Price for Cereal Groats; Meal and Pellets in China - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in China (CIF) - 2022
- Price for Cereal Groats; Meal and Pellets in China (FOB) - 2022
- Imports of Cereal Groats; Meal and Pellets in China
- Exports of Cereal Groats; Meal and Pellets in China
Price for Cereal Groats; Meal and Pellets in China (CIF) - 2022
The average import price for cereal groats; meal and pelletses stood at $653 per ton in 2022, with an increase of 40% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The growth pace was the most rapid in 2016 when the average import price increased by 74%. Over the period under review, average import prices hit record highs at $1,206 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +29.1% per year.
Price for Cereal Groats; Meal and Pellets in China (FOB) - 2022
In 2022, the average export price for cereal groats; meal and pelletses amounted to $630 per ton, increasing by 7.8% against the previous year. In general, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 27%. The export price peaked at $1,079 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,380 per ton), while the average price for exports to South Korea ($533 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 South Korea (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereal Groats; Meal and Pellets in China
In 2022, imports of cereal groats; meal and pelletses into China shrank notably to 2K tons, which is down by -29.1% on the previous year's figure. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 13%.
In value terms, cereal groats; meal and pellets imports fell slightly to $1.3M in 2022. Overall, imports showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 4.6% against the previous year.
| Import of Cereal Groats; Meal and Pellets in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,438 | 1,028 | 655 | 1,334 | -2.5% |
| Russia | 24.5 | 0.4 | 191 | N/A | 179.2% |
| Netherlands | 19.7 | 145 | 175 | N/A | 198.0% |
| Others | 24.9 | 118 | 329 | 3.2 | -49.5% |
| Total | 1,507 | 1,292 | 1,351 | 1,338 | -3.9% |
Top Suppliers of Cereal Groats; Meal and Pellets to China in 2022:
- Australia (2.0K tons)
Exports of Cereal Groats; Meal and Pellets in China
After three years of growth, overseas shipments of cereal groats; meal and pelletses decreased by -44.9% to 447 tons in 2022. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 68%.
In value terms, cereal groats; meal and pellets exports reduced markedly to $282K in 2022. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year.
| Export of Cereal Groats; Meal and Pellets in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 124 | 142 | 295 | 141 | 4.4% |
| Bangladesh | N/A | 41.0 | 46.3 | 88.4 | 46.8% |
| United States | 21.7 | 30.9 | 27.2 | 22.6 | 1.4% |
| Japan | 2.5 | 26.0 | 27.4 | 22.2 | 107.1% |
| Cambodia | N/A | 45.4 | N/A | N/A | 0% |
| Myanmar | 7.5 | N/A | 62.5 | N/A | 188.7% |
| Others | 19.8 | 5.8 | 16.1 | 8.2 | -25.5% |
| Total | 175 | 291 | 475 | 282 | 17.2% |
Top Export Markets for Cereal Groats; Meal and Pellets from China in 2022:
- South Korea (263.5 tons)
- Bangladesh (142.1 tons)
- Japan (22.5 tons)
- United States (16.4 tons)
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