Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Canada - 2024

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Canada (FOB) - 2024
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Canada (CIF) - 2022
3. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Canada
4. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Canada

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Canada (FOB) - 2024

In September 2023, the average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $400 per ton, with a decrease of -8.4% against the previous month. Over the period under review, export price indicated a temperate increase from January 2023 to September 2023: its price increased at an average monthly rate of +4.3% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses increased by +47.3% against March 2023 indices. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 36% m-o-m. As a result, the export price reached the peak level of $436 per ton, and then dropped in the following month.

As there is only one major export destination, the average price level is determined by prices for the United States.

From January 2023 to September 2023, the rate of growth in terms of prices for the United States amounted to +4.2% per month.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Canada (CIF) - 2022

In 2022, the average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $594 per ton, which is down by -43% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 196%. The import price peaked at $5,762 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bolivia ($2,604 per ton), while the price for the UK ($486 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (-1.1%), while the prices for the other major suppliers experienced a decline.

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Canada

For the fourth consecutive year, Canada recorded growth in shipments abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses, which increased by 42% to 43K tons in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses skyrocketed to $13M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Canada in 2022:

1. United States (42.2K tons)

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Canada

In 2022, approx. 5.3K tons of cereal grains; rolled or flaked, of cereals excluding barley and oatses were imported into Canada; picking up by 46% on the year before. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses reduced dramatically to $3.1M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.8% 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 +21.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of $3.8M, and then reduced notably in the following year.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Canada in 2022:

1. United States (4.6K tons)
2. India (0.4K tons)

Source: IndexBox Market Intelligence Platform