Price for Flour and Meal; of Potatoes in Latvia - 2023

Contents:

1. Price for Flour and Meal; of Potatoes in Latvia (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Latvia (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Latvia
4. Exports of Flour and Meal; of Potatoes in Latvia

Price for Flour and Meal; of Potatoes in Latvia (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $919 per ton, dropping by -24.1% against the previous year. Over the period under review, the import price recorded a pronounced slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 93%. Over the period under review, average import prices reached the peak figure at $1,383 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,314 per ton), while the price for Lithuania stood at $535 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+2.6%).

Price for Flour and Meal; of Potatoes in Latvia (FOB) - 2022

In 2022, the average export price for flour and meal; of potatoeses amounted to $1,840 per ton, approximately mirroring the previous year. In general, the export price, however, continues to indicate a temperate increase. The growth pace was the most rapid in 2020 when the average export price increased by 40%. Over the period under review, the average export prices reached the maximum at $2,200 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +4.5% per year.

Imports of Flour and Meal; of Potatoes in Latvia

In 2022, approx. 258 tons of flour and meal; of potatoeses were imported into Latvia; increasing by 133% on the previous year. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flour and meal; of potatoes imports skyrocketed to $237K in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flour and Meal; of Potatoes to Latvia in 2022:

1. Lithuania (131.0 tons)
2. Germany (126.5 tons)

Exports of Flour and Meal; of Potatoes in Latvia

In 2022, shipments abroad of flour and meal; of potatoeses decreased by -82.8% to 50 kg, falling for the second consecutive year after two years of growth. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 2,362%. As a result, the exports reached the peak of 320 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, flour and meal; of potatoes exports shrank rapidly to $92 in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,335% against the previous year. As a result, the exports reached the peak of $584. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Flour and Meal; of Potatoes from Latvia in 2022:

1. Estonia (50.0 kg)

Source: IndexBox Market Intelligence Platform