Price for Cereal Groats and Meal; of Wheat in Estonia - 2023
Contents:
- Price for Cereal Groats and Meal; of Wheat in Estonia (CIF) - 2022
- Price for Cereal Groats and Meal; of Wheat in Estonia (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Estonia
- Exports of Cereal Groats and Meal; of Wheat in Estonia
Price for Cereal Groats and Meal; of Wheat in Estonia (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of wheats amounted to $768 per ton, picking up by 42% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of wheats increased by +65.2% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($846 per ton) and Latvia ($768 per ton), while the price for Germany ($713 per ton) and Finland ($740 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Wheat in Estonia (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of wheats amounted to $1,009 per ton, with an increase of 13% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of wheats increased by +56.0% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 64%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($1,428 per ton), while the average price for exports to Lithuania ($659 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 Latvia (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Wheat in Estonia
In 2022, approx. 424 tons of cereal groats and meal; of wheats were imported into Estonia; with an increase of 22% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of wheats soared to $326K in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 52.1 | 54.8 | 57.2 | 134 | 37.0% |
| Latvia | 25.0 | 58.9 | 75.9 | 100 | 58.7% |
| Finland | 33.5 | 33.5 | 39.5 | 70.2 | 28.0% |
| Italy | 0.5 | 2.5 | 9.0 | 10.6 | 176.8% |
| Germany | 69.5 | 43.2 | 6.1 | 4.5 | -59.8% |
| Others | 3.2 | 0.8 | 0.1 | 6.4 | 26.0% |
| Total | 184 | 194 | 188 | 326 | 21.0% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Estonia in 2022:
- Lithuania (177.3 tons)
- Latvia (130.5 tons)
- Finland (94.8 tons)
- Italy (12.5 tons)
- Germany (6.4 tons)
Exports of Cereal Groats and Meal; of Wheat in Estonia
In 2022, shipments abroad of cereal groats and meal; of wheats was finally on the rise to reach 10 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous descent.
In value terms, exports of cereal groats and meal; of wheats soared to $10K in 2022. Over the period under review, exports, however, continue to indicate a precipitous shrinkage.
| Export of Cereal Groats and Meal; of Wheat in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 31.7 | 24.6 | 8.0 | 9.7 | -32.6% |
| Lithuania | 19.3 | 17.1 | 0.7 | 0.4 | -72.5% |
| Norway | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Germany | 3.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 55.5 | 42.0 | 9.1 | 10.4 | -42.8% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Estonia in 2022:
- Finland (9.5 tons)
- Lithuania (0.5 tons)
- Norway (0.2 tons)
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