Price for Cereal Groats; Meal and Pellets in Luxembourg - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in Luxembourg (FOB) - 2023
- Price for Cereal Groats; Meal and Pellets in Luxembourg (CIF) - 2022
- Exports of Cereal Groats; Meal and Pellets in Luxembourg
- Imports of Cereal Groats; Meal and Pellets in Luxembourg
Price for Cereal Groats; Meal and Pellets in Luxembourg (FOB) - 2023
The average export price for cereal groats; meal and pelletses stood at $804 per ton in June 2023, standing approximately at the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 4.8% against the previous month. As a result, the export price attained the peak level of $833 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In June 2023, the highest price was recorded for prices to Poland ($881 per ton) and Belgium ($816 per ton), while the average price for exports to Germany ($758 per ton) and France ($803 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats; Meal and Pellets in Luxembourg (CIF) - 2022
In 2022, the average import price for cereal groats; meal and pelletses amounted to $938 per ton, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2016 when the average import price increased by 65% against the previous year. As a result, import price attained the peak level of $951 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
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 Belgium ($2,100 per ton), while the price for Germany ($683 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats; Meal and Pellets in Luxembourg
In 2022, the amount of cereal groats; meal and pelletses exported from Luxembourg reached 52K tons, remaining constant against the year before. Overall, exports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 2.9%. As a result, the exports reached the peak of 55K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereal groats; meal and pellets exports soared to $41M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats; Meal and Pellets in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 8.0 | 7.5 | 9.6 | 14.4 | 21.6% |
| Germany | 7.4 | 10.1 | 9.3 | 12.7 | 19.7% |
| France | 7.3 | 7.1 | 8.5 | 12.6 | 20.0% |
| Poland | 0.3 | 0.3 | 0.5 | 0.9 | 44.2% |
| Netherlands | 0.6 | 0.7 | 0.5 | 0.4 | -12.6% |
| Others | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Total | 23.9 | 25.9 | 28.7 | 41.5 | 20.2% |
Top Export Markets for Cereal Groats; Meal and Pellets from Luxembourg in 2022:
- Belgium (17.5K tons)
- France (16.3K tons)
- Germany (16.3K tons)
- Poland (1.1K tons)
- Netherlands (0.4K tons)
Imports of Cereal Groats; Meal and Pellets in Luxembourg
In 2022, overseas purchases of cereal groats; meal and pelletses decreased by -41.8% to 1K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. As a result, imports reached the peak of 1.7K tons, and then reduced remarkably in the following year.
In value terms, cereal groats; meal and pellets imports declined notably to $940K in 2022. Over the period under review, imports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $1.4M, and then contracted dramatically in the following year.
| Import of Cereal Groats; Meal and Pellets in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 541 | 568 | 527 | 453 | -5.7% |
| Belgium | 219 | 270 | 358 | 260 | 5.9% |
| Italy | 76.3 | 91.5 | 90.7 | 132 | 20.0% |
| France | 134 | 132 | 446 | 69.9 | -19.5% |
| Netherlands | 12.7 | 15.5 | 4.7 | 19.2 | 14.8% |
| Others | 27.9 | 9.5 | 8.8 | 6.5 | -38.5% |
| Total | 1,012 | 1,086 | 1,435 | 940 | -2.4% |
Top Suppliers of Cereal Groats; Meal and Pellets to Luxembourg in 2022:
- Germany (662.7 tons)
- Italy (131.9 tons)
- Belgium (123.7 tons)
- France (53.5 tons)
- Netherlands (27.1 tons)
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