Price for Cereal Groats; Meal and Pellets in Chile - 2023

Contents:

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

Price for Cereal Groats; Meal and Pellets in Chile (CIF) - 2023

In July 2023, the average import price for cereal groats; meal and pelletses amounted to $693 per ton, increasing by 11% against the previous month. Over the period under review, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 40% m-o-m. As a result, import price attained the peak level of $1,126 per ton. From November 2022 to July 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($1,199 per ton), while the price for Argentina ($677 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats; Meal and Pellets in Chile (FOB) - 2022

The average export price for cereal groats; meal and pelletses stood at $2,082 per ton in 2022, declining by -5.8% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 375% against the previous year. The export price peaked at $3,112 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($2,458 per ton), while the average price for exports to the United States amounted to $1,980 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (-0.4%).

Imports of Cereal Groats; Meal and Pellets in Chile

In 2022, imports of cereal groats; meal and pelletses into Chile fell significantly to 3.2K tons, declining by -28.9% against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports attained the peak of 4.5K tons, and then declined remarkably in the following year.

In value terms, cereal groats; meal and pellets imports fell to $2.5M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +38.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of $2.6M, and then shrank in the following year.

Top Suppliers of Cereal Groats; Meal and Pellets to Chile in 2022:

1. Argentina (2675.9 tons)
2. Mexico (283.8 tons)
3. Italy (87.8 tons)
4. Belgium (71.0 tons)

Exports of Cereal Groats; Meal and Pellets in Chile

In 2022, cereal groats; meal and pellets exports from Chile surged to 571 kg, rising by 1,630% against 2021. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets exports skyrocketed to $1.2K in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Groats; Meal and Pellets from Chile in 2022:

1. United States (464.0 kg)
2. Australia (100.0 kg)
3. Canada (7.0 kg)

Source: IndexBox Market Intelligence Platform