Price for Cereal Groats and Meal; of Wheat in Colombia - 2022
Contents:
- Price for Cereal Groats and Meal; of Wheat in Colombia (CIF) - 2022
- Price for Cereal Groats and Meal; of Wheat in Colombia (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Colombia
- Exports of Cereal Groats and Meal; of Wheat in Colombia
Price for Cereal Groats and Meal; of Wheat in Colombia (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $717 per ton in 2022, with an increase of 25% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,190 per ton), while the price for Mexico stood at $603 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.2%).
Price for Cereal Groats and Meal; of Wheat in Colombia (FOB) - 2022
The average export price for cereal groats and meal; of wheats stood at $167 per ton in 2022, shrinking by -32.6% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2015 an increase of 17% against the previous year. As a result, the export price attained the peak level of $656 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($237 per ton), while the average price for exports to Panama stood at $148 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-8.3%).
Imports of Cereal Groats and Meal; of Wheat in Colombia
Imports of cereal groats and meal; of wheats into Colombia shrank slightly to 498 tons in 2022, remaining relatively unchanged against the previous year's figure. In general, imports continue to indicate a abrupt shrinkage.
In value terms, imports of cereal groats and meal; of wheats soared to $357K in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; 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 Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 252 | 210 | 218 | 279 | 3.5% |
| Italy | 19.5 | 33.2 | 30.2 | 20.9 | 2.3% |
| Others | 30.6 | 30.7 | 39.1 | 57.4 | 23.3% |
| Total | 302 | 274 | 287 | 357 | 5.7% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Colombia in 2022:
- Mexico (462.6 tons)
- Italy (17.5 tons)
Exports of Cereal Groats and Meal; of Wheat in Colombia
For the fourth year in a row, Colombia recorded growth in overseas shipments of cereal groats and meal; of wheats, which increased by 188% to 22 tons in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of wheats skyrocketed to $3.6K in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Cereal Groats and Meal; of Wheat in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | N/A | N/A | N/A | 2.5 | 0% |
| United States | 0.5 | 1.0 | 1.9 | 1.1 | 30.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | 1.0 | 1.9 | 3.6 | 93.1% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Colombia in 2022:
- Panama (16.9 tons)
- United States (4.8 tons)
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