Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Latvia - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Latvia (CIF) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Latvia (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Latvia
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Latvia

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Latvia (CIF) - 2022

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses amounted to $2,787 per ton, reducing by -8.7% against the previous year. Over the period under review, the import price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 194%. The import price peaked at $3,052 per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($3,574 per ton), while the price for Russia stood at $748 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Latvia (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses amounted to $914 per ton, increasing by 36% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 508%. Over the period under review, the average export prices hit record highs at $4,124 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Lebanon.

From 2015 to 2022, the rate of growth in terms of prices for Germany amounted to 0.0% per year.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Latvia

In 2022, overseas purchases of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses were finally on the rise to reach 7.7 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a precipitous descent.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses surged to $22K in 2022. Overall, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats to Latvia in 2022:

1. Lithuania (5.6 tons)
2. Russia (2.2 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Latvia

Exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses from Latvia reduced remarkably to 2 tons in 2022, dropping by 99.9% against 2021 figures. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 22,433,750% against the previous year. As a result, the exports attained the peak of 5.4K tons, and then shrank dramatically in the following year.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses declined dramatically to $1.8K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 6,112,992% against the previous year. As a result, the exports reached the peak of $3.6M, and then fell remarkably in the following year.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats from Latvia in 2022:

1. Lebanon (2.0 tons)

Source: IndexBox Market Intelligence Platform