Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Latvia - 2023

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Latvia (CIF) - 2022
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Latvia (FOB) - 2022
3. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Latvia
4. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Latvia

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Latvia (CIF) - 2022

In 2022, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $1,601 per ton, which is down by -3.1% against the previous year. Overall, the import price, however, saw strong growth. The pace of growth appeared the most rapid in 2020 an increase of 66%. Over the period under review, average import prices hit record highs at $1,652 per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($2,223 per ton), while the price for Denmark ($625 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Latvia (FOB) - 2022

In 2022, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $724 per ton, with a decrease of -51.1% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 23%. As a result, the export price reached the peak level of $1,479 per ton, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($2,106 per ton), while the average price for exports to Lithuania ($579 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 Russia (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Latvia

In 2022, approx. 104 tons of flour and meal; of the dried leguminous vegetables of heading no. 0713 were imported into Latvia; growing by 120% compared with the previous year. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 280% against the previous year. Over the period under review, imports of flour and meal; of dried leguminous vegetables of heading no. 0713 reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 skyrocketed to $166K in 2022. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 448%. Over the period under review, imports of flour and meal; of dried leguminous vegetables of heading no. 0713 hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Latvia in 2022:

1. France (45.1 tons)
2. Lithuania (19.6 tons)
3. Finland (12.1 tons)
4. Poland (10.2 tons)
5. Netherlands (7.7 tons)
6. Denmark (7.3 tons)

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Latvia

Exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 from Latvia skyrocketed to 209 tons in 2022, with an increase of 590% on the previous year's figure. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 soared to $151K in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Latvia in 2022:

1. Spain (176.1 tons)
2. Lithuania (16.1 tons)
3. Russia (10.2 tons)
4. Estonia (5.7 tons)
5. Germany (0.2 tons)

Source: IndexBox Market Intelligence Platform