Latvia: Wheat Bran Market 2025

Wheat Bran Market Size in Latvia

In 2022, the Latvian wheat bran market increased by X% to $X, rising for the fifth year in a row after four years of decline. In general, consumption recorded a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Wheat Bran Production in Latvia

In value terms, wheat bran production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; afterwards, it flattened through to 2022.

Wheat Bran Exports

Exports from Latvia

In 2022, exports of wheat bran from Latvia fell remarkably to X tons, waning by X% against the previous year. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, wheat bran exports contracted to $X in 2022. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then fell slightly in the following year.

Exports by Country

Ireland (X tons) was the main destination for wheat bran exports from Latvia, accounting for a X% share of total exports. Moreover, wheat bran exports to Ireland exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was taken by Norway (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Norway (X% per year).

In value terms, Ireland ($X) remains the key foreign market for wheat bran exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by Norway, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Norway (X% per year).

Export Prices by Country

The average wheat bran export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and Norway ($X per ton), while the average price for exports to Denmark ($X per ton) and Ireland ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Bran Imports

Imports into Latvia

In 2022, approx. X tons of wheat bran were imported into Latvia; increasing by X% compared with 2021 figures. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, wheat bran imports surged to $X in 2022. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Estonia (X tons), Lithuania (X tons) and Poland (X tons) were the main suppliers of wheat bran imports to Latvia, with a combined X% share of total imports. Belarus and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Lithuania ($X) and Poland ($X) constituted the largest wheat bran suppliers to Latvia, together accounting for X% of total imports. Belarus and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wheat bran import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Belarus ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform