Price for Cereal Grains; Rolled or Flaked, of Oats in Belgium - 2023
Contents:
- Price for Cereal Grains; Rolled or Flaked, of Oats in Belgium (FOB) - 2023
- Price for Cereal Grains; Rolled or Flaked, of Oats in Belgium (CIF) - 2023
- Exports of Cereal Grains; Rolled or Flaked, of Oats in Belgium
- Imports of Cereal Grains; Rolled or Flaked, of Oats in Belgium
Price for Cereal Grains; Rolled or Flaked, of Oats in Belgium (FOB) - 2023
The average export price for cereal grains; rolled or flaked, of oatses stood at $778 per ton in September 2023, leveling off at the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 5.9% month-to-month. As a result, the export price attained the peak level of $849 per ton. From April 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($6,086 per ton), while the average price for exports to Turkey ($685 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Grains; Rolled or Flaked, of Oats in Belgium (CIF) - 2023
In September 2023, the average import price for cereal grains; rolled or flaked, of oatses amounted to $754 per ton, falling by -7.5% against the previous month. Overall, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in July 2023 when the average import price increased by 23% month-to-month. Over the period under review, average import prices hit record highs at $858 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, 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 Netherlands amounted to +3.3% per month.
Exports of Cereal Grains; Rolled or Flaked, of Oats in Belgium
In 2022, shipments abroad of cereal grains; rolled or flaked, of oatses decreased by -16.7% to 21K 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 +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 25%.
In value terms, exports of cereal grains; rolled or flaked, of oatses reduced to $15M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +51.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year.
| Export of Cereal Grains; Rolled or Flaked, of Oats in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.5 | 3.8 | 4.3 | 5.0 | 26.0% |
| France | 3.8 | 3.5 | 4.7 | 4.2 | 3.4% |
| Germany | 2.6 | 2.8 | 3.4 | 3.3 | 8.3% |
| United Kingdom | N/A | N/A | 2.1 | 1.0 | -52.4% |
| Spain | 0.2 | 0.4 | 0.3 | 0.2 | 0.0% |
| Turkey | N/A | 0.8 | 0.9 | 0.1 | -64.6% |
| Others | 0.6 | 1.3 | 0.6 | 0.8 | 10.1% |
| Total | 9.7 | 12.6 | 16.2 | 14.7 | 14.9% |
Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from Belgium in 2022:
- Netherlands (7.9K tons)
- France (7.0K tons)
- Germany (5.4K tons)
- United Kingdom (0.3K tons)
- Spain (0.3K tons)
- Turkey (0.2K tons)
Imports of Cereal Grains; Rolled or Flaked, of Oats in Belgium
In 2022, approx. 8.2K tons of cereal grains; rolled or flaked, of oatses were imported into Belgium; reducing by -2.5% on the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of 8.4K tons, and then dropped slightly in the following year.
In value terms, imports of cereal grains; rolled or flaked, of oatses declined to $7M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year.
| Import of Cereal Grains; Rolled or Flaked, of Oats in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.5 | 2.3 | 3.2 | 1.8 | -10.4% |
| Netherlands | 1.3 | 1.5 | 1.5 | 1.4 | 2.5% |
| Latvia | 1.3 | 1.7 | 1.6 | 1.4 | 2.5% |
| United Kingdom | 1.1 | 1.9 | 1.2 | 1.2 | 2.9% |
| France | 0.4 | 0.2 | 0.2 | 0.7 | 20.5% |
| Lithuania | 0.1 | 0.3 | 0.2 | 0.3 | 44.2% |
| Finland | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Total | 6.8 | 7.9 | 8.2 | 7.0 | 1.0% |
Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to Belgium in 2022:
- France (2.3K tons)
- Latvia (1.5K tons)
- Germany (1.5K tons)
- United Kingdom (1.3K tons)
- Netherlands (1.1K tons)
- Finland (0.2K tons)
- Lithuania (0.2K tons)
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