Price for Cereal Groats; Meal and Pellets in Canada - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in Canada (FOB) - 2023
- Price for Cereal Groats; Meal and Pellets in Canada (CIF) - 2022
- Exports of Cereal Groats; Meal and Pellets in Canada
- Imports of Cereal Groats; Meal and Pellets in Canada
Price for Cereal Groats; Meal and Pellets in Canada (FOB) - 2023
In June 2023, the average export price for cereal groats; meal and pelletses amounted to $686 per ton, reducing by -2.3% against the previous month. Overall, the export price recorded a slight contraction. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 5% against the previous month. The export price peaked at $871 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($714 per ton), while the average price for exports to Mexico totaled $453 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.6%).
Price for Cereal Groats; Meal and Pellets in Canada (CIF) - 2022
The average import price for cereal groats; meal and pelletses stood at $682 per ton in 2022, rising by 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2019 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($803 per ton), while the price for Mexico ($420 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereal Groats; Meal and Pellets in Canada
In 2022, shipments abroad of cereal groats; meal and pelletses decreased by -7.6% to 277K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 18%. As a result, the exports reached the peak of 313K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereal groats; meal and pellets exports skyrocketed to $218M in 2022. Overall, exports, however, showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats; Meal and Pellets in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 94.8 | 115 | 133 | 204 | 29.1% |
| Mexico | 14.0 | 18.2 | 21.6 | 12.6 | -3.5% |
| Japan | 0.9 | 1.1 | 0.9 | 0.1 | -51.9% |
| Others | 1.5 | 2.8 | 2.0 | 1.2 | -7.2% |
| Total | 111 | 137 | 158 | 218 | 25.2% |
Top Export Markets for Cereal Groats; Meal and Pellets from Canada in 2022:
- United States (245.0K tons)
- Mexico (27.3K tons)
- Japan (1.4K tons)
Imports of Cereal Groats; Meal and Pellets in Canada
In 2022, cereal groats; meal and pellets imports into Canada reached 49K tons, picking up by 11% on the year before. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereal groats; meal and pellets imports surged to $33M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats; Meal and Pellets in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.7 | 26.2 | 25.6 | 29.7 | 6.3% |
| Italy | 0.8 | 0.8 | 0.6 | 0.7 | -4.4% |
| Mexico | 0.2 | 0.3 | 0.3 | 0.5 | 35.7% |
| Others | 1.5 | 2.3 | 1.8 | 2.3 | 15.3% |
| Total | 27.3 | 29.6 | 28.3 | 33.2 | 6.7% |
Top Suppliers of Cereal Groats; Meal and Pellets to Canada in 2022:
- United States (43.6K tons)
- Mexico (1.3K tons)
- Italy (0.9K tons)
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