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

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Slovenia (CIF) - 2023
2. Price for Cereal Groats and Meal; of Wheat in Slovenia (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Slovenia
4. Exports of Cereal Groats and Meal; of Wheat in Slovenia

Price for Cereal Groats and Meal; of Wheat in Slovenia (CIF) - 2023

In August 2023, the average import price for cereal groats and meal; of wheats amounted to $537 per ton, waning by -7.2% against the previous month. Over the period under review, the import price saw a noticeable decline. The most prominent rate of growth was recorded in April 2023 an increase of 6.5% against the previous month. As a result, import price attained the peak level of $810 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($645 per ton), while the price for Hungary ($485 per ton) was amongst the lowest.

From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (-1.6%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cereal groats and meal; of wheats amounted to $752 per ton, picking up by 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2014 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($1,201 per ton), while the average price for exports to Croatia ($633 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 Serbia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Slovenia

In 2022, supplies from abroad of cereal groats and meal; of wheats decreased by -1.9% to 10K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 0.6%. As a result, imports attained the peak of 12K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal groats and meal; of wheats surged to $7.7M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% 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 +75.9% against 2019 indices. 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 Slovenia in 2022:

1. Italy (4.3K tons)
2. Hungary (3.1K tons)
3. Austria (2.7K tons)

Exports of Cereal Groats and Meal; of Wheat in Slovenia

In 2022, shipments abroad of cereal groats and meal; of wheats decreased by -14.9% to 759 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 4.5% against the previous year. As a result, the exports reached the peak of 941 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cereal groats and meal; of wheats reduced to $570K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 9.2% against the previous year.

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

1. Croatia (579.2 tons)
2. North Macedonia (77.3 tons)
3. Bosnia and Herzegovina (63.2 tons)
4. Serbia (24.0 tons)

Source: IndexBox Market Intelligence Platform