Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (CIF) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (FOB) - 2023
3. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia
4. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (CIF) - 2022

The average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $511 per ton in 2022, dropping by -13.3% against the previous year. Over the period under review, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 74%. Over the period under review, average import prices attained the peak figure at $757 per ton in 2012; however, from 2013 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 Poland ($1,227 per ton), while the price for Lithuania ($405 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.3%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia (FOB) - 2023

The average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $771 per ton in September 2023, shrinking by -12.7% against the previous month. Overall, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 86% m-o-m. Over the period under review, the average export prices hit record highs at $998 per ton in December 2022; however, from January 2023 to September 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($1,489 per ton), while the average price for exports to Spain ($503 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia

In 2022, the amount of cereal grains; rolled or flaked, of cereals excluding barley and oatses imported into Latvia soared to 7.7K tons, surging by 137% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses surged to $3.9M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Latvia in 2022:

1. Lithuania (5.6K tons)
2. Estonia (1.3K tons)
3. Poland (0.6K tons)

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Latvia

Exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses from Latvia surged to 4K tons in 2022, picking up by 43% compared with the previous year. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 90% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses soared to $3.6M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 109% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Latvia in 2022:

1. Estonia (1646.7 tons)
2. Germany (1148.6 tons)
3. Czech Republic (533.0 tons)
4. Poland (400.4 tons)
5. Lithuania (235.2 tons)

Source: IndexBox Market Intelligence Platform