Price for Cereals; Maize (Corn), Other than Seed in Latvia - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Latvia (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Latvia (FOB) - 2023
- Imports of Cereals; Maize (Corn), Other than Seed in Latvia
- Exports of Cereals; Maize (Corn), Other than Seed in Latvia
Price for Cereals; Maize (Corn), Other than Seed in Latvia (CIF) - 2023
The average import price for cereals; maize (corn), other than seeds stood at $227 per ton in August 2023, waning by -4.8% against the previous month. Overall, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in November 2022 when the average import price increased by 7.8% against the previous month. As a result, import price reached the peak level of $328 per ton. From December 2022 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($2,821 per ton), while the price for Ukraine ($214 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+23.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Other than Seed in Latvia (FOB) - 2023
In August 2023, the average export price for cereals; maize (corn), other than seeds amounted to $221 per ton, reducing by -7.5% against the previous month. Over the period under review, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in December 2022 an increase of 14% month-to-month. The export price peaked at $330 per ton in October 2022; however, from November 2022 to August 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From October 2022 to August 2023, the rate of growth in terms of prices for Portugal amounted to 0.0% per month.
Imports of Cereals; Maize (Corn), Other than Seed in Latvia
In 2022, after two years of decline, there was significant growth in supplies from abroad of cereals; maize (corn), other than seeds, when their volume increased by 101% to 173K tons. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereals; maize (corn), other than seeds skyrocketed to $56M in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 10.1 | 12.3 | 15.8 | 44.6 | 64.1% |
| Lithuania | 1.7 | 3.3 | 0.9 | 5.8 | 50.5% |
| Poland | 0.1 | N/A | 0.3 | 2.8 | 203.7% |
| Ukraine | 4.6 | 1.0 | 1.5 | 2.5 | -18.4% |
| Belarus | N/A | 0.4 | 3.3 | N/A | 725.0% |
| Others | 0.2 | 0.1 | 0.1 | 0.3 | 14.5% |
| Total | 16.7 | 17.1 | 21.9 | 56.0 | 49.7% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Latvia in 2022:
- Russia (139.9K tons)
- Lithuania (15.8K tons)
- Poland (8.8K tons)
- Ukraine (8.4K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Latvia
In 2022, overseas shipments of cereals; maize (corn), other than seeds were finally on the rise to reach 86K tons after two years of decline. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; maize (corn), other than seeds surged to $29M in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Other than Seed in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 17.6 | 0% |
| Estonia | 3.4 | 3.6 | 5.2 | 6.8 | 26.0% |
| Netherlands | N/A | N/A | N/A | 3.3 | 0% |
| Lithuania | 1.1 | 0.5 | 0.1 | 1.3 | 5.7% |
| Germany | 1.8 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | 1.0 | 4.4 | N/A | 340.0% |
| Denmark | 1.4 | N/A | N/A | N/A | 0% |
| Portugal | N/A | 2.4 | N/A | N/A | 0% |
| Others | 0.7 | N/A | 0.1 | 0.3 | -24.6% |
| Total | 8.4 | 7.5 | 9.8 | 29.3 | 51.7% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Latvia in 2022:
- Spain (48.7K tons)
- Estonia (21.4K tons)
- Netherlands (10.3K tons)
- Lithuania (4.4K tons)
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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
