Price for Cereal Groats; Meal and Pellets in Indonesia - 2022
Contents:
- Price for Cereal Groats; Meal and Pellets in Indonesia (CIF) - 2022
- Price for Cereal Groats; Meal and Pellets in Indonesia (FOB) - 2022
- Imports of Cereal Groats; Meal and Pellets in Indonesia
- Exports of Cereal Groats; Meal and Pellets in Indonesia
Price for Cereal Groats; Meal and Pellets in Indonesia (CIF) - 2022
The average import price for cereal groats; meal and pelletses stood at $394 per ton in 2022, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2016 an increase of 50% against the previous year. The import price peaked at $619 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Vietnam ($1,253 per ton), while the price for South Korea ($167 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats; Meal and Pellets in Indonesia (FOB) - 2022
In 2022, the average export price for cereal groats; meal and pelletses amounted to $1,316 per ton, declining by -2.4% against the previous year. In general, the export price showed a slight decline. The growth pace was the most rapid in 2018 when the average export price increased by 66%. The export price peaked at $1,567 per ton in 2012; however, from 2013 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 China ($4,439 per ton), while the average price for exports to Timor-Leste ($754 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 China (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats; Meal and Pellets in Indonesia
In 2022, cereal groats; meal and pellets imports into Indonesia soared to 11K tons, picking up by 22% compared with the year before. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.2% 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 +61.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, cereal groats; meal and pellets imports surged to $4.4M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +74.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats; Meal and Pellets in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.1 | 2.4 | 3.1 | 4.2 | 10.7% |
| South Korea | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Total | 3.3 | 2.5 | 3.2 | 4.4 | 10.1% |
Top Suppliers of Cereal Groats; Meal and Pellets to Indonesia in 2022:
- India (10.9K tons)
- South Korea (0.2K tons)
Exports of Cereal Groats; Meal and Pellets in Indonesia
After two years of decline, shipments abroad of cereal groats; meal and pelletses increased by 199% to 24 tons in 2022. In general, exports, however, continue to indicate a deep contraction.
In value terms, cereal groats; meal and pellets exports surged to $31K in 2022. Overall, exports, however, continue to indicate a deep slump.
| Export of Cereal Groats; Meal and Pellets in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Timor-Leste | 13.8 | 12.5 | 3.0 | 11.7 | -5.4% |
| China | N/A | 2.2 | 5.1 | 10.7 | 120.5% |
| Malaysia | 23.5 | 0.5 | 0.4 | 9.0 | -27.4% |
| Saudi Arabia | N/A | 5.0 | 1.0 | N/A | -80.0% |
| Israel | 7.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 2.8 | 1.3 | N/A | 260.6% |
| Total | 44.6 | 23.0 | 10.8 | 31.5 | -10.9% |
Top Export Markets for Cereal Groats; Meal and Pellets from Indonesia in 2022:
- Timor-Leste (15.5 tons)
- Malaysia (6.0 tons)
- China (2.4 tons)
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