Price for Cereal Flours; Other than of Wheat or Meslin in the United States - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in the United States (CIF) - 2023
- Price for Cereal Flours; Other than of Wheat or Meslin in the United States (FOB) - 2023
- Imports of Cereal Flours; Other than of Wheat or Meslin in the United States
- Exports of Cereal Flours; Other than of Wheat or Meslin in the United States
Price for Cereal Flours; Other than of Wheat or Meslin in the United States (CIF) - 2023
The average import price for cereal flours; other than of wheat or meslin stood at $887 per ton in December 2023, shrinking by -3.9% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 12% against the previous month. The import price peaked at $1,008 per ton in September 2023; however, from October 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($1,506 per ton), while the price for Chile ($200 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Flours; Other than of Wheat or Meslin in the United States (FOB) - 2023
In December 2023, the average export price for cereal flours; other than of wheat or meslin amounted to $1,004 per ton, shrinking by -1.7% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 12% m-o-m. As a result, the export price reached the peak level of $1,104 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($1,137 per ton), while the average price for exports to Trinidad and Tobago ($715 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+2.3%), 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 the United States
In 2022, imports of cereal flours; other than of wheat or meslin into the United States rose to 292K tons, increasing by 4.4% on 2021. The total import volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. As a result, imports reached the peak of 297K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cereal flours; other than of wheat or meslin soared to $237M in 2022. The total import value increased at an average annual rate of +14.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flours; Other than of Wheat or Meslin in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 97.7 | 121 | 122 | 147 | 14.6% |
| Canada | 16.1 | 22.7 | 21.4 | 35.5 | 30.2% |
| Thailand | 11.9 | 12.7 | 12.8 | 14.0 | 5.6% |
| India | 8.8 | 10.0 | 8.9 | 13.1 | 14.2% |
| Italy | 11.3 | 10.0 | 6.8 | 7.1 | -14.4% |
| Others | 11.6 | 14.2 | 16.0 | 20.2 | 20.3% |
| Total | 157 | 191 | 188 | 237 | 14.7% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to the United States in 2022:
- Mexico (221.4K tons)
- Canada (27.5K tons)
- Thailand (12.5K tons)
- India (11.9K tons)
- Italy (4.7K tons)
Exports of Cereal Flours; Other than of Wheat or Meslin in the United States
In 2022, shipments abroad of cereal flours; other than of wheat or meslin decreased by -8.1% to 117K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 2.9% against the previous year. As a result, the exports reached the peak of 138K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereal flours; other than of wheat or meslin rose rapidly to $107M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Flours; Other than of Wheat or Meslin in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 36.4 | 42.2 | 44.5 | 49.3 | 10.6% |
| Mexico | 15.5 | 15.4 | 13.5 | 14.1 | -3.1% |
| Australia | 5.8 | 6.5 | 6.3 | 8.8 | 14.9% |
| Japan | 3.6 | 2.9 | 3.0 | 4.5 | 7.7% |
| Mozambique | 1.6 | 0.8 | 1.3 | 3.3 | 27.3% |
| Philippines | 3.2 | 2.4 | 2.7 | 2.9 | -3.2% |
| Dominican Republic | 2.6 | 2.0 | 1.9 | 2.6 | 0.0% |
| Trinidad and Tobago | 2.9 | 4.3 | 3.5 | 2.5 | -4.8% |
| Panama | 2.3 | 2.5 | 1.8 | 1.9 | -6.2% |
| Democratic Republic of the Congo | N/A | N/A | 1.5 | 1.7 | 13.3% |
| Argentina | 1.1 | 0.1 | 0.8 | 1.3 | 5.7% |
| Others | 16.0 | 14.0 | 13.5 | 14.2 | -3.9% |
| Total | 91.0 | 93.1 | 94.3 | 107 | 5.5% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from the United States in 2022:
- Canada (54.3K tons)
- Mexico (18.0K tons)
- Australia (10.2K tons)
- Japan (4.2K tons)
- Philippines (3.4K tons)
- Mozambique (3.0K tons)
- Trinidad and Tobago (2.9K tons)
- Democratic Republic of the Congo (2.6K tons)
- Dominican Republic (2.4K tons)
- Panama (1.9K tons)
- Argentina (1.8K tons)
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This report provides an in-depth analysis of the global cereal flour market.
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As of July 2023, the cost of Cereal Flour reached $975 per ton (CIF, US), showing a 2.2% increase compared to the previous month.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
