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

Contents:

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

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

In 2021, the average export price for cereal grains; rolled or flaked, of oatses amounted to $2,725 per ton, declining by -2.1% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for cereal grains; rolled or flaked, of oatses decreased by -20.4% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $3,423 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($3,845 per ton), while the average price for exports to Yemen ($1,752 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cereal grains; rolled or flaked, of oatses stood at $2,287 per ton in 2021, stabilizing at the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12%. Over the period under review, average import prices hit record highs at $2,571 per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($2,559 per ton), while the price for the United Arab Emirates amounted to $1,902 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cereal Grains; Rolled or Flaked, of Oats in Saudi Arabia

In 2022, exports of cereal grains; rolled or flaked, of oatses from Saudi Arabia amounted to 157 tons, surging by 1.5% against the year before. Over the period under review, exports, however, recorded a pronounced setback. The growth pace was the most rapid in 2020 with an increase of 1.7% against the previous year. As a result, the exports reached the peak of 178 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cereal grains; rolled or flaked, of oatses contracted notably to $284K in 2022. Overall, exports, however, continue to indicate a deep reduction. The smallest decline of -5.1% was in 2020.

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

1. United Arab Emirates (75.0 tons)
2. Kuwait (40.2 tons)
3. Bahrain (18.3 tons)
4. Yemen (11.1 tons)
5. Oman (8.6 tons)
6. Sudan (1.5 tons)

Imports of Cereal Grains; Rolled or Flaked, of Oats in Saudi Arabia

For the third year in a row, Saudi Arabia recorded growth in overseas purchases of cereal grains; rolled or flaked, of oatses, which increased by 16% to 11K tons in 2021. In general, total imports indicated a significant expansion from 2019 to 2021: its volume increased at an average annual rate of +21.2% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, imports of cereal grains; rolled or flaked, of oatses surged to $26M in 2021. Overall, total imports indicated a significant expansion from 2019 to 2021: its value increased at an average annual rate of +27.9% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

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

1. United Kingdom (6.2K tons)
2. United Arab Emirates (4.5K tons)

Source: IndexBox Market Intelligence Platform