Cereals; Rye, Seed Price in the UK - 2023
Contents:
- Cereals; Rye, Seed Price in the UK (CIF) - 2022
- Cereals; Rye, Seed Price in the UK (FOB) - 2022
- Cereals; Rye, Seed Imports in the UK
- Cereals; Rye, Seed Exports in the UK
Cereals; Rye, Seed Price in the UK (CIF) - 2022
The average cereals; rye, seed import price stood at $1,221 per ton in 2022, which is down by -13.4% against the previous year. Overall, the import price recorded a slight decline. The growth pace was the most rapid in 2018 when the average import price increased by 58%. Over the period under review, average import prices reached the peak figure at $1,453 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($7,582 per ton), while the price for Lithuania ($427 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+20.6%), while the prices for the other major suppliers experienced a decline.
Cereals; Rye, Seed Price in the UK (FOB) - 2022
The average cereals; rye, seed export price stood at $1,100 per ton in 2022, surging by 17% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2018 an increase of 33% against the previous year. The export price peaked at $1,335 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($1,292 per ton) and Denmark ($1,292 per ton), while the average price for exports to Germany ($909 per ton) and Ireland ($1,146 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 Denmark (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.
Cereals; Rye, Seed Imports in the UK
In 2022, purchases abroad of cereals; rye, seeds decreased by -28.4% to 2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 226%. As a result, imports reached the peak of 2.8K tons, and then shrank significantly in the following year.
In value terms, cereals; rye, seed imports reduced remarkably to $2.5M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 360% against the previous year. As a result, imports reached the peak of $4M, and then dropped sharply in the following year.
| Import of Cereals; Rye, Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 553 | 479 | 2,003 | 2,165 | 57.6% |
| Denmark | 22.6 | 42.8 | 130 | 140 | 83.7% |
| Austria | 79.7 | 178 | 59.3 | 78.5 | -0.5% |
| Poland | 56.7 | 110 | 14.2 | 42.1 | -9.4% |
| Lithuania | 14.6 | 20.1 | 12.3 | 13.3 | -3.1% |
| Ireland | 14.8 | 8.7 | 1.2 | 5.7 | -27.2% |
| Others | 7.1 | 22.7 | 1,744 | 12.8 | 21.7% |
| Total | 749 | 861 | 3,964 | 2,458 | 48.6% |
Top Suppliers of Cereals; Rye, Seed to the UK in 2022:
- Germany (1697.9 tons)
- Austria (114.2 tons)
- Poland (94.2 tons)
- Lithuania (31.2 tons)
- Ireland (27.8 tons)
- Denmark (18.5 tons)
Cereals; Rye, Seed Exports in the UK
In 2022, approx. 41 tons of cereals; rye, seeds were exported from the UK; which is down by -2.6% against the previous year's figure. Overall, exports continue to indicate a significant decline.
In value terms, cereals; rye, seed exports expanded markedly to $45K in 2022. Over the period under review, exports faced a precipitous contraction.
| Export of Cereals; Rye, Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 73.2 | 18.2 | 25.3 | 29.3 | -26.3% |
| Germany | 67.1 | 19.8 | 3.2 | 9.7 | -47.5% |
| Netherlands | 0.2 | 4.9 | 2.2 | 2.5 | 132.1% |
| Denmark | 9.6 | 4.5 | 1.9 | 2.1 | -39.7% |
| Kenya | 7.5 | 2.7 | 0.6 | 1.3 | -44.2% |
| Switzerland | 27.6 | N/A | N/A | N/A | 0% |
| Others | 133 | 0.6 | 6.1 | 0.1 | -90.9% |
| Total | 318 | 50.7 | 39.4 | 45.0 | -47.9% |
Top Export Markets for Cereals; Rye, Seed from the UK in 2022:
- Ireland (25.6 tons)
- Germany (10.7 tons)
- Netherlands (1.9 tons)
- Denmark (1.6 tons)
- Kenya (1.0 tons)
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