Price for Cereal Groats and Meal; of Wheat in the United Arab Emirates - 2022
Contents:
- Price for Cereal Groats and Meal; of Wheat in the United Arab Emirates (CIF) - 2022
- Price for Cereal Groats and Meal; of Wheat in the United Arab Emirates (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in the United Arab Emirates
- Exports of Cereal Groats and Meal; of Wheat in the United Arab Emirates
Price for Cereal Groats and Meal; of Wheat in the United Arab Emirates (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $489 per ton in 2022, falling by -6% against the previous year. Overall, the import price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2014 an increase of 120% against the previous year. The import price peaked at $676 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,061 per ton), while the price for India ($447 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Wheat in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of wheats amounted to $819 per ton, which is down by -10.8% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of wheats increased by +63.1% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 77% against the previous year. As a result, the export price reached the peak level of $917 per ton, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($2,122 per ton), while the average price for exports to Bahrain ($746 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 (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Wheat in the United Arab Emirates
In 2022, the amount of cereal groats and meal; of wheats imported into the United Arab Emirates surged to 9.6K tons, rising by 63% against the previous year. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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 +70.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of wheats skyrocketed to $4.7M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 431 | 514 | 1,539 | 3,859 | 107.7% |
| Turkey | 1,509 | 497 | 318 | 402 | -35.7% |
| Italy | 145 | 180 | 221 | 356 | 34.9% |
| Malaysia | 588 | 412 | 408 | N/A | -16.7% |
| France | 0.6 | 1,327 | 292 | N/A | 2106.1% |
| Pakistan | 313 | N/A | N/A | N/A | 0% |
| Canada | 162 | 98.4 | 90.9 | N/A | -25.1% |
| Others | 79.7 | 194 | 204 | 85.3 | 2.3% |
| Total | 3,227 | 3,223 | 3,072 | 4,703 | 13.4% |
Top Suppliers of Cereal Groats and Meal; of Wheat to the United Arab Emirates in 2022:
- India (8.6K tons)
- Turkey (0.6K tons)
- Italy (0.3K tons)
Exports of Cereal Groats and Meal; of Wheat in the United Arab Emirates
For the third year in a row, the United Arab Emirates recorded decline in shipments abroad of cereal groats and meal; of wheats, which decreased by -81.6% to 4K tons in 2022. Overall, exports showed a precipitous contraction. The smallest decline of -17.8% was in 2020.
In value terms, exports of cereal groats and meal; of wheats fell significantly to $3.3M in 2022. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 35%. As a result, the exports reached the peak of $20M, and then shrank significantly in the following year.
| Export of Cereal Groats and Meal; of Wheat in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 2.8 | 3.6 | 1.8 | 2.0 | -10.6% |
| Oman | 0.4 | 0.5 | 6.8 | 0.6 | 14.5% |
| Kuwait | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Bahrain | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Maldives | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Saudi Arabia | 12.7 | 10.2 | 10.7 | N/A | -8.2% |
| Others | 1.0 | 0.1 | N/A | 0.1 | -53.6% |
| Total | 17.4 | 14.8 | 19.9 | 3.3 | -42.5% |
Top Export Markets for Cereal Groats and Meal; of Wheat from the United Arab Emirates in 2022:
- Egypt (2527.4 tons)
- Oman (814.8 tons)
- Kuwait (445.3 tons)
- Bahrain (71.8 tons)
- Maldives (63.2 tons)
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