Price for Cereal Groats and Meal; of Wheat in the UK - 2024
Contents:
- Price for Cereal Groats and Meal; of Wheat in the UK (CIF) - 2022
- Price for Cereal Groats and Meal; of Wheat in the UK (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in the UK
- Exports of Cereal Groats and Meal; of Wheat in the UK
Price for Cereal Groats and Meal; of Wheat in the UK (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $991 per ton in 2022, growing by 31% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +64.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($1,187 per ton) and India ($1,184 per ton), while the price for France ($891 per ton) and Belgium ($912 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Wheat in the UK (FOB) - 2022
The average export price for cereal groats and meal; of wheats stood at $924 per ton in 2022, with a decrease of -24.5% against the previous year. Overall, the export price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 an increase of 80%. Over the period under review, the average export prices reached the maximum at $1,587 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($1,624 per ton), while the average price for exports to Hong Kong SAR ($476 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 Saudi Arabia (+295.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Wheat in the UK
In 2022, after three years of growth, there was significant decline in supplies from abroad of cereal groats and meal; of wheats, when their volume decreased by -18.6% to 15K tons. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year.
In value terms, imports of cereal groats and meal; of wheats expanded notably to $15M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.5 | 6.4 | 9.5 | 8.1 | 21.6% |
| Italy | 0.7 | 0.4 | 3.0 | 5.0 | 92.6% |
| Belgium | 0.6 | 0.8 | 0.8 | 1.0 | 18.6% |
| Others | 0.5 | 0.7 | 0.7 | 0.7 | 11.9% |
| Total | 6.2 | 8.4 | 13.9 | 14.8 | 33.6% |
Top Suppliers of Cereal Groats and Meal; of Wheat to the UK in 2022:
- France (9.1K tons)
- Italy (4.2K tons)
- Belgium (1.1K tons)
Exports of Cereal Groats and Meal; of Wheat in the UK
In 2022, the amount of cereal groats and meal; of wheats exported from the UK surged to 742 tons, with an increase of 71% on 2021. In general, exports enjoyed buoyant growth.
In value terms, exports of cereal groats and meal; of wheats skyrocketed to $686K in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, the exports attained the peak of $907K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereal Groats and Meal; of Wheat in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 40.0 | 31.2 | 85.8 | 442 | 122.7% |
| France | 16.3 | 12.9 | 103 | 99.6 | 82.8% |
| Ireland | 148 | 180 | 24.4 | 49.5 | -30.6% |
| Netherlands | 63.7 | 96.9 | 65.2 | 43.7 | -11.8% |
| Iceland | 3.6 | 4.3 | 11.1 | 20.4 | 78.3% |
| Hong Kong SAR | 1.9 | 1.3 | 14.7 | 5.4 | 41.6% |
| Cyprus | 1.5 | 2.0 | 189 | N/A | 1022.5% |
| Germany | 122 | 305 | N/A | N/A | 150.0% |
| Italy | 81.3 | 118 | N/A | N/A | 45.1% |
| Others | 188 | 156 | 37.8 | 25.5 | -48.6% |
| Total | 666 | 907 | 531 | 686 | 1.0% |
Top Export Markets for Cereal Groats and Meal; of Wheat from the UK in 2022:
- Poland (509.3 tons)
- France (120.8 tons)
- Netherlands (33.7 tons)
- Ireland (30.5 tons)
- Iceland (17.1 tons)
- Hong Kong SAR (11.4 tons)
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