Price for Cereals; Maize (Corn), Seed in Latvia - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Latvia (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Latvia (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Latvia
- Exports of Cereals; Maize (Corn), Seed in Latvia
Price for Cereals; Maize (Corn), Seed in Latvia (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $3,694 per ton, shrinking by -1.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $3,991 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($5,250 per ton), while the price for the Czech Republic ($2,522 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Latvia (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $3,829 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 31%. Over the period under review, the average export prices reached the maximum at $4,278 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($3,830 per ton), while the average price for exports to Ukraine ($1,000 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 Lithuania (+3.3%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Seed in Latvia
After three years of growth, supplies from abroad of cereals; maize (corn), seeds decreased by -22.3% to 636 tons in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports reached the peak of 818 tons, and then fell dramatically in the following year.
In value terms, cereals; maize (corn), seed imports dropped markedly to $2.3M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38%. As a result, imports attained the peak of $3.1M, and then contracted sharply in the following year.
| Import of Cereals; Maize (Corn), Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 773 | 906 | 1,031 | 773 | 0.0% |
| Estonia | 26.6 | 124 | 291 | 449 | 156.5% |
| Czech Republic | 224 | 250 | 314 | 282 | 8.0% |
| Germany | 293 | 234 | 634 | 275 | -2.1% |
| Poland | 103 | 111 | 227 | 238 | 32.2% |
| Denmark | 79.9 | 102 | 177 | 142 | 21.1% |
| Austria | 92.5 | 142 | 167 | 136 | 13.7% |
| Lithuania | 112 | 30.3 | 96.6 | 34.0 | -32.8% |
| Slovakia | 122 | 70.5 | 27.6 | N/A | -52.4% |
| United Kingdom | N/A | 224 | N/A | N/A | 0% |
| Others | 101 | 35.2 | 111 | 20.5 | -41.2% |
| Total | 1,928 | 2,229 | 3,075 | 2,349 | 6.8% |
Top Suppliers of Cereals; Maize (Corn), Seed to Latvia in 2022:
- France (197.4 tons)
- Czech Republic (111.8 tons)
- Estonia (111.7 tons)
- Poland (63.0 tons)
- Germany (62.3 tons)
- Denmark (40.8 tons)
- Austria (38.2 tons)
- Lithuania (6.5 tons)
Exports of Cereals; Maize (Corn), Seed in Latvia
In 2022, overseas shipments of cereals; maize (corn), seeds decreased by -18.3% to 95 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 105% against the previous year. As a result, the exports reached the peak of 116 tons, and then shrank dramatically in the following year.
In value terms, cereals; maize (corn), seed exports declined significantly to $362K in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 168% against the previous year. As a result, the exports reached the peak of $443K, and then reduced markedly in the following year.
| Export of Cereals; Maize (Corn), Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 92.9 | 110 | 316 | 362 | 57.4% |
| Estonia | N/A | 55.2 | 16.4 | 0.3 | -92.6% |
| Spain | 45.5 | N/A | N/A | N/A | 0% |
| Ukraine | N/A | N/A | 111 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 138 | 166 | 443 | 362 | 37.9% |
Top Export Markets for Cereals; Maize (Corn), Seed from Latvia in 2022:
- Ukraine (undefined tons)
- Lithuania (94.5 tons)
- Estonia (0.1 tons)
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