Price for Cereals; Rye, Other than Seed in Latvia - 2023
Contents:
- Price for Cereals; Rye, Other than Seed in Latvia (FOB) - 2022
- Price for Cereals; Rye, Other than Seed in Latvia (CIF) - 2022
- Exports of Cereals; Rye, Other than Seed in Latvia
- Imports of Cereals; Rye, Other than Seed in Latvia
Price for Cereals; Rye, Other than Seed in Latvia (FOB) - 2022
The average export price for cereals; rye, other than seeds stood at $250 per ton in 2022, growing by 13% against the previous year. Overall, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. The export price peaked at $283 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($277 per ton) and Denmark ($261 per ton), while the average price for exports to Lithuania ($225 per ton) and Luxembourg ($235 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+0.3%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Rye, Other than Seed in Latvia (CIF) - 2022
The average import price for cereals; rye, other than seeds stood at $245 per ton in 2022, with an increase of 31% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Estonia ($293 per ton) and Lithuania ($275 per ton), while the price for Belarus ($226 per ton) and Russia ($239 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Rye, Other than Seed in Latvia
In 2022, shipments abroad of cereals; rye, other than seeds decreased by -9.4% to 119K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 187K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; rye, other than seed exports reached $30M in 2022. Over the period under review, exports, however, continue to indicate mild growth. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of $33M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Rye, Other than Seed in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.0 | 17.9 | 18.2 | 9.1 | 0.4% |
| Luxembourg | N/A | N/A | N/A | 7.2 | 0% |
| Germany | 10.3 | 3.3 | 6.9 | 6.6 | -13.8% |
| Estonia | 3.5 | 0.7 | 1.6 | 3.6 | 0.9% |
| Denmark | 2.6 | N/A | 0.5 | 1.5 | -16.8% |
| Lithuania | 0.5 | 0.6 | 0.7 | 1.2 | 33.9% |
| Russia | 1.3 | 7.9 | N/A | N/A | 507.7% |
| Sweden | 0.8 | 0.5 | 0.8 | N/A | 0.0% |
| Others | 1.0 | 1.6 | 0.4 | 0.5 | -20.6% |
| Total | 28.9 | 32.7 | 29.1 | 29.8 | 1.0% |
Top Export Markets for Cereals; Rye, Other than Seed from Latvia in 2022:
- Spain (33.0K tons)
- Luxembourg (30.8K tons)
- Germany (27.6K tons)
- Estonia (14.6K tons)
- Denmark (5.6K tons)
- Lithuania (5.5K tons)
Imports of Cereals; Rye, Other than Seed in Latvia
Cereals; rye, other than seed imports into Latvia declined dramatically to 39K tons in 2022, which is down by -26.1% on the year before. In general, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 30%.
In value terms, cereals; rye, other than seed imports shrank to $9.4M in 2022. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 53%.
| Import of Cereals; Rye, Other than Seed in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 11.6 | N/A | 4.5 | 7.9 | -12.0% |
| Lithuania | 1.2 | 4.8 | 2.2 | 1.1 | -2.9% |
| Estonia | 0.7 | 1.4 | 1.1 | 0.4 | -17.0% |
| Belarus | N/A | N/A | 1.1 | N/A | 0% |
| Others | 0.1 | 0.1 | 0.8 | N/A | 182.8% |
| Total | 13.6 | 6.3 | 9.7 | 9.4 | -11.6% |
Top Suppliers of Cereals; Rye, Other than Seed to Latvia in 2022:
- Russia (33.0K tons)
- Lithuania (4.1K tons)
- Estonia (1.3K tons)
- Belarus (0.2K tons)
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In 2020, the global rye imports rose by 54% y-o-y, owing primarily to the increased supplies to Germany. Over the last year, this country ramped up its imports nearly twofold, from 484 tons to 902 tons, and remains the major rye importer worldwide. Near 87% of imported rye came to Germany from Poland, the leading global exporter.
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