Price for Cereals; Millet, Other than Seed in Latvia - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Latvia (FOB) - 2022
- Price for Cereals; Millet, Other than Seed in Latvia (CIF) - 2022
- Exports of Cereals; Millet, Other than Seed in Latvia
- Imports of Cereals; Millet, Other than Seed in Latvia
Price for Cereals; Millet, Other than Seed in Latvia (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $3,516 per ton in 2022, increasing by 67% against the previous year. In general, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 163%. Over the period under review, the average export prices reached the peak figure at $4,525 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($5,261 per ton), while the average price for exports to Lithuania totaled $3,501 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Latvia (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $2,698 per ton in 2022, growing by 444% against the previous year. Over the period under review, the import price showed a tangible increase. The import price peaked at $3,468 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,846 per ton), while the price for India ($885 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Millet, Other than Seed in Latvia
In 2022, approx. 101 tons of cereals; millet, other than seeds were exported from Latvia; with an increase of 447% compared with 2021. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 753% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; millet, other than seed exports soared to $355K in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,588%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Cereals; Millet, Other than Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1.1 | 0.9 | 0.2 | 351 | 583.3% |
| Estonia | N/A | 18.2 | 11.6 | 4.3 | -51.4% |
| Sweden | N/A | N/A | 27.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 19.1 | 38.9 | 355 | 585.9% |
Top Export Markets for Cereals; Millet, Other than Seed from Latvia in 2022:
- Lithuania (100.2 tons)
- Estonia (0.8 tons)
Imports of Cereals; Millet, Other than Seed in Latvia
After three years of growth, supplies from abroad of cereals; millet, other than seeds decreased by -96.1% to 3.3 tons in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,141% against the previous year. As a result, imports reached the peak of 84 tons, and then reduced markedly in the following year.
In value terms, cereals; millet, other than seed imports shrank notably to $8.8K in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 419%. As a result, imports attained the peak of $42K, and then reduced sharply in the following year.
| Import of Cereals; Millet, Other than Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.0 | 0.5 | 0.6 | 7.2 | 93.1% |
| Czech Republic | 0.8 | 0.3 | 0.8 | 1.1 | 11.2% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| Lithuania | N/A | 4.4 | N/A | N/A | 0% |
| Ukraine | N/A | N/A | 39.8 | N/A | 0% |
| Others | 1.6 | 2.8 | 0.6 | 0.4 | -37.0% |
| Total | 3.5 | 8.1 | 41.9 | 8.8 | 36.0% |
Top Suppliers of Cereals; Millet, Other than Seed to Latvia in 2022:
- Germany (2529.0 kg)
- Czech Republic (503.0 kg)
- India (157.0 kg)
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