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

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Saudi Arabia (FOB) - 2022
2. Exports of Cereal Flours; Other than of Wheat or Meslin in Saudi Arabia

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

In 2022, the average export price for cereal flours; other than of wheat or meslin amounted to $1,889 per ton, surging by 9.5% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal flours; other than of wheat or meslin decreased by -25.2% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 43%. The export price peaked at $2,525 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($2,094 per ton), while the average price for exports to Bahrain ($1,767 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 Oman (+4.8%), while the prices for the other major destinations experienced a decline.

Exports of Cereal Flours; Other than of Wheat or Meslin in Saudi Arabia

After three years of growth, shipments abroad of cereal flours; other than of wheat or meslin decreased by -22.5% to 140 tons in 2022. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, the exports reached the peak of 181 tons, and then contracted notably in the following year.

In value terms, exports of cereal flours; other than of wheat or meslin reduced markedly to $265K in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. As a result, the exports attained the peak of $312K, and then shrank dramatically in the following year.

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

1. United Arab Emirates (69.3 tons)
2. Jordan (43.4 tons)
3. Bahrain (27.5 tons)

Source: IndexBox Market Intelligence Platform