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

Contents:

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

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

In September 2023, the average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $789 per ton, declining by -25.7% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 63% m-o-m. As a result, import price attained the peak level of $1,061 per ton, and then dropped notably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($1,920 per ton), while the price for Latvia ($503 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Portugal (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $517 per ton in September 2023, remaining stable against the previous month. Over the period under review, the export price, however, recorded a slight descent. The pace of growth was the most pronounced in March 2023 when the average export price increased by 8.5% month-to-month. Over the period under review, the average export prices attained the peak figure at $630 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Portugal ($503 per ton), while the average price for exports to Greece totaled $74.0 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-1.8%).

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

In 2022, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses into Spain soared to 13K tons, growing by 23% on 2021. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 236%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses soared to $7.9M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 74% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

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

1. France (6.5K tons)
2. Portugal (3.7K tons)
3. Germany (1.3K tons)
4. Italy (0.7K tons)
5. Netherlands (0.2K tons)

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

In 2022, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses from Spain expanded slightly to 13K tons, surging by 3.9% on the previous year's figure. Overall, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 11%.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses skyrocketed to $6.6M in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Portugal (12.2K tons)

Source: IndexBox Market Intelligence Platform