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

Contents:

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

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

The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,126 per ton in 2022, falling by -8.9% against the previous year. Overall, the import price showed a drastic downturn. The growth pace was the most rapid in 2013 an increase of 101%. The import price peaked at $5,703 per ton in 2014; however, from 2015 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 ($2,010 per ton), while the price for Denmark ($1,001 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $2,104 per ton, waning by -13.7% against the previous year. In general, the export price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2020 an increase of 231% against the previous year. As a result, the export price reached the peak level of $3,978 per ton. From 2021 to 2022, the average 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 Bulgaria ($10,400 per ton), while the average price for exports to Latvia ($1,854 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 Bulgaria (+116.6%), 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 Lithuania

In 2022, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 into Lithuania skyrocketed to 222 tons, rising by 66% compared with the previous year's figure. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 696%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 soared to $250K in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 265%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Netherlands (201.1 tons)
2. Denmark (7.9 tons)
3. Poland (6.9 tons)
4. Latvia (4.8 tons)

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

In 2022, approx. 9 tons of flour and meal; of the dried leguminous vegetables of heading no. 0713 were exported from Lithuania; declining by -37.8% compared with the previous year's figure. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 360% against the previous year. As a result, the exports reached the peak of 15 tons, and then declined remarkably in the following year.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 fell dramatically to $19K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 224% against the previous year.

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

1. Latvia (8.5 tons)
2. Bulgaria (0.2 tons)
3. Estonia (0.2 tons)

Source: IndexBox Market Intelligence Platform