Cereals; Rye, Seed Price in Portugal - 2023
Contents:
- Cereals; Rye, Seed Price in Portugal (CIF) - 2022
- Cereals; Rye, Seed Price in Portugal (FOB) - 2022
- Cereals; Rye, Seed Imports in Portugal
- Cereals; Rye, Seed Exports in Portugal
Cereals; Rye, Seed Price in Portugal (CIF) - 2022
In 2022, the average cereals; rye, seed import price amounted to $237 per ton, dropping by -21.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 27%. Over the period under review, average import prices attained the peak figure at $301 per ton in 2021, and then contracted markedly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -0.1% per year.
Cereals; Rye, Seed Price in Portugal (FOB) - 2022
In 2022, the average cereals; rye, seed export price amounted to $675 per ton, falling by -48% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 94% against the previous year. Over the period under review, the average export prices hit record highs at $3,227 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($1,423 per ton), while the average price for exports to the Netherlands stood at $575 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+72.5%).
Cereals; Rye, Seed Imports in Portugal
In 2022, the amount of cereals; rye, seeds imported into Portugal stood at 1.8K tons, picking up by 1.6% against the previous year's figure. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 7,188%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, cereals; rye, seed imports fell markedly to $420K in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 8,743%. As a result, imports reached the peak of $526K, and then declined notably in the following year.
| Import of Cereals; Rye, Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 103 | 5.9 | 526 | 409 | 58.4% |
| Others | 14.7 | N/A | N/A | 11.1 | -8.9% |
| Total | 118 | 5.9 | 526 | 420 | 52.7% |
Top Suppliers of Cereals; Rye, Seed to Portugal in 2022:
- Spain (1756.8 tons)
Cereals; Rye, Seed Exports in Portugal
Cereals; rye, seed exports from Portugal surged to 25 tons in 2022, growing by 6,438% against 2021 figures. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 7,269%. As a result, the exports attained the peak of 50 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; rye, seed exports surged to $17K in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 13,766%. As a result, the exports attained the peak of $34K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Rye, Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 12.9 | 0% |
| Spain | N/A | 33.8 | 0.5 | 4.3 | -64.3% |
| Denmark | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.2 | 33.8 | 0.5 | 17.2 | 341.4% |
Top Export Markets for Cereals; Rye, Seed from Portugal in 2022:
- Netherlands (22.4 tons)
- Spain (3.0 tons)
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In 2020, the global rye imports rose by 54% y-o-y, owing primarily to the increased supplies to Germany. Over the last year, this country ramped up its imports nearly twofold, from 484 tons to 902 tons, and remains the major rye importer worldwide. Near 87% of imported rye came to Germany from Poland, the leading global exporter.
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