Price for Cereal Flours; Other than of Wheat or Meslin in Belgium - 2023

Price for Cereal Flours; Other than of Wheat or Meslin in Belgium (CIF) - 2023

The average import price for cereal flours; other than of wheat or meslin stood at $793 per ton in October 2023, almost unchanged from the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 15% against the previous month. As a result, import price attained the peak level of $853 per ton. From February 2023 to October 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Kosovo ($1,156 per ton), while the price for Cote d'Ivoire ($536 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Sweden (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in Belgium (FOB) - 2023

In October 2023, the average export price for cereal flours; other than of wheat or meslin amounted to $1,120 per ton, rising by 42% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the United States ($1,447 per ton), while the average price for exports to Jordan ($799 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Flours; Other than of Wheat or Meslin in Belgium

In 2022, after three years of growth, there was decline in supplies from abroad of cereal flours; other than of wheat or meslin, when their volume decreased by -1% to 78K tons. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 14% against the previous year.

In value terms, imports of cereal flours; other than of wheat or meslin rose slightly to $51M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Import of Cereal Flours; Other than of Wheat or Meslin in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	10.8	12.6	14.4	12.5	5.0%
France	8.1	8.3	10.0	11.1	11.1%
Germany	5.2	6.6	8.5	8.4	17.3%
Latvia	N/A	0.5	3.1	4.3	193.3%
Sweden	1.1	1.4	1.4	2.5	31.5%
Italy	2.5	2.9	2.9	2.3	-2.7%
United Kingdom	0.5	0.8	1.8	2.3	66.3%
Poland	2.3	2.0	1.8	1.9	-6.2%
Finland	1.3	0.9	2.2	1.9	13.5%
Others	1.4	4.3	4.2	3.9	40.7%
Total	33.2	40.4	50.3	51.1	15.5%

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Belgium in 2022:

Netherlands (18.8K tons)
France (18.1K tons)
Germany (13.0K tons)
Latvia (6.0K tons)
Poland (4.7K tons)
United Kingdom (3.8K tons)
Sweden (3.6K tons)
Italy (3.2K tons)
Finland (2.2K tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in Belgium

In 2022, the amount of cereal flours; other than of wheat or meslin exported from Belgium rose to 63K tons, increasing by 2.2% compared with the previous year's figure. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 119% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of cereal flours; other than of wheat or meslin totaled $47M in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 102%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Cereal Flours; Other than of Wheat or Meslin in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	4.0	6.4	8.4	9.5	33.4%
Germany	1.6	6.4	8.5	9.2	79.2%
France	3.0	6.7	9.0	8.4	40.9%
Poland	1.1	5.2	4.4	5.1	66.7%
Denmark	2.0	1.8	2.8	2.7	10.5%
United Kingdom	1.2	2.0	2.1	2.2	22.4%
United States	1.3	2.3	1.0	2.0	15.4%
Spain	0.5	0.5	1.8	1.4	40.9%
Italy	0.6	0.6	0.8	0.9	14.5%
Finland	0.1	0.2	0.5	0.8	100.0%
Others	2.7	4.4	5.3	5.3	25.2%
Total	18.1	36.5	44.7	47.4	37.8%