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

Contents:

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

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

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $829 per ton in December 2023, rising by 51% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $893 per ton in June 2023; however, from July 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was the Netherlands ($889 per ton), while the average price for exports to India stood at $573 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses amounted to $2,768 per ton, picking up by 34% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 75% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain 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 Sweden ($17,748 per ton), while the price for the Netherlands ($1,356 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After three years of growth, shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses decreased by -12.3% to 8.8K tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 124% against the previous year. As a result, the exports reached the peak of 10K tons, and then declined in the following year.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses declined markedly to $5M in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 145% against the previous year. As a result, the exports reached the peak of $6.5M, and then fell dramatically in the following year.

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

1. Netherlands (6.7K tons)
2. Algeria (0.4K tons)
3. South Africa (0.3K tons)
4. Poland (0.2K tons)
5. Ireland (0.2K tons)
6. Spain (0.1K tons)

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

In 2022, supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses decreased by -67% to 25 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2020 with an increase of 10%. As a result, imports reached the peak of 146 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 contracted sharply to $70K in 2022. Overall, imports saw a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. As a result, imports attained the peak of $172K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Ireland (20.7 tons)
2. United States (1.8 tons)
3. Netherlands (1.7 tons)
4. Sweden (0.9 tons)

Source: IndexBox Market Intelligence Platform