Price for Cereal Groats and Meal; of Wheat in the Netherlands - 2023
Contents:
- Price for Cereal Groats and Meal; of Wheat in the Netherlands (CIF) - 2023
- Price for Cereal Groats and Meal; of Wheat in the Netherlands (FOB) - 2023
- Imports of Cereal Groats and Meal; of Wheat in the Netherlands
- Exports of Cereal Groats and Meal; of Wheat in the Netherlands
Price for Cereal Groats and Meal; of Wheat in the Netherlands (CIF) - 2023
In September 2023, the average import price for cereal groats and meal; of wheats amounted to $400 per ton, which is down by -4.5% against the previous month. Over the last nine-month period, it increased at an average monthly rate of +3.5%. The pace of growth appeared the most rapid in January 2023 an increase of 34% against the previous month. Over the period under review, average import prices hit record highs at $510 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($1,303 per ton), while the price for Turkey ($544 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Wheat in the Netherlands (FOB) - 2023
In September 2023, the average export price for cereal groats and meal; of wheats amounted to $1,266 per ton, which is down by -12.3% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 215% month-to-month. Over the period under review, the average export prices hit record highs at $2,198 per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In September 2023, the country with the highest price was Switzerland ($2,078 per ton), while the average price for exports to Guyana ($1,419 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Wheat in the Netherlands
In 2022, purchases abroad of cereal groats and meal; of wheats decreased by -36.9% to 41K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. As a result, imports reached the peak of 80K 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 shrank sharply to $13M in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 21%.
| Import of Cereal Groats and Meal; of Wheat in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 8.8 | 10.2 | 11.6 | 6.2 | -11.0% |
| Germany | 2.9 | 4.4 | 4.5 | 5.0 | 19.9% |
| Italy | 0.7 | 0.4 | 0.3 | 0.6 | -5.0% |
| Others | 0.7 | 0.9 | 1.5 | 1.1 | 16.3% |
| Total | 13.1 | 15.9 | 17.9 | 12.9 | -0.5% |
Top Suppliers of Cereal Groats and Meal; of Wheat to the Netherlands in 2022:
- Belgium (21.8K tons)
- Germany (16.3K tons)
- Italy (1.3K tons)
Exports of Cereal Groats and Meal; of Wheat in the Netherlands
Exports of cereal groats and meal; of wheats from the Netherlands soared to 9.7K tons in 2022, picking up by 198% against 2021 figures. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of wheats skyrocketed to $9.5M in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Wheat in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 976 | 1,302 | 1,185 | 6,434 | 87.5% |
| Germany | 229 | 524 | 778 | 931 | 59.6% |
| France | 17.2 | 82.1 | 638 | 702 | 244.3% |
| Spain | 152 | 141 | 172 | 536 | 52.2% |
| Portugal | 3.4 | 3.1 | 105 | 149 | 252.6% |
| Italy | 20.1 | 21.4 | 225 | 126 | 84.4% |
| Denmark | 363 | 13.8 | 27.1 | 44.7 | -50.2% |
| Others | 252 | 199 | 323 | 607 | 34.0% |
| Total | 2,011 | 2,286 | 3,452 | 9,531 | 68.0% |
Top Export Markets for Cereal Groats and Meal; of Wheat from the Netherlands in 2022:
- Belgium (6.9K tons)
- Germany (0.9K tons)
- France (0.8K tons)
- Portugal (0.3K tons)
- Spain (0.3K tons)
- Italy (0.1K tons)
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