Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Mexico - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Mexico (CIF) - 2023
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Mexico (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Mexico
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Mexico

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Mexico (CIF) - 2023

In November 2023, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses amounted to $569 per ton, flattening at the previous month. Overall, the import price recorded a mild decrease. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 2.9% m-o-m. Over the period under review, average import prices hit record highs at $677 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From November 2022 to November 2023, the rate of growth in terms of prices for Canada amounted to -1.4% per month.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Mexico (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $1,400 per ton in 2022, with an increase of 16% against the previous year. Overall, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The export price peaked at $1,560 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($2,033 per ton), while the average price for exports to the United States totaled $1,398 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+4.1%).

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Mexico

In 2022, supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses decreased by -45.2% to 17K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, imports reached the peak of 32K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses reduced notably to $11M in 2022. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 25% against the previous year. As a result, imports reached the peak of $22M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats to Mexico in 2022:

1. Canada (16.6K tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Mexico

In 2022, approx. 2.5K tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses were exported from Mexico; picking up by 1.7% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 276% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses surged to $3.5M in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 267% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats from Mexico in 2022:

1. United States (2.5K tons)

Source: IndexBox Market Intelligence Platform