Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Lithuania - 2023

Contents:

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

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

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $616 per ton in 2022, with a decrease of -32.9% against the previous year. Overall, the import price saw a deep slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 84%. Over the period under review, average import prices attained the peak figure at $3,947 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,302 per ton), while the price for Italy ($475 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.8%).

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

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $150 per ton, jumping by 26% against the previous year. In general, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2020 when the average export price increased by 415%. The export price peaked at $969 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +2.3% per year.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Lithuania

In 2022, approx. 141 tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) were imported into Lithuania; increasing by 436% on 2021. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,112%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $87K in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 550% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland4.70.117.558.6131.9%
NetherlandsN/AN/AN/A14.30%
ItalyN/AN/A5.711.4100.0%
Germany5.33.40.70.7-49.1%
Others0.50.20.21.853.3%
Total10.53.724.186.7102.1%

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

  1. Poland (104.2 tons)
  2. Italy (24.0 tons)
  3. Netherlands (11.0 tons)
  4. Germany (0.4 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Lithuania

In 2022, the amount of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) exported from Lithuania skyrocketed to 104 tons, picking up by 68% on 2021 figures. Over the period under review, exports, however, faced a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 30,964% against the previous year.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $16K in 2022. Overall, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 6,337% against the previous year.

Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia25.6N/A5.813.2-19.8%
Others3.40.11.62.4-11.0%
Total29.00.17.315.5-18.8%

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

  1. Latvia (102.4 tons)

Source: IndexBox Market Intelligence Platform

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