Price for Cereal Groats and Meal; of Wheat in Mexico - 2023
Contents:
- Price for Cereal Groats and Meal; of Wheat in Mexico (FOB) - 2023
- Price for Cereal Groats and Meal; of Wheat in Mexico (CIF) - 2022
- Exports of Cereal Groats and Meal; of Wheat in Mexico
- Imports of Cereal Groats and Meal; of Wheat in Mexico
Price for Cereal Groats and Meal; of Wheat in Mexico (FOB) - 2023
In August 2023, the average export price for cereal groats and meal; of wheats amounted to $714 per ton, which is down by -9.6% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $790 per ton in July 2023, and then contracted in the following month.
Average prices varied noticeably for the major foreign markets. In August 2023, the country with the highest price was Jamaica ($782 per ton), while the average price for exports to Panama totaled $674 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-0.9%).
Price for Cereal Groats and Meal; of Wheat in Mexico (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $1,187 per ton in 2022, jumping by 52% against the previous year. In general, the import price enjoyed a perceptible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,371 per ton), while the price for the United States totaled $1,135 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%).
Exports of Cereal Groats and Meal; of Wheat in Mexico
In 2022, the amount of cereal groats and meal; of wheats exported from Mexico soared to 11K tons, increasing by 140% against the previous year's figure. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 499% against the previous year. As a result, the exports attained the peak of 28K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereal groats and meal; of wheats skyrocketed to $7.3M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 590% against the previous year. As a result, the exports reached the peak of $14M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereal Groats and Meal; of Wheat in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 1.8 | 2.1 | 0.6 | 5.4 | 44.2% |
| Haiti | N/A | N/A | 0.6 | 1.1 | 83.3% |
| Jamaica | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Philippines | N/A | N/A | N/A | 0.4 | 0% |
| United States | N/A | 12.1 | 0.8 | N/A | -93.4% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 2.1 | 14.2 | 2.1 | 7.3 | 51.5% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Mexico in 2022:
- Panama (7.9K tons)
- Haiti (1.8K tons)
- Philippines (0.7K tons)
- Jamaica (0.6K tons)
Imports of Cereal Groats and Meal; of Wheat in Mexico
In 2022, imports of cereal groats and meal; of wheats into Mexico soared to 56 tons, picking up by 179% against the previous year. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of wheats surged to $66K in 2022. Overall, imports continue to indicate significant growth. 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 Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 15.6 | 49.1 | 214.7% | ||
| Italy | N/A | 16.8 | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 15.6 | 65.9 | 322.4% | ||
Top Suppliers of Cereal Groats and Meal; of Wheat to Mexico in 2022:
- United States (43.3 tons)
- Italy (12.2 tons)
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