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

Contents:

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

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

In December 2022, the average import price for cereal grains; rolled or flaked, of oatses amounted to $1,556 per ton, which is down by -25.1% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 20% month-to-month. As a result, import price reached the peak level of $2,079 per ton, and then shrank rapidly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($2,178 per ton), while the price for Canada ($1,067 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cereal grains; rolled or flaked, of oatses amounted to $4,433 per ton, with an increase of 32% against the previous year. In general, the export price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 167%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($9,467 per ton), while the average price for exports to Canada ($2,464 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 Canada (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Rolled or Flaked, of Oats in South Korea

For the fourth consecutive year, South Korea recorded growth in overseas purchases of cereal grains; rolled or flaked, of oatses, which increased by 14% to 2.6K tons in 2022. In general, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 72%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of cereal grains; rolled or flaked, of oatses soared to $5.8M in 2022. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 64% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. United States (1828.4 tons)
2. Canada (569.1 tons)
3. Ireland (245.7 tons)

Exports of Cereal Grains; Rolled or Flaked, of Oats in South Korea

Exports of cereal grains; rolled or flaked, of oatses from South Korea surged to 7.3 tons in 2022, jumping by 80% against 2021 figures. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 365% against the previous year. As a result, the exports attained the peak of 29 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cereal grains; rolled or flaked, of oatses skyrocketed to $32K in 2022. In general, exports showed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 286%. As a result, the exports attained the peak of $90K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. United States (4.1 tons)
2. Malaysia (2.2 tons)
3. Canada (0.9 tons)

Source: IndexBox Market Intelligence Platform