Price for Cereals; Grain Sorghum, Other than Seed in Latvia - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Latvia (FOB) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Latvia (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in Latvia
- Imports of Cereals; Grain Sorghum, Other than Seed in Latvia
Price for Cereals; Grain Sorghum, Other than Seed in Latvia (FOB) - 2022
In 2022, the average export price for cereals; grain sorghum, other than seeds amounted to $814 per ton, shrinking by -19.9% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $1,016 per ton, and then dropped sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2019 to 2022, the rate of growth in terms of prices for Lithuania amounted to +29.0% per year.
Price for Cereals; Grain Sorghum, Other than Seed in Latvia (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $744 per ton, approximately reflecting the previous year. Overall, the import price, however, saw a precipitous decrease. Over the period under review, average import prices reached the maximum at $2,214 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($1,000 per ton), while the price for the Netherlands totaled $732 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+61.8%).
Exports of Cereals; Grain Sorghum, Other than Seed in Latvia
In 2022, shipments abroad of cereals; grain sorghum, other than seeds decreased by -96.3% to 43 kg, falling for the second consecutive year after two years of growth. In general, exports faced a dramatic slump. The growth pace was the most rapid in 2020 when exports increased by 56%. As a result, the exports attained the peak of 1.9 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereals; grain sorghum, other than seeds dropped markedly to $35 in 2022. Overall, exports saw a sharp decrease. The pace of growth was the most pronounced in 2020 when exports increased by 33% against the previous year. As a result, the exports attained the peak of $1.6K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereals; Grain Sorghum, Other than Seed in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 36.0 | 120 | 820 | 35.0 | -0.9% |
| Estonia | 68.0 | 39.0 | 41.0 | N/A | -22.4% |
| Lithuania | 1,108 | 1,457 | 315 | N/A | -46.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,212 | 1,616 | 1,176 | 35.0 | -69.3% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Latvia in 2022:
- Netherlands (43.0 kg)
Imports of Cereals; Grain Sorghum, Other than Seed in Latvia
In 2022, imports of cereals; grain sorghum, other than seeds into Latvia shrank markedly to 43 kg, falling by -49.4% compared with the previous year. Over the period under review, imports showed a sharp downturn.
In value terms, imports of cereals; grain sorghum, other than seeds declined notably to $32 in 2022. Overall, imports saw a significant curtailment.
| Import of Cereals; Grain Sorghum, Other than Seed in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Netherlands | 29.0 | 30.0 | 3.4% | ||
| Poland | 34.0 | 2.0 | -94.1% | ||
| Others | N/A | N/A | 0% | ||
| Total | 63.0 | 32.0 | -49.2% | ||
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Latvia in 2022:
- Netherlands (41.0 kg)
- Poland (2.0 kg)
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