Price for Cereal Flours; Other than of Wheat or Meslin in Colombia - 2022

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Colombia (FOB) - 2022
2. Price for Cereal Flours; Other than of Wheat or Meslin in Colombia (CIF) - 2022
3. Exports of Cereal Flours; Other than of Wheat or Meslin in Colombia
4. Imports of Cereal Flours; Other than of Wheat or Meslin in Colombia

Price for Cereal Flours; Other than of Wheat or Meslin in Colombia (FOB) - 2022

The average export price for cereal flours; other than of wheat or meslin stood at $799 per ton in February 2022, with a decrease of -3.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2021 an increase of 6.3% m-o-m. The export price peaked at $827 per ton in January 2022, and then dropped slightly in the following month.

Average prices varied somewhat for the major foreign markets. In February 2022, the highest price was recorded for prices to the United States ($992 per ton) and Costa Rica ($952 per ton), while the average price for exports to Argentina ($694 per ton) and Peru ($748 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in Colombia (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $1,022 per ton in 2022, surging by 32% against the previous year. Over the period under review, the import price saw a modest increase. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 the United States ($2,754 per ton), while the price for Germany ($334 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cereal Flours; Other than of Wheat or Meslin in Colombia

For the fourth year in a row, Colombia recorded growth in overseas shipments of cereal flours; other than of wheat or meslin, which increased by 19% to 56K tons in 2022. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cereal flours; other than of wheat or meslin skyrocketed to $47M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Colombia in 2022:

1. Peru (17.0K tons)
2. Chile (15.2K tons)
3. Ecuador (9.6K tons)
4. United States (4.1K tons)
5. Argentina (2.9K tons)
6. Costa Rica (2.6K tons)
7. Panama (2.3K tons)

Imports of Cereal Flours; Other than of Wheat or Meslin in Colombia

In 2022, purchases abroad of cereal flours; other than of wheat or meslin decreased by -4% to 5.1K tons, falling for the second consecutive year after two years of growth. In general, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 29%. As a result, imports attained the peak of 7.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal flours; other than of wheat or meslin soared to $5.2M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +65.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Colombia in 2022:

1. Chile (2732.2 tons)
2. United States (836.1 tons)
3. Spain (714.1 tons)
4. Germany (362.4 tons)
5. Mexico (111.8 tons)
6. Italy (89.1 tons)

Source: IndexBox Market Intelligence Platform