Price for Cereal Groats; Meal and Pellets in Estonia - 2023

Contents:

1. Price for Cereal Groats; Meal and Pellets in Estonia (CIF) - 2022
2. Price for Cereal Groats; Meal and Pellets in Estonia (FOB) - 2022
3. Imports of Cereal Groats; Meal and Pellets in Estonia
4. Exports of Cereal Groats; Meal and Pellets in Estonia

Price for Cereal Groats; Meal and Pellets in Estonia (CIF) - 2022

The average import price for cereal groats; meal and pelletses stood at $851 per ton in 2022, rising by 55% against the previous year. Overall, the import price showed a strong expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 88% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Ukraine ($2,429 per ton), while the price for Russia ($528 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Estonia (FOB) - 2022

The average export price for cereal groats; meal and pelletses stood at $547 per ton in 2022, rising by 29% against the previous year. Overall, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2013 when the average export price increased by 185% against the previous year. The export price peaked at $1,234 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2,295 per ton), while the average price for exports to Latvia ($349 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 the UK (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats; Meal and Pellets in Estonia

In 2022, approx. 983 tons of cereal groats; meal and pelletses were imported into Estonia; dropping by -13.1% on 2021 figures. Overall, imports showed a sharp decrease.

In value terms, cereal groats; meal and pellets imports surged to $837K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +52.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Groats; Meal and Pellets to Estonia in 2022:

1. Lithuania (380.2 tons)
2. Latvia (350.7 tons)
3. Finland (188.9 tons)
4. Russia (25.5 tons)
5. Poland (12.2 tons)
6. Germany (10.4 tons)

Exports of Cereal Groats; Meal and Pellets in Estonia

For the third consecutive year, Estonia recorded decline in shipments abroad of cereal groats; meal and pelletses, which decreased by -13.3% to 200 tons in 2022. Overall, exports recorded a abrupt slump. The smallest decline of -4.8% was in 2021.

In value terms, cereal groats; meal and pellets exports expanded markedly to $110K in 2022. In general, exports saw a relatively flat trend pattern.

Top Export Markets for Cereal Groats; Meal and Pellets from Estonia in 2022:

1. Latvia (141.3 tons)
2. Finland (28.6 tons)
3. Lithuania (21.5 tons)
4. United Kingdom (8.0 tons)

Source: IndexBox Market Intelligence Platform