Price for Cereal Groats and Meal; of Wheat in Canada - 2024
Contents:
- Price for Cereal Groats and Meal; of Wheat in Canada (FOB) - 2024
- Price for Cereal Groats and Meal; of Wheat in Canada (CIF) - 2022
- Exports of Cereal Groats and Meal; of Wheat in Canada
- Imports of Cereal Groats and Meal; of Wheat in Canada
Price for Cereal Groats and Meal; of Wheat in Canada (FOB) - 2024
In September 2023, the average export price for cereal groats and meal; of wheats amounted to $891 per ton, approximately reflecting the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 5.7% m-o-m. As a result, the export price reached the peak level of $913 per ton. From July 2023 to September 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to September 2023, the rate of growth in terms of prices for the United States amounted to -0.2% per month.
Price for Cereal Groats and Meal; of Wheat in Canada (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of wheats amounted to $948 per ton, surging by 5.1% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of wheats increased by +76.5% against 2013 indices. The most prominent rate of growth was recorded in 2019 an increase of 30% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Morocco ($968 per ton) and the United States ($965 per ton), while the price for Mexico ($766 per ton) and Italy ($836 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats and Meal; of Wheat in Canada
In 2022, exports of cereal groats and meal; of wheats from Canada skyrocketed to 26K tons, growing by 16% compared with the previous year's figure. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 18%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cereal groats and meal; of wheats surged to $25M in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Wheat in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.6 | 14.8 | 15.5 | 25.0 | 29.2% |
| Others | 0.4 | 0.1 | 0.2 | 0.2 | -20.6% |
| Total | 12.0 | 14.9 | 15.8 | 25.2 | 28.1% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Canada in 2022:
- United States (25.6K tons)
Imports of Cereal Groats and Meal; of Wheat in Canada
In 2022, approx. 9.2K tons of cereal groats and meal; of wheats were imported into Canada; picking up by 23% compared with the previous year's figure. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cereal groats and meal; of wheats skyrocketed to $8.7M in 2022. The total import value increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.1 | 6.3 | 5.8 | 7.3 | 12.7% |
| Italy | 0.7 | 0.7 | 0.5 | 0.6 | -5.0% |
| Morocco | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Turkey | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Mexico | N/A | N/A | N/A | 0.1 | 0% |
| Benin | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.5 | 0.2 | 0.2 | 26.0% |
| Total | 6.2 | 7.8 | 6.7 | 8.7 | 12.0% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Canada in 2022:
- United States (7.5K tons)
- Italy (0.7K tons)
- Morocco (0.4K tons)
- Turkey (0.2K tons)
- Mexico (0.2K tons)
390
This report provides an in-depth analysis of the market for wheat and spelt groats in Canada.
432
This report provides an in-depth analysis of the durum wheat meals market in Canada.
385
This report provides an in-depth analysis of the non-wheat cereal pellets market in Canada.
502
This report provides an in-depth analysis of the non-wheat groats market in Canada.
338
This report provides an in-depth analysis of the wheat pellets market in Canada.
455
Global Wheat And Spelt Groats Market Report 2018. This report provides an in-depth analysis of the global market for wheat and spelt groats.
464
Global Durum Wheat Meals Market Report 2018. This report provides an in-depth analysis of the global durum wheat meals market.
870
This report provides an in-depth analysis of the global non-wheat cereal pellets market.
967
This report provides an in-depth analysis of the global non-wheat groats market.
510
Global Wheat Pellets Market Report 2018. This report provides an in-depth analysis of the global wheat pellets market.
Nothing found. Please try again.
