Price for Cereals; Millet, Other than Seed in Lithuania - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Lithuania (FOB) - 2022
- Price for Cereals; Millet, Other than Seed in Lithuania (CIF) - 2022
- Exports of Cereals; Millet, Other than Seed in Lithuania
- Imports of Cereals; Millet, Other than Seed in Lithuania
Price for Cereals; Millet, Other than Seed in Lithuania (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $650 per ton, shrinking by -6% against the previous year. In general, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2021 an increase of 35%. Over the period under review, the average export prices hit record highs at $909 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($5,333 per ton), while the average price for exports to Germany ($381 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 Austria (+64.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Lithuania (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $548 per ton, declining by -22.7% against the previous year. Over the period under review, the import price, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 169%. The import price peaked at $3,513 per ton in 2017; however, from 2018 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 ($590 per ton), while the price for Kazakhstan ($365 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+16.7%), while the prices for the other major suppliers experienced a decline.
Exports of Cereals; Millet, Other than Seed in Lithuania
For the third consecutive year, Lithuania recorded decline in shipments abroad of cereals; millet, other than seeds, which decreased by -26.2% to 259 tons in 2022. Over the period under review, exports continue to indicate a precipitous slump. The smallest decline of -0.6% was in 2021.
In value terms, cereals; millet, other than seed exports dropped dramatically to $168K in 2022. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year.
| Export of Cereals; Millet, Other than Seed in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 56.3 | 51.8 | 45.0 | 48.6 | -4.8% |
| Germany | N/A | 0.1 | N/A | 42.8 | 1968.8% |
| Latvia | 223 | 96.2 | 193 | 37.6 | -44.8% |
| Poland | 24.6 | 26.2 | 0.2 | 36.4 | 14.0% |
| Others | 3.5 | 6.4 | 4.6 | 2.9 | -6.1% |
| Total | 308 | 181 | 242 | 168 | -18.3% |
Top Export Markets for Cereals; Millet, Other than Seed from Lithuania in 2022:
- Germany (112.2 tons)
- Latvia (61.0 tons)
- Estonia (49.8 tons)
- Poland (33.6 tons)
Imports of Cereals; Millet, Other than Seed in Lithuania
Cereals; millet, other than seed imports into Lithuania soared to 219 tons in 2022, jumping by 108% against the previous year's figure. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports surged to $120K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 40.1 | 0% |
| Estonia | 16.4 | 70.2 | 23.7 | 36.8 | 30.9% |
| Poland | 58.0 | 8.8 | 32.2 | 24.1 | -25.4% |
| Others | 23.3 | 11.4 | 19.0 | 19.1 | -6.4% |
| Total | 97.7 | 90.4 | 74.9 | 120 | 7.1% |
Top Suppliers of Cereals; Millet, Other than Seed to Lithuania in 2022:
- Kazakhstan (110.0 tons)
- Estonia (64.4 tons)
- Poland (40.9 tons)
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