Price for Cereal Groats and Meal; of Wheat in Malaysia - 2024

Contents:

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

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

The average import price for cereal groats and meal; of wheats stood at $417 per ton in 2022, surging by 22% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +85.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($463 per ton) and Canada ($461 per ton), while the price for India ($340 per ton) and Australia ($410 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cereal groats and meal; of wheats amounted to $583 per ton, surging by 6.5% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 an increase of 9.5%. Over the period under review, the average export prices hit record highs at $1,502 per ton in 2013; however, from 2014 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 Qatar ($1,588 per ton), while the average price for exports to Thailand ($318 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 Qatar (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Groats and Meal; of Wheat in Malaysia

In 2022, approx. 193K tons of cereal groats and meal; of wheats were imported into Malaysia; remaining constant against the previous year's figure. Overall, imports saw a abrupt curtailment.

In value terms, imports of cereal groats and meal; of wheats soared to $81M in 2022. The total import value increased at an average annual rate of +9.4% over the period 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.

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

1. Australia (147.8K tons)
2. United States (28.7K tons)
3. India (9.2K tons)
4. Canada (7.5K tons)

Exports of Cereal Groats and Meal; of Wheat in Malaysia

After two years of decline, shipments abroad of cereal groats and meal; of wheats increased by 0.8% to 3.7K tons in 2022. Overall, exports, however, recorded a deep slump.

In value terms, exports of cereal groats and meal; of wheats rose markedly to $2.1M in 2022. In general, exports, however, continue to indicate a deep slump.

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

1. Singapore (3610.8 tons)
2. Qatar (53.1 tons)
3. Thailand (12.4 tons)

Source: IndexBox Market Intelligence Platform