Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Ireland - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Ireland (CIF) - 2023
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Ireland (FOB) - 2023
3. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Ireland
4. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Ireland

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Ireland (CIF) - 2023

In September 2023, the average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $382 per ton, declining by -15.3% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 76% m-o-m. As a result, import price reached the peak level of $708 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($473 per ton), while the price for France amounted to $379 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+0.3%).

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Ireland (FOB) - 2023

The average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $300 per ton in September 2023, shrinking by -11.9% against the previous month. Over the period under review, the export price showed a pronounced descent. The pace of growth was the most pronounced in January 2023 an increase of 1.5% month-to-month. As a result, the export price attained the peak level of $375 per ton. From February 2023 to September 2023, the the average export prices failed to regain momentum.

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

From December 2022 to September 2023, the rate of growth in terms of prices for the UK amounted to -0.6% per month.

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

In 2022, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses into Ireland soared to 84K tons, increasing by 43% against 2021. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +61.1% 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 skyrocketed to $31M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. France (77.6K tons)
2. United Kingdom (5.8K tons)

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

In 2022, shipments abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses decreased by -5.8% to 23K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of 24K tons, and then declined in the following year.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses contracted slightly to $8.6M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 77% against the previous year. As a result, the exports reached the peak of $8.7M, leveling off in the following year.

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

1. United Kingdom (22.9K tons)

Source: IndexBox Market Intelligence Platform