Price for Cereal Grains; Rolled or Flaked, of Oats in Colombia - 2022

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Oats in Colombia (CIF) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Oats in Colombia (FOB) - 2022
3. Imports of Cereal Grains; Rolled or Flaked, of Oats in Colombia
4. Exports of Cereal Grains; Rolled or Flaked, of Oats in Colombia

Price for Cereal Grains; Rolled or Flaked, of Oats in Colombia (CIF) - 2022

The average import price for cereal grains; rolled or flaked, of oatses stood at $705 per ton in February 2022, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2021 an increase of 2.8% month-to-month. Over the period under review, average import prices hit record highs at $708 per ton in January 2022, and then dropped slightly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,275 per ton), while the price for the UK ($690 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Oats in Colombia (FOB) - 2022

The average export price for cereal grains; rolled or flaked, of oatses stood at $2,664 per ton in 2022, with an increase of 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,158 per ton), while the average price for exports to Curacao ($1,405 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 Spain (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Rolled or Flaked, of Oats in Colombia

After three years of growth, purchases abroad of cereal grains; rolled or flaked, of oatses decreased by -27.8% to 25K tons in 2022. Overall, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year.

In value terms, imports of cereal grains; rolled or flaked, of oatses contracted rapidly to $16M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 60%.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to Colombia in 2022:

1. Chile (22.6K tons)
2. United Kingdom (2.1K tons)

Exports of Cereal Grains; Rolled or Flaked, of Oats in Colombia

After two years of decline, overseas shipments of cereal grains; rolled or flaked, of oatses increased by 108% to 37 tons in 2022. In general, exports, however, recorded a sharp decline.

In value terms, exports of cereal grains; rolled or flaked, of oatses skyrocketed to $97K in 2022. Over the period under review, exports, however, faced a significant contraction.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from Colombia in 2022:

1. Panama (18.8 tons)
2. Spain (9.8 tons)
3. Curacao (4.4 tons)
4. Venezuela (2.6 tons)
5. Aruba (0.6 tons)

Source: IndexBox Market Intelligence Platform