Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Latvia - 2023

Contents:

1. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Latvia (FOB) - 2022
2. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Latvia (CIF) - 2022
3. Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Latvia
4. Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Latvia

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Latvia (FOB) - 2022

In 2022, the average export price for seed; vegetable seed, of a kind used for sowings amounted to $61,843 per ton, increasing by 41% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2020 an increase of 63% against the previous year. Over the period under review, the average export prices reached the maximum at $119,286 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Lithuania ($132,009 per ton), while the average price for exports to Russia ($7,581 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 (+30.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Latvia (CIF) - 2022

The average import price for seed; vegetable seed, of a kind used for sowings stood at $26,777 per ton in 2022, rising by 4.5% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 seed; vegetable seed, of a kind used for sowings increased by +21.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 60% against the previous year. The import price peaked at $30,476 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($54,392 per ton), while the price for Italy ($8,394 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+132.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Latvia

In 2022, approx. 58 tons of seed; vegetable seed, of a kind used for sowings were exported from Latvia; with a decrease of -32.4% compared with the year before. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 64%.

In value terms, exports of seed; vegetable seed, of a kind used for sowings dropped to $3.6M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 73%. As a result, the exports attained the peak of $3.7M, and then dropped slightly in the following year.

Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from Latvia in 2022:

1. Netherlands (29.4 tons)
2. Russia (22.5 tons)
3. Lithuania (2.7 tons)
4. Estonia (2.0 tons)

Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Latvia

In 2022, after three years of growth, there was significant decline in purchases abroad of seed; vegetable seed, of a kind used for sowings, when their volume decreased by -22.7% to 119 tons. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 68%.

In value terms, imports of seed; vegetable seed, of a kind used for sowings reduced rapidly to $3.2M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +38.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of $3.9M, and then dropped dramatically in the following year.

Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to Latvia in 2022:

1. Poland (32.2 tons)
2. Lithuania (25.0 tons)
3. Italy (19.4 tons)
4. Germany (17.3 tons)
5. Netherlands (16.0 tons)
6. Czech Republic (3.6 tons)
7. Spain (2.0 tons)

Source: IndexBox Market Intelligence Platform