Price for Cereal Groats and Meal; of Wheat in Ireland - 2023

Contents:

  1. Price for Cereal Groats and Meal; of Wheat in Ireland (CIF) - 2022
  2. Price for Cereal Groats and Meal; of Wheat in Ireland (FOB) - 2022
  3. Imports of Cereal Groats and Meal; of Wheat in Ireland
  4. Exports of Cereal Groats and Meal; of Wheat in Ireland

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

The average import price for cereal groats and meal; of wheats stood at $1,178 per ton in 2022, dropping by -1.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 31% against the previous year. The import price peaked at $1,328 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,420 per ton), while the price for the UK ($940 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cereal groats and meal; of wheats stood at $1,044 per ton in 2022, waning by -13.8% against the previous year. In general, the export price, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 200% against the previous year. The export price peaked at $1,210 per ton in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +10.9% per year.

Imports of Cereal Groats and Meal; of Wheat in Ireland

In 2022, supplies from abroad of cereal groats and meal; of wheats decreased by -34.3% to 388 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a mild slump. The pace of growth appeared the most rapid in 2020 when imports increased by 63%. As a result, imports reached the peak of 665 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cereal groats and meal; of wheats contracted sharply to $457K in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 113%. As a result, imports reached the peak of $767K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cereal Groats and Meal; of Wheat in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands221692525210-1.7%
France21.110.260.475.753.1%
United Kingdom10946.797.764.9-15.9%
ItalyN/A7.98.063.5183.5%
Poland1.93.57.211.984.3%
BelgiumN/AN/AN/A11.00%
Lithuania0.80.82.98.3118.1%
Others5.65.77.211.426.7%
Total3597677084578.4%

Top Suppliers of Cereal Groats and Meal; of Wheat to Ireland in 2022:

  1. Netherlands (147.8 tons)
  2. France (77.3 tons)
  3. United Kingdom (69.1 tons)
  4. Italy (49.5 tons)
  5. Belgium (11.5 tons)
  6. Poland (10.9 tons)
  7. Lithuania (8.5 tons)

Exports of Cereal Groats and Meal; of Wheat in Ireland

For the third year in a row, Ireland recorded decline in overseas shipments of cereal groats and meal; of wheats, which decreased by -99.4% to 3.8 tons in 2022. Overall, exports showed a precipitous shrinkage. The smallest decline of -54.3% was in 2021.

In value terms, exports of cereal groats and meal; of wheats dropped dramatically to $4K in 2022. In general, exports continue to indicate a dramatic shrinkage. The smallest decline of -23.3% was in 2021.

Export of Cereal Groats and Meal; of Wheat in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom3.31.00.8N/A-50.8%
Others0.1N/AN/AN/A0%
Total3.41.00.8N/A-51.5%

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

  1. United Kingdom (3.8 tons)

Source: IndexBox Market Intelligence Platform

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