Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the United Arab Emirates - 2022

Contents:

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

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

In 2022, the average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $662 per ton, remaining constant against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2020 an increase of 108%. Over the period under review, average import prices reached the maximum at $1,491 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Belgium ($1,297 per ton), while the price for India ($563 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $982 per ton, rising by 86% against the previous year. Over the period under review, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($1,552 per ton), while the average price for exports to Kuwait ($782 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 Nigeria (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the United Arab Emirates

In 2022, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses into the United Arab Emirates soared to 654 tons, jumping by 26% on 2021. Over the period under review, imports, however, faced a sharp descent. The pace of growth appeared the most rapid in 2021 when imports increased by 31%.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses skyrocketed to $433K in 2022. In general, imports, however, showed a deep setback.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to the United Arab Emirates in 2022:

1. India (385.0 tons)
2. Kuwait (230.0 tons)
3. Netherlands (13.5 tons)
4. Belgium (12.2 tons)
5. Finland (11.4 tons)

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded decline in shipments abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses, which decreased by -86.3% to 296 tons in 2022. Over the period under review, exports recorded a sharp contraction. The smallest decline of -23.1% was in 2021.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses shrank significantly to $291K in 2022. Overall, exports continue to indicate a precipitous decrease. The smallest decline of -18.1% was in 2021.

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

1. Bahrain (155.1 tons)
2. Nigeria (65.8 tons)
3. Kuwait (40.1 tons)
4. Oman (29.8 tons)

Source: IndexBox Market Intelligence Platform