Latvia: Barley Market 2025

Barley Market Size in Latvia

The Latvian barley market soared to $X in 2022, with an increase of 130% against the previous year. In general, consumption, however, continues to indicate a slight shrinkage. Barley consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Barley Production in Latvia

In value terms, barley production totaled $X in 2022 estimated in export price. In general, production, however, showed a slight curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 60%. Barley production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of barley in Latvia expanded notably to X tons per ha in 2022, picking up by 14% against the year before. The yield figure increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the yield increased by 36%. Over the period under review, the average barley yield hit record highs at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The barley harvested area in Latvia stood at X ha in 2022, growing by 6.6% compared with the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 68% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the barley harvested area failed to regain momentum.

Barley Exports

Exports from Latvia

Barley exports from Latvia declined remarkably to X tons in 2022, waning by -79.2% on 2021 figures. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 143% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, barley exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 215%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Lithuania (X tons) and Romania (X tons) were the main destinations of barley exports from Latvia, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +15,222.4%), while the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Lithuania ($X) and Romania ($X) constituted the largest markets for barley exported from Latvia worldwide, with a combined 97% share of total exports.

Among the main countries of destination, Romania, with a CAGR of +15,482.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average barley export price stood at $X per ton in 2022, picking up by 20% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 29%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Estonia ($X per ton) and Spain ($X per ton), while the average price for exports to Romania ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Barley Imports

Imports into Latvia

In 2022, imports of barley into Latvia dropped dramatically to X tons, with a decrease of -46.5% on 2021. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 178% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, barley imports dropped sharply to $X in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 230%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of barley to Latvia, accounting for a 88% share of total imports. Moreover, barley imports from Lithuania exceeded the figures recorded by the second-largest supplier, Estonia (X tons), more than tenfold. The third position in this ranking was taken by Poland (X tons), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania stood at -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-7.2% per year) and Poland (+31.2% per year).

In value terms, Lithuania ($X) constituted the largest supplier of barley to Latvia, comprising 83% of total imports. The second position in the ranking was held by Poland ($X), with a 6.4% share of total imports. It was followed by Estonia, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from Lithuania stood at -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+42.4% per year) and Estonia (-4.6% per year).

Import Prices by Country

In 2022, the average barley import price amounted to $X per ton, surging by 49% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barley import price increased by +86.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue 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 Poland ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform