Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Latvia - 2023

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Latvia (CIF) - 2022
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Latvia (FOB) - 2022
3. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Latvia
4. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Latvia

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Latvia (CIF) - 2022

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $6,864 per ton, rising by 24% against the previous year. Over the period under review, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 125% against the previous year. Over the period under review, average import prices reached the peak figure at $21,149 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +9.0% per year.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Latvia (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $9,466 per ton, picking up by 271% against the previous year. In general, the export price, however, saw a abrupt downturn. Over the period under review, the average export prices reached the maximum at $22,500 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($10,033 per ton), while the average price for exports to the Netherlands stood at $2,095 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-21.1%).

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Latvia

In 2022, after two years of decline, there was growth in supplies from abroad of flour and meal; of sago, roots or tubers of heading no. 0714, when their volume increased by 2.2% to 500 kg. Overall, imports, however, continue to indicate a significant contraction.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 skyrocketed to $3.4K in 2022. In general, imports, however, recorded a sharp downturn.

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Latvia in 2022:

1. Estonia (500.0 kg)

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Latvia

In 2022, approx. 294 kg of flour and meal; of sago, roots or tubers of heading no. 0714 were exported from Latvia; rising by 1,370% on the previous year. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $2.8K in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Latvia in 2022:

1. France (273.0 kg)
2. Netherlands (21.0 kg)

Source: IndexBox Market Intelligence Platform