Price for Soya Beans; Other than Seed, Whether or Not Broken in Latvia - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Latvia (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Latvia (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Latvia
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Latvia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Latvia (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $16,245 per ton, rising by 1,249% against the previous year. In general, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kazakhstan ($38,075 per ton), while the price for Lithuania ($453 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+159.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Latvia (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $2,956 per ton in 2022, growing by 57% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth was the most pronounced in 2017 an increase of 690% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($3,653 per ton), while the average price for exports to Estonia stood at $2,654 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+20.9%).
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Latvia
In 2022, after two years of decline, there was significant growth in overseas purchases of soya beans; other than seed, whether or not brokens, when their volume increased by 124% to 329 tons. Overall, imports, however, recorded a abrupt shrinkage.
In value terms, imports of soya beans; other than seed, whether or not brokens skyrocketed to $5.3M in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 5,103 | 0% |
| Netherlands | 88.4 | 100 | 125 | 157 | 21.1% |
| Sweden | 19.1 | 35.3 | 49.3 | 42.4 | 30.5% |
| Poland | N/A | 15.0 | 0.4 | 10.2 | -17.5% |
| Lithuania | 145 | 54.4 | 1.5 | 0.9 | -81.6% |
| Estonia | 3.8 | 18.5 | N/A | 0.4 | -52.8% |
| Others | 6.1 | 1.9 | 0.9 | 26.1 | 62.3% |
| Total | 262 | 225 | 177 | 5,340 | 173.2% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Latvia in 2022:
- Netherlands (163.4 tons)
- Kazakhstan (134.0 tons)
- Poland (13.9 tons)
- Sweden (13.5 tons)
- Lithuania (2.1 tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Latvia
Exports of soya beans; other than seed, whether or not brokens from Latvia dropped sharply to 14 tons in 2022, declining by -38.4% compared with 2021 figures. Over the period under review, exports showed a dramatic setback.
In value terms, exports of soya beans; other than seed, whether or not brokens shrank slightly to $41K in 2022. In general, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. As a result, the exports attained the peak of $115K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 44.0 | 98.4 | 36.0 | 25.7 | -16.4% |
| Lithuania | 44.3 | 16.6 | 6.4 | 15.3 | -29.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 88.4 | 115 | 42.5 | 41.1 | -22.5% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Latvia in 2022:
- Estonia (9.7 tons)
- Lithuania (4.2 tons)
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