Price for Cereal Groats; Meal and Pellets in Greece - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in Greece (CIF) - 2023
- Price for Cereal Groats; Meal and Pellets in Greece (FOB) - 2023
- Imports of Cereal Groats; Meal and Pellets in Greece
- Exports of Cereal Groats; Meal and Pellets in Greece
Price for Cereal Groats; Meal and Pellets in Greece (CIF) - 2023
The average import price for cereal groats; meal and pelletses stood at $399 per ton in June 2023, shrinking by -56.2% against the previous month. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 77% against the previous month. Over the period under review, average import prices reached the maximum at $1,034 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($1,922 per ton), while the price for Bulgaria ($298 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats; Meal and Pellets in Greece (FOB) - 2023
The average export price for cereal groats; meal and pelletses stood at $480 per ton in June 2023, shrinking by -3.9% against the previous month. Overall, the export price showed a pronounced descent. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 45% month-to-month. Over the period under review, the average export prices reached the maximum at $782 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Bulgaria ($704 per ton), while the average price for exports to Italy ($341 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Groats; Meal and Pellets in Greece
In 2022, cereal groats; meal and pellets imports into Greece dropped markedly to 17K tons, with a decrease of -15.1% on 2021 figures. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 211% against the previous year. As a result, imports reached the peak of 20K tons, and then reduced rapidly in the following year.
In value terms, cereal groats; meal and pellets imports reached $9.2M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 127%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Cereal Groats; Meal and Pellets in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 0.5 | 0.6 | 4.0 | 5.1 | 116.9% |
| Italy | 1.4 | 1.2 | 1.8 | 1.8 | 8.7% |
| France | 1.2 | 1.4 | 2.4 | 1.4 | 5.3% |
| Spain | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Others | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Total | 3.8 | 4.0 | 9.0 | 9.2 | 34.3% |
Top Suppliers of Cereal Groats; Meal and Pellets to Greece in 2022:
- Bulgaria (12.8K tons)
- Italy (1.7K tons)
- France (1.4K tons)
- Spain (0.3K tons)
Exports of Cereal Groats; Meal and Pellets in Greece
In 2022, the amount of cereal groats; meal and pelletses exported from Greece rose markedly to 7K tons, surging by 14% compared with the year before. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, cereal groats; meal and pellets exports soared to $4.5M in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Cereal Groats; Meal and Pellets in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 386 | 0.1 | 895 | 1,877 | 69.4% |
| Serbia | 18.1 | 109 | 557 | 1,186 | 303.2% |
| Albania | 271 | 302 | 360 | 468 | 20.0% |
| Kosovo | N/A | 419 | 207 | 323 | -12.2% |
| Bulgaria | 0.5 | 96.6 | 205 | 258 | 702.1% |
| North Macedonia | 360 | 434 | 330 | 189 | -19.3% |
| Cyprus | 132 | 79.7 | 91.4 | 101 | -8.5% |
| Jordan | 232 | 31.3 | N/A | N/A | -86.5% |
| Egypt | 69.3 | 148 | 43.8 | N/A | -20.5% |
| Others | 104 | 500 | 514 | 148 | 12.5% |
| Total | 1,572 | 2,119 | 3,204 | 4,550 | 42.5% |
Top Export Markets for Cereal Groats; Meal and Pellets from Greece in 2022:
- Italy (3527.8 tons)
- Serbia (1533.7 tons)
- Albania (704.6 tons)
- Kosovo (432.3 tons)
- Bulgaria (327.1 tons)
- North Macedonia (297.5 tons)
- Cyprus (61.8 tons)
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