Price for Cereal Groats and Meal; of Wheat in Israel - 2024
Contents:
- Price for Cereal Groats and Meal; of Wheat in Israel (CIF) - 2024
- Price for Cereal Groats and Meal; of Wheat in Israel (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Israel
- Exports of Cereal Groats and Meal; of Wheat in Israel
Price for Cereal Groats and Meal; of Wheat in Israel (CIF) - 2024
In August 2023, the average import price for cereal groats and meal; of wheats amounted to $839 per ton, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 4.5% against the previous month. Over the period under review, average import prices hit record highs at $839 per ton in July 2023, and then declined slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Russia ($839 per ton), while the price for Italy totaled $839 per ton.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Russia (+0.6%).
Price for Cereal Groats and Meal; of Wheat in Israel (FOB) - 2022
The average export price for cereal groats and meal; of wheats stood at $1,531 per ton in 2022, declining by -8.3% against the previous year. Overall, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 189%. The export price peaked at $1,668 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,685 per ton), while the average price for exports to Palestine stood at $789 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.3%).
Imports of Cereal Groats and Meal; of Wheat in Israel
In 2022, the amount of cereal groats and meal; of wheats imported into Israel contracted to 3K tons, declining by -9.7% on 2021 figures. Over the period under review, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of 3.3K tons, and then declined in the following year.
In value terms, imports of cereal groats and meal; of wheats skyrocketed to $2.3M in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Cereal Groats and Meal; of Wheat in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,028 | 962 | 1,685 | 2,101 | 26.9% |
| Russia | 88.0 | 80.0 | 74.0 | 173 | 25.3% |
| Ukraine | 33.0 | 33.0 | 97.0 | 31.0 | -2.1% |
| Others | 4.0 | 17.0 | 12.0 | 30.0 | 95.7% |
| Total | 1,153 | 1,092 | 1,868 | 2,335 | 26.5% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Israel in 2022:
- Italy (2663.8 tons)
- Russia (219.3 tons)
- Ukraine (39.3 tons)
Exports of Cereal Groats and Meal; of Wheat in Israel
In 2022, exports of cereal groats and meal; of wheats from Israel surged to 1.5K tons, growing by 26% compared with the previous year's figure. Overall, exports showed a relatively flat trend pattern.
In value terms, exports of cereal groats and meal; of wheats soared to $2.3M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.2% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 60%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Cereal Groats and Meal; of Wheat in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,291 | 2,087 | 1,917 | 2,044 | 16.6% |
| Palestine | 57.4 | 88.0 | 33.9 | 209 | 53.8% |
| Others | 17.2 | 13.3 | 12.9 | 16.3 | -1.8% |
| Total | 1,365 | 2,189 | 1,964 | 2,269 | 18.5% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Israel in 2022:
- United States (1212.9 tons)
- Palestine (264.7 tons)
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