Price for Cereal Groats; Meal and Pellets in the UK - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in the UK (CIF) - 2023
- Price for Cereal Groats; Meal and Pellets in the UK (FOB) - 2023
- Imports of Cereal Groats; Meal and Pellets in the UK
- Exports of Cereal Groats; Meal and Pellets in the UK
Price for Cereal Groats; Meal and Pellets in the UK (CIF) - 2023
The average import price for cereal groats; meal and pelletses stood at $1,009 per ton in June 2023, which is down by -4.8% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 16% m-o-m. Over the period under review, average import prices hit record highs at $1,060 per ton in May 2023, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($2,287 per ton), while the price for Belgium ($573 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 Spain (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats; Meal and Pellets in the UK (FOB) - 2023
The average export price for cereal groats; meal and pelletses stood at $1,739 per ton in June 2023, with a decrease of -9.2% against the previous month. In general, the export price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in April 2023 an increase of 65% month-to-month. Over the period under review, the average export prices reached the maximum at $1,916 per ton in May 2023, and then fell in the following month.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($5,045 per ton), while the average price for exports to Japan ($704 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 Poland (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats; Meal and Pellets in the UK
After three years of growth, supplies from abroad of cereal groats; meal and pelletses decreased by -29.6% to 54K tons in 2022. In general, total imports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 24%.
In value terms, cereal groats; meal and pellets imports declined to $42M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports attained the peak of $44M, and then dropped in the following year.
| Import of Cereal Groats; Meal and Pellets in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.6 | 8.1 | 10.1 | 15.3 | 26.3% |
| Italy | 7.0 | 4.0 | 6.0 | 8.5 | 6.7% |
| Belgium | 5.4 | 4.2 | 1.7 | 5.7 | 1.8% |
| Spain | 3.6 | 4.4 | 4.8 | 5.3 | 13.8% |
| Germany | 0.5 | 1.2 | 7.3 | 3.2 | 85.7% |
| South Africa | 0.8 | 1.2 | 1.0 | 1.0 | 7.7% |
| Poland | 2.5 | 2.0 | 3.7 | 0.7 | -34.6% |
| Netherlands | 5.0 | 4.5 | 2.4 | 0.2 | -65.8% |
| Lithuania | 1.1 | 2.8 | 2.8 | 0.1 | -55.0% |
| Others | 3.7 | 4.2 | 4.0 | 1.6 | -24.4% |
| Total | 37.4 | 36.7 | 43.8 | 41.6 | 3.6% |
Top Suppliers of Cereal Groats; Meal and Pellets to the UK in 2022:
- France (19.0K tons)
- Belgium (13.3K tons)
- Italy (7.4K tons)
- Spain (5.7K tons)
- Germany (3.9K tons)
- South Africa (1.5K tons)
- Poland (0.7K tons)
- Netherlands (0.6K tons)
- Lithuania (0.6K tons)
Exports of Cereal Groats; Meal and Pellets in the UK
Cereal groats; meal and pellets exports from the UK expanded remarkably to 8.6K tons in 2022, rising by 15% compared with the previous year. In general, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 28%. As a result, the exports attained the peak of 13K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereal groats; meal and pellets exports expanded to $7.9M in 2022. The total export value increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 23%. As a result, the exports attained the peak of $9.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereal Groats; Meal and Pellets in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.8 | 560 | 3,283 | 3,093 | 833.7% |
| Ireland | 1,104 | 784 | 828 | 1,008 | -3.0% |
| Netherlands | 3,312 | 3,632 | 309 | 951 | -34.0% |
| Poland | 106 | 41.7 | 234 | 710 | 88.5% |
| Italy | 653 | 437 | 379 | 389 | -15.9% |
| France | 589 | 358 | 354 | 363 | -14.9% |
| Spain | 242 | 319 | 190 | 284 | 5.5% |
| South Africa | 429 | 1,284 | 86.8 | 8.5 | -72.9% |
| Others | 1,182 | 1,990 | 1,828 | 1,050 | -3.9% |
| Total | 7,619 | 9,405 | 7,492 | 7,856 | 1.0% |
Top Export Markets for Cereal Groats; Meal and Pellets from the UK in 2022:
- Netherlands (2868.1 tons)
- Ireland (2370.3 tons)
- United States (713.4 tons)
- Poland (610.0 tons)
- France (483.1 tons)
- Italy (368.3 tons)
- Spain (254.0 tons)
- South Africa (7.0 tons)
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