Brown Rice Price in Estonia - 2023
Contents:
- Brown Rice Price in Estonia (CIF) - 2022
- Brown Rice Price in Estonia (FOB) - 2022
- Brown Rice Imports in Estonia
- Brown Rice Exports in Estonia
Brown Rice Price in Estonia (CIF) - 2022
In 2022, the average brown rice import price amounted to $1,128 per ton, dropping by -7.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. The import price peaked at $1,217 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($1,426 per ton), while the price for Myanmar ($676 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Brown Rice Price in Estonia (FOB) - 2022
The average brown rice export price stood at $1,857 per ton in 2022, falling by -8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 23%. The export price peaked at $2,032 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($2,992 per ton), while the average price for exports to Latvia ($1,550 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Brown Rice Imports in Estonia
Brown rice imports into Estonia soared to 383 tons in 2022, jumping by 17% compared with the year before. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, brown rice imports expanded sharply to $432K in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Brown Rice in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 2.3 | 133 | 128 | 124 | 277.8% |
| Belgium | 104 | 124 | 121 | 114 | 3.1% |
| Latvia | 27.7 | 125 | 112 | 110 | 58.4% |
| Germany | 85.6 | 13.7 | 14.5 | 41.5 | -21.4% |
| Russia | 10.7 | 0.1 | N/A | 18.9 | 20.9% |
| Finland | N/A | N/A | 3.8 | 10.6 | 178.9% |
| Myanmar | 45.9 | N/A | N/A | 3.4 | -58.0% |
| Greece | 38.1 | N/A | N/A | N/A | 0% |
| Others | 43.3 | 23.0 | 17.7 | 9.0 | -40.8% |
| Total | 357 | 420 | 397 | 432 | 6.6% |
Top Suppliers of Brown Rice to Estonia in 2022:
- Lithuania (128.4 tons)
- Belgium (94.1 tons)
- Latvia (91.3 tons)
- Germany (31.3 tons)
- Russia (22.0 tons)
- Finland (7.4 tons)
- Myanmar (5.0 tons)
Brown Rice Exports in Estonia
For the third consecutive year, Estonia recorded decline in overseas shipments of husked (brown) rice, which decreased by -21.4% to 28 tons in 2022. In general, exports recorded a sharp downturn. The smallest decline of -3.1% was in 2021.
In value terms, brown rice exports contracted dramatically to $51K in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8.7%.
| Export of Brown Rice in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 32.2 | 18.3 | 20.4 | 18.2 | -17.3% |
| Finland | 35.1 | 30.9 | 32.2 | 15.4 | -24.0% |
| Lithuania | 13.9 | 11.8 | 14.8 | 12.5 | -3.5% |
| Norway | 5.7 | 4.5 | 3.8 | 5.1 | -3.6% |
| Germany | 4.9 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 91.9 | 65.6 | 71.3 | 51.2 | -17.7% |
Top Export Markets for Brown Rice from Estonia in 2022:
- Latvia (11.8 tons)
- Lithuania (7.1 tons)
- Finland (7.0 tons)
- Norway (1.7 tons)
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