Latvia: Triticale Market 2024

Triticale Market Size in Latvia

In 2022, the Latvian triticale market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a perceptible slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Triticale Production in Latvia

In value terms, triticale production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of triticale in Latvia reached X tons per ha in 2022, remaining stable against the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The triticale harvested area in Latvia reduced slightly to X ha in 2022, falling by X% against the previous year's figure. Overall, the harvested area showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X% against the previous year. The triticale harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Triticale Exports

Exports from Latvia

For the third year in a row, Latvia recorded decline in overseas shipments of triticale, which decreased by X% to X tons in 2022. Overall, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, triticale exports fell markedly to $X in 2022. Over the period under review, exports faced a precipitous setback. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for triticale exports from Latvia, accounting for a X% share of total exports. Moreover, triticale exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Lithuania stood at X%.

In value terms, Lithuania ($X) emerged as the key foreign market for triticale exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Estonia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Lithuania amounted to X%.

Export Prices by Country

In 2022, the average triticale export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a mild downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Estonia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Triticale Imports

Imports into Latvia

In 2022, purchases abroad of triticale decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, triticale imports dropped markedly to $X in 2022. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest triticale supplier to Latvia, accounting for a X% share of total imports. Moreover, triticale imports from Lithuania exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold.

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

In value terms, Lithuania ($X) constituted the largest supplier of triticale to Latvia, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average triticale import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price 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, triticale import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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