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

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Israel (CIF) - 2022
2. Price for Cereal Flours; Other than of Wheat or Meslin in Israel (FOB) - 2022
3. Imports of Cereal Flours; Other than of Wheat or Meslin in Israel
4. Exports of Cereal Flours; Other than of Wheat or Meslin in Israel

Price for Cereal Flours; Other than of Wheat or Meslin in Israel (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $957 per ton in 2022, with a decrease of -4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 15% against the previous year. The import price peaked at $1,002 per ton in 2021, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($1,007 per ton) and Djibouti ($1,007 per ton), while the price for Turkey ($813 per ton) and Ukraine ($844 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.2%), 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 Israel (FOB) - 2022

In 2022, the average export price for cereal flours; other than of wheat or meslin amounted to $1,293 per ton, picking up by 49% against the previous year. Overall, the export price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2017 an increase of 116% against the previous year. The export price peaked at $2,036 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,601 per ton), while the average price for exports to Belgium ($618 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 the United States (+1.3%), while the prices for the other major destinations experienced a decline.

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

After three years of growth, purchases abroad of cereal flours; other than of wheat or meslin decreased by -25.4% to 7.5K tons in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 94%. As a result, imports attained the peak of 10K tons, and then reduced remarkably in the following year.

In value terms, imports of cereal flours; other than of wheat or meslin dropped markedly to $7.2M in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 118%. As a result, imports reached the peak of $10M, and then contracted remarkably in the following year.

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

1. Italy (1973.2 tons)
2. Kenya (1657.8 tons)
3. Djibouti (1169.4 tons)
4. Germany (550.0 tons)
5. Thailand (309.0 tons)
6. Belgium (260.1 tons)
7. United States (217.0 tons)
8. Ireland (178.7 tons)
9. Ethiopia (163.8 tons)
10. Turkey (135.2 tons)
11. France (88.0 tons)
12. Ukraine (81.7 tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of cereal flours; other than of wheat or meslin, when their volume decreased by -44.7% to 43 tons. Over the period under review, exports recorded a noticeable descent. The pace of growth appeared the most rapid in 2020 with an increase of 45%.

In value terms, exports of cereal flours; other than of wheat or meslin contracted sharply to $56K in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 55%.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Israel in 2022:

1. United States (39.2 tons)
2. United Kingdom (2.5 tons)
3. Belgium (1.6 tons)

Source: IndexBox Market Intelligence Platform