Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia - 2023
Contents:
- Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia (CIF) - 2022
- Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia (FOB) - 2022
- Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia
- Exports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia
Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia (CIF) - 2022
The average import price for seed; sugar beet seed, of a kind used for sowing stood at $109,500 per ton in 2022, increasing by 19% against the previous year. Over the period under review, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 640% against the previous year. Over the period under review, average import prices reached the maximum at $109,885 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Lithuania.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +92.2% per year.
Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia (FOB) - 2022
The average export price for seed; sugar beet seed, of a kind used for sowing stood at $2,545 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, recorded a slight descent. Over the period under review, the average export prices hit record highs at $2,628 per ton in 2020; however, from 2021 to 2022, 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 2020 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +59.5% per year.
Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia
In 2022, supplies from abroad of seed; sugar beet seed, of a kind used for sowing decreased by 99.9% to 2 kg, falling for the second year in a row after two years of growth. In general, imports faced a sharp curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 34%. As a result, imports attained the peak of 4.9 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of seed; sugar beet seed, of a kind used for sowing shrank sharply to $219 in 2022. Over the period under review, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. As a result, imports reached the peak of $541K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 225 | 534 | 442 | 0.2 | -90.4% |
| Others | 7.2 | 7.1 | 0.2 | N/A | -83.3% |
| Total | 232 | 541 | 442 | 0.2 | -90.5% |
Top Suppliers of Seed; Sugar Beet Seed, of A Kind Used for Sowing to Latvia in 2022:
- Lithuania (2.0 kg)
Exports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia
In 2022, shipments abroad of seed; sugar beet seed, of a kind used for sowing decreased by -47.1% to 2.7 tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,600% against the previous year. As a result, the exports attained the peak of 5.1 tons, and then shrank dramatically in the following year.
In value terms, exports of seed; sugar beet seed, of a kind used for sowing dropped rapidly to $6.9K in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,542% against the previous year. As a result, the exports attained the peak of $13K, and then fell remarkably in the following year.
| Export of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | N/A | 13.0 | 6.9 | -46.9% | |
| Italy | 0.7 | N/A | N/A | 0% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 0.8 | 13.0 | 6.9 | 193.7% | |
Top Export Markets for Seed; Sugar Beet Seed, of A Kind Used for Sowing from Latvia in 2022:
- Netherlands (2.7 tons)
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This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Latvia.
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