seed in Latvia (FOB) - 2024
  2. Price for Cereals; Barley, Other than Seed in Latvia (CIF) - 2024
  3. Exports of Cereals; Barley, Other than Seed in Latvia
  4. Imports of Cereals; Barley, Other than Seed in Latvia

Price for Cereals; Barley, Other than Seed in Latvia (FOB) - 2024

In August 2023, the average export price for cereals; barley, other than seeds amounted to $289 per ton, rising by 8.1% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices reached the maximum at $297 per ton in March 2023; however, from April 2023 to August 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($726 per ton), while the average price for exports to Lithuania totaled $274 per ton.

From March 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereals; Barley, Other than Seed in Latvia (CIF) - 2024

In August 2023, the average import price for cereals; barley, other than seeds amounted to $352 per ton, picking up by 24% against the previous month. Over the last five-month period, it increased at an average monthly rate of +3.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Denmark ($503 per ton), while the price for Ukraine ($221 per ton) was amongst the lowest.

From March 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereals; Barley, Other than Seed in Latvia

In 2022, the amount of cereals; barley, other than seeds exported from Latvia shrank rapidly to 32K tons, dropping by -79.3% compared with the previous year. Over the period under review, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 23%.

In value terms, cereals; barley, other than seed exports shrank significantly to $8.9M in 2022. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 53%.

Export of Cereals; Barley, Other than Seed in Latvia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain7.5N/AN/A4.4-16.3%
Lithuania3.73.11.93.5-1.8%
RomaniaN/AN/AN/A0.70%
Estonia0.2N/A0.10.314.5%
Saudi ArabiaN/A18.7N/AN/A0%
Kuwait7.2N/AN/AN/A0%
TunisiaN/AN/A6.5N/A0%
AlgeriaN/AN/A17.7N/A0%
Netherlands6.12.14.4N/A-15.1%
Turkey8.3N/AN/AN/A0%
Others40.80.26.2N/A-61.0%
Total73.924.136.88.9-50.6%

Top Export Markets for Cereals; Barley, Other than Seed from Latvia in 2022:

  1. Spain (14.8K tons)
  2. Lithuania (13.5K tons)
  3. Romania (3.2K tons)
  4. Estonia (0.8K tons)

Imports of Cereals; Barley, Other than Seed in Latvia

In 2022, approx. 18K tons of cereals; barley, other than seeds were imported into Latvia; which is down by -48% against the year before. Overall, imports saw a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year.

In value terms, cereals; barley, other than seed imports dropped dramatically to $5.6M in 2022. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 63%.

Import of Cereals; Barley, Other than Seed in Latvia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania4.13.67.14.96.1%
Estonia0.70.90.70.4-17.0%
PolandN/AN/AN/A0.20%
UkraineN/AN/AN/A0.10%
Others4.80.2N/AN/A-95.8%
Total9.64.87.85.6-16.4%

Top Suppliers of Cereals; Barley, Other than Seed to Latvia in 2022:

  1. Lithuania (16.1K tons)
  2. Estonia (1.1K tons)
  3. Poland (0.5K tons)
  4. Ukraine (0.4K tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Cereals; barley, other than seed - Latvia