Price for Cereals; Oats, Other than Seed in Latvia - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Latvia (FOB) - 2022
- Price for Cereals; Oats, Other than Seed in Latvia (CIF) - 2022
- Exports of Cereals; Oats, Other than Seed in Latvia
- Imports of Cereals; Oats, Other than Seed in Latvia
Price for Cereals; Oats, Other than Seed in Latvia (FOB) - 2022
The average export price for cereals; oats, other than seeds stood at $281 per ton in 2022, rising by 37% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $286 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($354 per ton), while the average price for exports to Germany ($234 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 Norway (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Oats, Other than Seed in Latvia (CIF) - 2022
The average import price for cereals; oats, other than seeds stood at $337 per ton in 2022, growing by 33% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; oats, other than seed import price increased by +44.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($342 per ton), while the price for Estonia stood at $324 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+5.6%).
Exports of Cereals; Oats, Other than Seed in Latvia
In 2022, shipments abroad of cereals; oats, other than seeds decreased by -35.4% to 45K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, the exports reached the peak of 73K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; oats, other than seed exports fell to $13M in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 21%. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Oats, Other than Seed in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.0 | 4.2 | 4.0 | 4.5 | 4.0% |
| Netherlands | N/A | 1.0 | 2.0 | 3.6 | 89.7% |
| Norway | 0.2 | 1.5 | N/A | 2.4 | 128.9% |
| Germany | 3.1 | 4.3 | 2.0 | 0.7 | -39.1% |
| Lithuania | 1.3 | 2.2 | 0.4 | 0.6 | -22.7% |
| Estonia | 0.2 | 0.1 | 0.1 | 0.5 | 35.7% |
| Poland | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Belgium | 0.5 | N/A | 3.0 | N/A | 144.9% |
| Sweden | 1.1 | N/A | 1.4 | N/A | 12.8% |
| Denmark | 1.4 | 1.3 | N/A | N/A | -7.1% |
| Others | N/A | N/A | 1.4 | N/A | 0% |
| Total | 12.0 | 14.5 | 14.2 | 12.6 | 1.6% |
Top Export Markets for Cereals; Oats, Other than Seed from Latvia in 2022:
- Spain (16.7K tons)
- Netherlands (12.9K tons)
- Norway (8.1K tons)
- Germany (3.1K tons)
- Lithuania (1.9K tons)
- Estonia (1.4K tons)
- Poland (0.9K tons)
Imports of Cereals; Oats, Other than Seed in Latvia
In 2022, the amount of cereals; oats, other than seeds imported into Latvia shrank dramatically to 29K tons, waning by -36.5% against the previous year's figure. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of 45K tons, and then shrank dramatically in the following year.
In value terms, cereals; oats, other than seed imports contracted markedly to $9.7M in 2022. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 23%.
| Import of Cereals; Oats, Other than Seed in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 5.5 | 5.2 | 5.9 | 6.2 | 4.1% |
| Estonia | 6.2 | 3.9 | 5.6 | 3.4 | -18.1% |
| Others | 0.3 | 0.2 | N/A | 0.1 | -30.7% |
| Total | 12.0 | 9.3 | 11.5 | 9.7 | -6.8% |
Top Suppliers of Cereals; Oats, Other than Seed to Latvia in 2022:
- Lithuania (18.1K tons)
- Estonia (10.4K tons)
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