Price for Cereal Grains; Rolled or Flaked, of Oats in Spain - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Oats in Spain (CIF) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Oats in Spain (FOB) - 2023
3. Imports of Cereal Grains; Rolled or Flaked, of Oats in Spain
4. Exports of Cereal Grains; Rolled or Flaked, of Oats in Spain

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

The average import price for cereal grains; rolled or flaked, of oatses stood at $1,139 per ton in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Poland ($3,292 per ton), while the price for Portugal ($555 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Oats in Spain (FOB) - 2023

The average export price for cereal grains; rolled or flaked, of oatses stood at $806 per ton in September 2023, declining by -4% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 29% m-o-m. Over the period under review, the average export prices reached the peak figure at $899 per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the UK ($1,136 per ton), while the average price for exports to Israel ($688 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 Portugal (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth consecutive year, Spain recorded growth in overseas purchases of cereal grains; rolled or flaked, of oatses, which increased by 0.7% to 16K tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 52%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cereal grains; rolled or flaked, of oatses surged to $18M in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Germany (10.5K tons)
2. France (2.1K tons)
3. United Kingdom (1.5K tons)
4. Finland (0.7K tons)
5. Portugal (0.4K tons)

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

For the fourth year in a row, Spain recorded growth in shipments abroad of cereal grains; rolled or flaked, of oatses, which increased by 44% to 15K tons in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 120% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of cereal grains; rolled or flaked, of oatses soared to $12M in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 109%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. Portugal (4.5K tons)
2. France (3.0K tons)
3. Italy (2.9K tons)
4. Morocco (1.9K tons)
5. Germany (0.7K tons)
6. Austria (0.6K tons)
7. Kenya (0.3K tons)

Source: IndexBox Market Intelligence Platform