Latvia - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMaize Starch Price in Latvia - 2023
Contents:
- Maize Starch Price in Latvia (CIF) - 2023
- Maize Starch Price in Latvia (FOB) - 2022
- Maize Starch Imports in Latvia
- Maize Starch Exports in Latvia
Maize Starch Price in Latvia (CIF) - 2023
In September 2023, the average maize starch import price amounted to $2,699 per ton, falling by -24.4% against the previous month. Over the period under review, the import price, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 123% m-o-m. The import price peaked at $4,101 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($19,522 per ton), while the price for Italy ($981 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Maize Starch Price in Latvia (FOB) - 2022
In 2022, the average maize starch export price amounted to $1,088 per ton, with an increase of 6.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belarus ($1,283 per ton) and Estonia ($1,096 per ton), while the average price for exports to Germany ($925 per ton) and Lithuania ($997 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 Lithuania (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Starch Imports in Latvia
In 2022, approx. 933 tons of maize (corn) starch were imported into Latvia; rising by 60% against the year before. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, maize starch imports soared to $1.5M in 2022. Over the period under review, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Maize Starch in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 50.4 | 61.0 | 596 | 783 | 149.5% |
| Lithuania | 120 | 159 | 230 | 531 | 64.2% |
| Serbia | N/A | N/A | 16.5 | 90.2 | 446.7% |
| Netherlands | 3.4 | 0.3 | 3.0 | 51.7 | 147.7% |
| Poland | 107 | 1.1 | 8.4 | 1.2 | -77.6% |
| United Kingdom | 598 | 512 | N/A | N/A | -14.4% |
| Others | 16.7 | 6.1 | 22.3 | 14.0 | -5.7% |
| Total | 896 | 739 | 876 | 1,471 | 18.0% |
Top Suppliers of Maize Starch to Latvia in 2022:
- Germany (400.4 tons)
- Lithuania (378.5 tons)
- Serbia (96.0 tons)
- Netherlands (46.8 tons)
- Poland (2.6 tons)
Maize Starch Exports in Latvia
Maize starch exports from Latvia skyrocketed to 295 tons in 2022, increasing by 245% compared with the previous year's figure. Over the period under review, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, maize starch exports soared to $321K in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Maize Starch in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 25.9 | 37.1 | 32.2 | 128 | 70.3% |
| Germany | N/A | N/A | N/A | 106 | 0% |
| Estonia | 144 | 14.6 | 46.7 | 44.4 | -32.4% |
| Lithuania | 2.0 | 1.2 | 2.3 | 36.3 | 162.8% |
| Others | N/A | 3.8 | 6.1 | 6.3 | 28.8% |
| Total | 172 | 56.6 | 87.4 | 321 | 23.1% |
Top Export Markets for Maize Starch from Latvia in 2022:
- Germany (115.0 tons)
- Belarus (99.6 tons)
- Estonia (40.5 tons)
- Lithuania (36.4 tons)
This report provides an in-depth analysis of the maize starch market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621113 - Maize (corn) starch
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
125
This report provides an in-depth analysis of the maize starch market in Latvia.
89
This report provides an in-depth analysis of the inulin market in Latvia.
55
This report provides an in-depth analysis of the potato starch market in Latvia.
113
This report provides an in-depth analysis of the wheat starch market in Latvia.
134
This report provides an in-depth analysis of the market for starch other than wheat, corn or potato in Latvia.
2122
This report provides an in-depth analysis of the global maize starch market.
1766
This report provides an in-depth analysis of the global inulin market.
1346
This report provides an in-depth analysis of the global potato starch market.
1387
This report provides an in-depth analysis of the global wheat starch market.
347
This report provides an in-depth analysis of the global market for starch other than wheat, corn or potato.
1154
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
654
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
224
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
1154
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
654
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
224
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
