Cereals; Barley, Seed Price in Portugal - 2023
Contents:
- Cereals; Barley, Seed Price in Portugal (FOB) - 2023
- Cereals; Barley, Seed Price in Portugal (CIF) - 2022
- Cereals; Barley, Seed Exports in Portugal
- Cereals; Barley, Seed Imports in Portugal
Cereals; Barley, Seed Price in Portugal (FOB) - 2023
In July 2023, the average cereals; barley, seed export price amounted to $302 per ton, stabilizing at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in April 2023 an increase of 19% m-o-m. As a result, the export price attained the peak level of $364 per ton. From May 2023 to July 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From July 2022 to July 2023, the rate of growth in terms of prices for Spain amounted to +2.0% per month.
Cereals; Barley, Seed Price in Portugal (CIF) - 2022
In 2022, the average cereals; barley, seed import price amounted to $534 per ton, reducing by -6.6% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; barley, seed import price increased by +111.7% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of 47%. Over the period under review, average import prices attained the peak figure at $572 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,311 per ton), while the price for Spain ($390 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+27.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Cereals; Barley, Seed Exports in Portugal
In 2022, cereals; barley, seed exports from Portugal dropped sharply to 1.3K tons, with a decrease of -40.2% compared with the previous year. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 408% against the previous year. As a result, the exports reached the peak of 2.1K tons, and then shrank sharply in the following year.
In value terms, cereals; barley, seed exports contracted dramatically to $364K in 2022. Over the period under review, exports, however, showed a noticeable expansion. The pace of growth was the most pronounced in 2021 with an increase of 531%. As a result, the exports reached the peak of $629K, and then reduced notably in the following year.
| Export of Cereals; Barley, Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 292 | 99.6 | 596 | 363 | 7.5% |
| Hungary | N/A | N/A | 31.6 | 1.2 | -96.2% |
| Others | 49.4 | N/A | 1.6 | 0.3 | -81.8% |
| Total | 342 | 99.6 | 629 | 364 | 2.1% |
Top Export Markets for Cereals; Barley, Seed from Portugal in 2022:
- Spain (1247.2 tons)
- Hungary (5.8 tons)
Cereals; Barley, Seed Imports in Portugal
In 2022, approx. 495 tons of cereals; barley, seeds were imported into Portugal; declining by -10% on the previous year's figure. Overall, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year.
In value terms, cereals; barley, seed imports shrank remarkably to $264K in 2022. Over the period under review, imports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 47%.
| Import of Cereals; Barley, Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,743 | 209 | 304 | 146 | -56.2% |
| Poland | N/A | N/A | N/A | 80.7 | 0% |
| France | 204 | N/A | N/A | 34.5 | -44.7% |
| Others | 31.5 | 4.7 | 9.5 | 2.9 | -54.8% |
| Total | 1,978 | 214 | 314 | 264 | -48.9% |
Top Suppliers of Cereals; Barley, Seed to Portugal in 2022:
- Spain (374.5 tons)
- Poland (61.6 tons)
- France (57.3 tons)
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