Price for Cereals; Oats, Other than Seed in Estonia - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Estonia (FOB) - 2023
- Price for Cereals; Oats, Other than Seed in Estonia (CIF) - 2022
- Exports of Cereals; Oats, Other than Seed in Estonia
- Imports of Cereals; Oats, Other than Seed in Estonia
Price for Cereals; Oats, Other than Seed in Estonia (FOB) - 2023
The average export price for cereals; oats, other than seeds stood at $274 per ton in August 2023, dropping by -4.8% against the previous month. Overall, the export price saw a slight decrease. The pace of growth was the most pronounced in May 2023 an increase of 24% m-o-m. As a result, the export price attained the peak level of $394 per ton. From June 2023 to August 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In August 2023, the country with the highest price was Lithuania ($347 per ton), while the average price for exports to Latvia totaled $258 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+16.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Oats, Other than Seed in Estonia (CIF) - 2022
In 2022, the average import price for cereals; oats, other than seeds amounted to $243 per ton, dropping by -11.7% against the previous year. Overall, the import price recorded a mild setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum at $309 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($317 per ton), while the price for Latvia totaled $227 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Oats, Other than Seed in Estonia
In 2022, cereals; oats, other than seed exports from Estonia was estimated at 56K tons, growing by 12% compared with 2021 figures. Over the period under review, exports, however, showed a deep setback.
In value terms, cereals; oats, other than seed exports soared to $21M in 2022. Overall, total exports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Oats, Other than Seed in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 8.2 | 0% |
| Latvia | 5.6 | 3.5 | 5.7 | 4.3 | -8.4% |
| Finland | 3.1 | N/A | 0.3 | 4.0 | 8.9% |
| Spain | 2.2 | N/A | N/A | 3.8 | 20.0% |
| Sweden | 2.2 | N/A | N/A | 0.2 | -55.0% |
| Germany | 1.3 | 3.5 | 1.8 | 0.2 | -46.4% |
| Belgium | 1.8 | 7.3 | 2.7 | N/A | 22.5% |
| Netherlands | 1.3 | 1.5 | 0.1 | N/A | -72.3% |
| Others | 2.0 | 3.3 | 2.4 | 0.3 | -46.9% |
| Total | 19.3 | 19.1 | 13.0 | 21.0 | 2.9% |
Top Export Markets for Cereals; Oats, Other than Seed from Estonia in 2022:
- United States (22.6K tons)
- Latvia (12.1K tons)
- Finland (10.3K tons)
- Spain (9.6K tons)
- Germany (0.5K tons)
- Sweden (0.3K tons)
Imports of Cereals; Oats, Other than Seed in Estonia
In 2022, the amount of cereals; oats, other than seeds imported into Estonia expanded significantly to 2.5K tons, increasing by 9.6% compared with 2021 figures. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 288%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, cereals; oats, other than seed imports shrank to $609K in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 246% against the previous year. As a result, imports attained the peak of $629K, and then fell slightly in the following year.
| Import of Cereals; Oats, Other than Seed in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 92.2 | 78.7 | 265 | 462 | 71.1% |
| Lithuania | N/A | N/A | N/A | 146 | 0% |
| Germany | 0.2 | 102 | 363 | N/A | 4160.3% |
| Others | 5.3 | 0.6 | 1.7 | N/A | -43.4% |
| Total | 97.7 | 182 | 629 | 609 | 84.0% |
Top Suppliers of Cereals; Oats, Other than Seed to Estonia in 2022:
- Latvia (2041.1 tons)
- Lithuania (461.6 tons)
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