Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Latvia - 2023

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Latvia (CIF) - 2022
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Latvia (FOB) - 2022
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Latvia
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Latvia

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Latvia (CIF) - 2022

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,524 per ton in 2022, rising by 5.6% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The growth pace was the most rapid in 2017 an increase of 18%. The import price peaked at $1,883 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($1,748 per ton), while the price for Uzbekistan stood at $1,498 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Latvia (FOB) - 2022

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,793 per ton, rising by 3.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 11%. The export price peaked at $1,867 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 Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +1.4% per year.

Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Latvia

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell imported into Latvia shrank dramatically to 79 tons, with a decrease of -42.2% compared with the previous year's figure. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,534% against the previous year. As a result, imports attained the peak of 136 tons, and then contracted notably in the following year.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell reduced markedly to $120K in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,244%. As a result, imports attained the peak of $196K, and then fell sharply in the following year.

Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to Latvia in 2022:

1. Uzbekistan (74.4 tons)
2. Lithuania (3.7 tons)

Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Latvia

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell exported from Latvia contracted rapidly to 18 tons, which is down by -73.2% compared with the previous year. In general, exports saw a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 247%. As a result, the exports reached the peak of 66 tons, and then contracted remarkably in the following year.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell reduced rapidly to $32K in 2022. Over the period under review, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 228%. As a result, the exports reached the peak of $115K, and then shrank rapidly in the following year.

Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from Latvia in 2022:

1. Estonia (17.7 tons)

Source: IndexBox Market Intelligence Platform