Price for Cereal Groats; Meal and Pellets in Saudi Arabia - 2021

Contents:

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

Price for Cereal Groats; Meal and Pellets in Saudi Arabia (CIF) - 2022

In 2022, the average import price for cereal groats; meal and pelletses amounted to $388 per ton, picking up by 9% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $678 per ton. From 2014 to 2022, the average import prices remained at a 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 Italy ($481 per ton), while the price for India ($293 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cereal groats; meal and pelletses stood at $454 per ton in 2022, approximately reflecting the previous year. Overall, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2020 an increase of 47% against the previous year. The export price peaked at $513 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 Oman ($669 per ton), while the average price for exports to Yemen ($398 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 Bahrain (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Groats; Meal and Pellets in Saudi Arabia

After three years of growth, purchases abroad of cereal groats; meal and pelletses decreased by -24% to 151K tons in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, imports attained the peak of 198K tons, and then declined rapidly in the following year.

In value terms, cereal groats; meal and pellets imports declined remarkably to $59M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports reached the peak of $71M, and then fell sharply in the following year.

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

1. Turkey (39.6K tons)
2. Italy (37.1K tons)
3. India (34.9K tons)
4. United Arab Emirates (29.4K tons)
5. France (4.1K tons)

Exports of Cereal Groats; Meal and Pellets in Saudi Arabia

In 2022, the amount of cereal groats; meal and pelletses exported from Saudi Arabia declined notably to 794 tons, falling by -26% against 2021 figures. Overall, exports showed a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 108% against the previous year.

In value terms, cereal groats; meal and pellets exports contracted notably to $361K in 2022. Over the period under review, exports saw a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 112% against the previous year.

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

1. Jordan (459.8 tons)
2. Yemen (231.8 tons)
3. Bahrain (70.3 tons)
4. Oman (32.6 tons)

Source: IndexBox Market Intelligence Platform