U.S. - Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCereal Price in the United States - 2023
Contents:
- Cereal Price in the United States (FOB) - 2022
- Cereal Price in the United States (CIF) - 2022
- Cereal Exports in the United States
- Cereal Imports in the United States
Cereal Price in the United States (FOB) - 2022
The average cereal export price stood at $348 per ton in 2022, picking up by 23% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal export price increased by +76.7% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Nigeria ($408 per ton) and the Philippines ($407 per ton), while the average price for exports to Canada ($304 per ton) and Guatemala ($328 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 South Korea (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Cereal Price in the United States (CIF) - 2022
In 2022, the average cereal import price amounted to $449 per ton, surging by 31% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal import price increased by +56.9% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($413 per ton) and Argentina ($402 per ton), while the price for Germany ($310 per ton) and Brazil ($381 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereal Exports in the United States
In 2022, shipments abroad of cereals decreased by -15.3% to 86M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.5% 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 2020 when exports increased by 18%.
In value terms, cereal exports rose to $30B in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Cereal in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 3.0 | 7.6 | 7.4 | 191.1% |
| Mexico | 4.0 | 3.8 | 6.4 | 6.9 | 19.9% |
| Japan | 2.7 | 2.6 | 3.9 | 4.0 | 14.0% |
| Canada | 0.6 | 0.5 | 0.9 | 1.5 | 35.7% |
| Colombia | 0.9 | 1.1 | 1.3 | 1.3 | 13.0% |
| South Korea | 0.7 | 0.9 | 1.4 | 1.0 | 12.6% |
| Philippines | 0.7 | 0.8 | 0.9 | 0.9 | 8.7% |
| Taiwan (Chinese) | 0.6 | 0.5 | 0.7 | 0.6 | 0.0% |
| Honduras | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Guatemala | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
| Nigeria | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Others | 4.0 | 3.9 | 4.5 | 5.0 | 7.7% |
| Total | 15.5 | 18.0 | 29.0 | 30.0 | 24.6% |
Top Export Markets for Cereal from the United States in 2022:
- China (22.2M tons)
- Mexico (20.2M tons)
- Japan (11.2M tons)
- Canada (5.1M tons)
- Colombia (3.8M tons)
- South Korea (2.6M tons)
- Philippines (2.3M tons)
- Taiwan (Chinese) (1.6M tons)
- Honduras (1.4M tons)
- Guatemala (1.4M tons)
- Nigeria (1.2M tons)
Cereal Imports in the United States
In 2022, after two years of decline, there was significant growth in purchases abroad of cereals, when their volume increased by 8.5% to 4.4M tons. Over the period under review, imports, however, recorded a perceptible shrinkage.
In value terms, cereal imports skyrocketed to $2B in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 948 | 978 | 1,005 | 1,513 | 16.9% |
| Argentina | 76.8 | 89.9 | 87.3 | 105 | 11.0% |
| Brazil | 94.5 | 14.5 | 37.1 | 47.8 | -20.3% |
| Germany | 35.3 | 13.9 | 18.1 | 34.8 | -0.5% |
| Others | 332 | 356 | 253 | 295 | -3.9% |
| Total | 1,486 | 1,452 | 1,400 | 1,996 | 10.3% |
Top Suppliers of Cereal to the United States in 2022:
- Canada (3668.1K tons)
- Argentina (261.6K tons)
- Brazil (125.7K tons)
- Germany (112.2K tons)
This report provides an in-depth analysis of the cereal market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 108 - Cereals, nes
- FCL 103 - Mixed grain
- FCL 92 - Quinoa
- FCL 15 - Wheat
- FCL 71 - Rye
- FCL 44 - Barley
- FCL 75 - Oats
- FCL 56 - Maize
- FCL 27 - Rice, paddy
- FCL 83 - Sorghum
- FCL 89 - Buckwheat
- FCL 101 - Canary seed
- FCL 94 - Fonio
- FCL 97 - Triticale
- FCL 79 - Millet
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the price of cereal was $354 per ton (FOB US) - a decrease of -4.4% compared to the previous month.
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Exports of Wheat significantly dropped to $381M in June 2023 in terms of value.
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In August 2022, the wheat price per ton stood at $409.0 (FOB, US), reducing by -4.5% against the previous month.
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In June 2022, the wheat price per ton stood at $449 per ton in June 2022, surging by 4.4% against the previous month.
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In Apr 2022, the wheat price per ton stood at $265 (FOB, US), increasing by 31% against the previous month.
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In September 2022, the grain price per ton stood at $355.6 (FOB, US), reducing by -3.5% against the previous month.
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