Latvia: Durum Wheat Market 2024

Durum Wheat Market Size in Latvia

The Latvian durum wheat market reduced to $X in 2022, which is down by X% against the previous year. In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Durum Wheat Production in Latvia

In value terms, durum wheat production reduced to $X in 2022 estimated in export price. Over the period under review, production enjoyed a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The average yield of durum wheat in Latvia rose modestly to X tons per ha in 2022, surging by X% against 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the yield increased by X%. The durum wheat yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the durum wheat harvested area in Latvia reached X ha, leveling off at 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. The durum wheat harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Durum Wheat Exports

Exports from Latvia

Durum wheat exports from Latvia skyrocketed to X tons in 2022, growing by X% compared with the previous year. Over the period under review, exports, however, showed a perceptible curtailment. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, durum wheat exports skyrocketed to $X in 2022. In general, exports, however, saw a perceptible reduction. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for durum wheat exports from Latvia, with a X% share of total exports. Moreover, durum wheat exports to Nigeria exceeded the volume sent to the second major destination, Angola (X tons), more than tenfold. The third position in this ranking was held by Zimbabwe (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Zimbabwe (X% per year).

In value terms, Nigeria ($X) remains the key foreign market for durum wheat exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with a X% share of total exports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Zimbabwe (X% per year).

Export Prices by Country

The average durum wheat export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

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 Angola ($X per ton), while the average price for exports to Denmark ($X 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 Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Durum Wheat Imports

Imports into Latvia

Durum wheat imports into Latvia reduced rapidly to X tons in 2022, waning by X% compared with the previous year. In general, imports, however, showed strong growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, durum wheat imports dropped remarkably to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of durum wheat to Latvia, accounting for a X% share of total imports. Moreover, durum wheat imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Russia (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of durum wheat to Latvia, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Lithuania (X% per year).

Import Prices by Country

In 2022, the average durum wheat import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price showed temperate growth. The growth pace was the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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