Price for Cereal Groats; Meal and Pellets in Pakistan - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in Pakistan (FOB) - 2022
- Price for Cereal Groats; Meal and Pellets in Pakistan (CIF) - 2022
- Exports of Cereal Groats; Meal and Pellets in Pakistan
- Imports of Cereal Groats; Meal and Pellets in Pakistan
Price for Cereal Groats; Meal and Pellets in Pakistan (FOB) - 2022
In 2022, the average export price for cereal groats; meal and pelletses amounted to $181 per ton, jumping by 55% against the previous year. Overall, the export price, however, saw a abrupt setback. Over the period under review, the average export prices hit record highs at $325 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,387 per ton), while the average price for exports to Afghanistan stood at $107 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.5%).
Price for Cereal Groats; Meal and Pellets in Pakistan (CIF) - 2022
The average import price for cereal groats; meal and pelletses stood at $334 per ton in 2022, with a decrease of -21.9% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 97% against the previous year. Over the period under review, average import prices reached the maximum at $607 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($390 per ton), while the price for the United Arab Emirates ($278 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.6%), while the prices for the other major suppliers experienced a decline.
Exports of Cereal Groats; Meal and Pellets in Pakistan
Cereal groats; meal and pellets exports from Pakistan dropped notably to 114K tons in 2022, declining by -25.1% on the previous year. Over the period under review, total exports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 68% against the previous year. As a result, the exports attained the peak of 153K tons, and then plummeted in the following year.
In value terms, cereal groats; meal and pellets exports surged to $21M in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Cereal Groats; Meal and Pellets in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 6.7 | 6.2 | 10.2 | 11.5 | 19.7% |
| United States | 2.0 | 2.6 | 6.4 | 7.3 | 54.0% |
| Others | 2.7 | 1.7 | 1.3 | 2.0 | -9.5% |
| Total | 11.4 | 10.4 | 17.9 | 20.7 | 22.0% |
Top Export Markets for Cereal Groats; Meal and Pellets from Pakistan in 2022:
- Afghanistan (107.4K tons)
- United States (5.3K tons)
Imports of Cereal Groats; Meal and Pellets in Pakistan
In 2022, cereal groats; meal and pellets imports into Pakistan shrank markedly to 376 tons, dropping by -65.2% against 2021. In general, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 111% against the previous year. As a result, imports reached the peak of 1.1K tons, and then dropped markedly in the following year.
In value terms, cereal groats; meal and pellets imports contracted rapidly to $126K in 2022. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 143% against the previous year. As a result, imports attained the peak of $462K, and then shrank dramatically in the following year.
| Import of Cereal Groats; Meal and Pellets in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 134 | 172 | 226 | 61.0 | -23.1% |
| Egypt | 64.8 | 17.3 | 220 | 59.4 | -2.9% |
| United Arab Emirates | 42.9 | 0.8 | 5.0 | 5.1 | -50.8% |
| Others | N/A | N/A | 10.0 | N/A | 0% |
| Total | 241 | 190 | 462 | 126 | -19.4% |
Top Suppliers of Cereal Groats; Meal and Pellets to Pakistan in 2022:
- Egypt (200.9 tons)
- Turkey (156.5 tons)
- United Arab Emirates (18.3 tons)
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