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

Contents:

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

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

The average export price for cereal groats and meal; of wheats stood at $492 per ton in 2021, standing approx. at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices reached the maximum at $1,011 per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($696 per ton), while the average price for exports to Jordan ($424 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2021, the average import price for cereal groats and meal; of wheats amounted to $625 per ton, with an increase of 24% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $697 per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($1,211 per ton), while the price for Syrian Arab Republic ($499 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Groats and Meal; of Wheat in Saudi Arabia

In 2022, approx. 16 tons of cereal groats and meal; of wheats were exported from Saudi Arabia; dropping by -2.3% compared with 2021. Overall, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 132%.

In value terms, exports of cereal groats and meal; of wheats surged to $13K in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 134%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Jordan (465.8 tons)
2. United Arab Emirates (202.4 tons)
3. Turkey (154.9 tons)
4. Bahrain (126.1 tons)
5. Yemen (0.6 tons)

Imports of Cereal Groats and Meal; of Wheat in Saudi Arabia

After two years of growth, supplies from abroad of cereal groats and meal; of wheats decreased by -31.2% to 46K tons in 2021. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, imports reached the peak of 67K tons, and then fell rapidly in the following year.

In value terms, imports of cereal groats and meal; of wheats contracted to $29M in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 21%. As a result, imports reached the peak of $34M, and then declined in the following year.

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

1. Italy (22.5K tons)
2. United Arab Emirates (16.2K tons)
3. India (2.5K tons)
4. Morocco (2.3K tons)
5. Syrian Arab Republic (1.3K tons)
6. France (0.8K tons)

Source: IndexBox Market Intelligence Platform