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

Contents:

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

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

The average import price for cereal groats; meal and pelletses stood at $750 per ton in June 2023, growing by 7.3% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in December 2022 an increase of 27% m-o-m. The import price peaked at $762 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were the United Arab Emirates ($839 per ton) and France ($839 per ton), while the price for Ukraine ($648 per ton) and Turkey ($745 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cereal groats; meal and pelletses amounted to $680 per ton, rising by 27% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal groats; meal and pellets export price increased by +99.0% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 38%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($802 per ton), while the average price for exports to Israel ($470 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 Israel (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats; Meal and Pellets in Egypt

In 2022, overseas purchases of cereal groats; meal and pelletses decreased by -38.1% to 16K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, imports reached the peak of 33K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cereal groats; meal and pellets imports shrank remarkably to $12M in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 27%. As a result, imports reached the peak of $15M. From 2021 to 2022, the growth of imports failed to regain momentum.

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

1. Turkey (12.3K tons)
2. United Arab Emirates (2.5K tons)
3. France (0.8K tons)

Exports of Cereal Groats; Meal and Pellets in Egypt

Cereal groats; meal and pellets exports from Egypt expanded rapidly to 7.9K tons in 2022, growing by 10% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets exports skyrocketed to $5.4M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Sudan (2328.3 tons)
2. Jordan (1723.7 tons)
3. Spain (1310.6 tons)
4. Kuwait (975.5 tons)
5. Palestine (585.3 tons)
6. Libya (299.5 tons)
7. Saudi Arabia (268.5 tons)
8. Israel (205.9 tons)
9. Yemen (123.8 tons)

Source: IndexBox Market Intelligence Platform