Cereals; Barley, Seed Price in Spain - 2023
Contents:
- Cereals; Barley, Seed Price in Spain (FOB) - 2022
- Cereals; Barley, Seed Price in Spain (CIF) - 2023
- Cereals; Barley, Seed Exports in Spain
- Cereals; Barley, Seed Imports in Spain
Cereals; Barley, Seed Price in Spain (FOB) - 2022
In 2022, the average cereals; barley, seed export price amounted to $256 per ton, waning by -3.6% against the previous year. In general, the export price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 an increase of 34%. As a result, the export price reached the peak level of $569 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($1,136 per ton), while the average price for exports to Malta ($178 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 Morocco (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Barley, Seed Price in Spain (CIF) - 2023
In July 2023, the average cereals; barley, seed import price amounted to $266 per ton, dropping by -6.5% against the previous month. Overall, the import price saw a sharp setback. The most prominent rate of growth was recorded in February 2023 an increase of 5.1% m-o-m. The import price peaked at $7,156 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($8,659 per ton), while the price for Portugal ($266 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sweden (0.0%), while the prices for the other major suppliers experienced a decline.
Cereals; Barley, Seed Exports in Spain
In 2022, overseas shipments of cereals; barley, seeds decreased by -15.2% to 15K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 120%.
In value terms, cereals; barley, seed exports declined rapidly to $4M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $4.9M, and then dropped sharply in the following year.
| Export of Cereals; Barley, Seed in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malta | 0.4 | N/A | N/A | 2.0 | 71.0% |
| Portugal | 1.3 | 2.3 | 4.7 | 1.2 | -2.6% |
| Tanzania | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.5 | 0.8 | 0.2 | 0.3 | -15.7% |
| Total | 2.3 | 3.1 | 4.9 | 4.0 | 20.3% |
Top Export Markets for Cereals; Barley, Seed from Spain in 2022:
- Malta (11.3K tons)
- Portugal (3.2K tons)
- Tanzania (0.5K tons)
Cereals; Barley, Seed Imports in Spain
Cereals; barley, seed imports into Spain shrank notably to 7.7K tons in 2022, falling by -41.5% compared with the previous year. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 444% against the previous year. As a result, imports reached the peak of 13K tons, and then declined notably in the following year.
In value terms, cereals; barley, seed imports contracted sharply to $2.7M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 517%. As a result, imports attained the peak of $4.6M, and then declined notably in the following year.
| Import of Cereals; Barley, Seed in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 340 | 271 | 503 | 973 | 42.0% |
| France | 349 | 431 | 1,733 | 771 | 30.2% |
| Sweden | 100 | N/A | 2,260 | 590 | 80.7% |
| United Kingdom | 713 | N/A | 0.3 | 311 | -24.2% |
| Others | 34.8 | 44.5 | 109 | 31.5 | -3.3% |
| Total | 1,537 | 746 | 4,606 | 2,676 | 20.3% |
Top Suppliers of Cereals; Barley, Seed to Spain in 2022:
- Portugal (2.5K tons)
- France (1.9K tons)
- United Kingdom (1.6K tons)
- Sweden (1.6K tons)
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