Price for Cereal Groats and Meal; of Maize (Corn) in Latvia - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Latvia (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Latvia (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Latvia
- Exports of Cereal Groats and Meal; of Maize (Corn) in Latvia
Price for Cereal Groats and Meal; of Maize (Corn) in Latvia (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $441 per ton, increasing by 14% against the previous year. Overall, the import price, however, recorded a slight reduction. Over the period under review, average import prices reached the peak figure at $578 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($674 per ton), while the price for Ukraine ($381 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Maize (Corn) in Latvia (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $574 per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 44%. The export price peaked at $608 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($782 per ton), while the average price for exports to Lithuania ($507 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 Sweden (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereal Groats and Meal; of Maize (Corn) in Latvia
In 2022, after two years of decline, there was significant growth in overseas purchases of cereal groats and meal; of maize (corn)s, when their volume increased by 13% to 682 tons. Overall, imports, however, saw a relatively flat trend pattern.
In value terms, imports of cereal groats and meal; of maize (corn)s skyrocketed to $300K in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Maize (Corn) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 187 | 152 | 216 | 233 | 7.6% |
| Ukraine | N/A | N/A | N/A | 32.6 | 0% |
| Lithuania | 63.4 | 71.4 | 6.6 | 21.8 | -29.9% |
| Others | 6.9 | 7.3 | 12.0 | 13.1 | 23.8% |
| Total | 257 | 231 | 234 | 300 | 5.3% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Latvia in 2022:
- Poland (549.3 tons)
- Ukraine (85.7 tons)
- Lithuania (32.3 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Latvia
Exports of cereal groats and meal; of maize (corn)s from Latvia amounted to 68 tons in 2022, leveling off at the previous year. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, the exports attained the peak of 74 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cereal groats and meal; of maize (corn)s totaled $39K in 2022. The total export value increased at an average annual rate of +13.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $40K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cereal Groats and Meal; of Maize (Corn) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 22.4 | 30.5 | 29.3 | 17.1 | -8.6% |
| Lithuania | 0.5 | 1.3 | 3.0 | 13.3 | 198.5% |
| Ireland | 2.6 | 4.3 | 2.1 | 3.3 | 8.3% |
| Sweden | N/A | N/A | 0.6 | 2.2 | 266.7% |
| United Kingdom | 1.3 | 2.5 | 1.8 | 1.3 | 0.0% |
| Others | 0.3 | 1.1 | 1.9 | 2.0 | 88.2% |
| Total | 27.0 | 39.8 | 38.7 | 39.2 | 13.2% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Latvia in 2022:
- Estonia (30.2 tons)
- Lithuania (26.3 tons)
- Ireland (4.2 tons)
- Sweden (3.2 tons)
- United Kingdom (1.9 tons)
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