Bran, sharps and residues from cereal or legume processing market in Latvia

Earlier Report Observations

The market volume for bran, sharps, and residues from cereal and legume processing in Latvia exhibited strong overall growth from 2018 to 2023, more than doubling from 30 246 tonnes to 62 364 tonnes. This expansion occurred despite a noticeable mid-period fluctuation, indicating a resilient and scaling market.

After a sharp rise to 43 024 tonnes in 2019, the market contracted to 36 454 tonnes in 2020. From 2021 onward, a consistent upward trajectory resumed, with volumes climbing to 55 332 tonnes in 2021, 58 928 tonnes in 2022, and peaking at 62 364 tonnes in 2023. The post-2020 growth phase contributed significantly to the overall increase.

Production bran, sharps and residues from cereal or legume processing in Latvia

In kind, 2018-2021, K t

Top producers of bran, sharps and residues from cereal or legume processing, 2018-2021

World map of production of bran, sharps and residues from cereal or legume processing, 2018-2021

Latvia's production of bran, sharps, and residues from cereal or legume processing saw a two-year period of growth before declining. In 2021, the country produced 86 K t, marking a gradual decrease of 6.0% compared to the previous year. Looking at the broader period from 2018 to 2021, production increased by 21.8%, which translates to an annualized growth rate of 6.8%. The highest production level was recorded in 2020 at 91 K t, with the largest year-on-year increase of 19.7% also occurring that year.

Annual dynamics of production in Latvia in kind, 2018-2021, K t

Exports bran, sharps and residues from cereal or legume processing from Latvia

Exports in kind, t

In 2021, Latvia exported 79 882 t of bran, sharps, and residues from cereal or legume processing, representing a 19.2% decrease compared to the previous year. The lowest export volume during this period was in 2019 at 75 008 t, while the peak was reached in 2020 with 98 836 t. The most significant growth occurred in 2020, with exports surging by 31.8%.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, t

From 2018 to 2021, Ireland, the United Kingdom, and Estonia were consistently the main destinations for Latvia's exports of bran, sharps, and residues from cereal or legume processing. Ireland accounted for 61.3% of exports in kind, the United Kingdom for 16.5%, and Estonia for 5.4%. Together, these three countries represented 83.2% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Latvia in kind, 2018-2021

Exports in value, K $ US

Latvia's cross-border shipments of bran, sharps, and residues from cereal or legume processing increased for the second consecutive year in value terms. In 2021, exports amounted to 13 701 K $ US, remaining relatively stable compared to the previous year. Over the period from 2018 to 2021, exports grew by 18%, corresponding to a compound annual growth rate of 5.7%. The lowest value was recorded in 2019 at 10 599 K $ US, which also saw the largest decline of 8.8%. In contrast, the most substantial increase occurred in 2020, with a rise of 28.9%.

Annual dynamics of product's exports from Latvia in value, 2018-2021, K $ US

Between 2018 and 2021, Ireland, the United Kingdom, and Estonia dominated Latvia's export structure in value terms for bran, sharps, and residues from cereal or legume processing. Ireland led with 59.6% of exports in value, followed by the United Kingdom at 18.0%, and Estonia at 5.9%. Collectively, these three markets accounted for 83.5% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Latvia in value, 2018-2021

Imports bran, sharps and residues from cereal or legume processing to Latvia

Imports in kind, t

Latvia's imports of bran, sharps, and residues from cereal or legume processing increased for the third consecutive year. In 2021, imports totaled 49 467 t, reflecting a solid growth of 12.2% compared to the previous year. From 2018 to 2021, imports rose by 26%, equating to an annualized rate of 8.0%.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, t

During the period from 2018 to 2021, three key markets—Lithuania, Estonia, and Poland—collectively accounted for 87.1% of Latvia's total imports in kind of bran, sharps, and residues from cereal or legume processing.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Latvia in kind, 2018-2021

Imports in value, K $ US

Latvia's import volume of bran, sharps, and residues from cereal or legume processing increased for the second consecutive year in value terms. In 2021, imports reached 7 380 K $ US, showing a significant improvement of 42.7% compared to 2020. Over the span from 2018 to 2021, imports grew by 66.7%, which corresponds to an annualized rate of 18.6%. The lowest value was recorded in 2019 at 4 298 K $ US, a year that also experienced the largest decline of 2.9%.

Annual dynamics of product's imports to Latvia in value, 2018-2021, K $ US

From 2018 to 2021, Estonia, Lithuania, and Poland were the largest suppliers of bran, sharps, and residues from cereal or legume processing to Latvia in value terms. Estonia contributed 36.2% of imports in value, Lithuania 32.9%, and Poland 18.5%. Together, these three countries formed 87.6% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Latvia in value, 2018-2021