Price for Cereal Groats and Meal; of Wheat in Iran - 2022

Price for Cereal Groats and Meal; of Wheat in Iran (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of wheats amounted to $1,002 per ton, stabilizing at the previous year. Overall, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,230 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($1,475 per ton), while the average price for exports to Kuwait ($728 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+111.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in Iran (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $611 per ton in 2022, declining by -41.1% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 an increase of 63% against the previous year. The import price peaked at $1,283 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($634 per ton), while the price for Turkey amounted to $444 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-6.7%).

Exports of Cereal Groats and Meal; of Wheat in Iran

Exports of cereal groats and meal; of wheats from Iran skyrocketed to 13 tons in 2022, increasing by 727% compared with the previous year's figure. Over the period under review, exports, however, recorded a deep downturn.

In value terms, exports of cereal groats and meal; of wheats soared to $13K in 2022. In general, exports posted a resilient expansion.

Export of Cereal Groats and Meal; of Wheat in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Tunisia	N/A	N/A	N/A	5.3	0%
Kuwait	4.8	6.5	0.9	2.0	-25.3%
Norway	1.0	1.6	0.2	1.9	23.9%
Germany	N/A	0.1	N/A	1.4	274.2%
Netherlands	0.2	0.6	0.2	1.2	81.7%
Canada	0.2	1.1	N/A	0.6	44.2%
Austria	N/A	N/A	N/A	0.3	0%
Spain	N/A	1.0	N/A	N/A	0%
United Arab Emirates	N/A	32.4	0.2	N/A	-99.4%
Kyrgyzstan	4.0	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	10.4	43.4	1.5	12.7	6.9%

Top Export Markets for Cereal Groats and Meal; of Wheat from Iran in 2022:

Tunisia (5.2 tons)
Kuwait (2.7 tons)
Netherlands (1.4 tons)
Norway (1.3 tons)
Germany (1.1 tons)
Canada (0.5 tons)
Austria (0.3 tons)

Imports of Cereal Groats and Meal; of Wheat in Iran

For the third year in a row, Iran recorded decline in purchases abroad of cereal groats and meal; of wheats, which decreased by -65.6% to 2.7 tons in 2022. In general, imports recorded a precipitous descent. The smallest decline of -1.4% was in 2020.

In value terms, imports of cereal groats and meal; of wheats fell rapidly to $1.7K in 2022. Overall, imports showed a precipitous curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 60% against the previous year. As a result, imports attained the peak of $56K. From 2021 to 2022, the growth of imports of failed to regain momentum.