Price for Cereal Groats; Meal and Pellets in Venezuela - 2022

Contents:

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

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

The average import price for cereal groats; meal and pelletses stood at $507 per ton in 2022, dropping by -3.2% against the previous year. In general, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 an increase of 9%. Over the period under review, average import prices reached the peak figure at $874 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($625 per ton), while the price for Spain ($132 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-0.4%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cereal groats; meal and pelletses stood at $1,321 per ton in 2022, increasing by 40% against the previous year. In general, the export price recorded a temperate increase. The most prominent rate of growth was recorded in 2015 an increase of 144% against the previous year. As a result, the export price reached the peak level of $1,688 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($1,752 per ton), while the average price for exports to Canada ($211 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 Switzerland (+9.9%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Groats; Meal and Pellets in Venezuela

In 2022, after three years of growth, there was significant decline in supplies from abroad of cereal groats; meal and pelletses, when their volume decreased by -99.1% to 64 tons. Over the period under review, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year.

In value terms, cereal groats; meal and pellets imports fell notably to $32K in 2022. Overall, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year.

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

1. Brazil (52.4 tons)
2. Mexico (5.5 tons)
3. Spain (3.0 tons)
4. Chile (1.6 tons)
5. Colombia (0.7 tons)

Exports of Cereal Groats; Meal and Pellets in Venezuela

Cereal groats; meal and pellets exports from Venezuela skyrocketed to 1.1 tons in 2022, growing by 478% on 2021 figures. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets exports soared to $1.5K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Aruba (649.0 kg)
2. Luxembourg (253.0 kg)
3. Canada (194.0 kg)
4. Guyana (20.0 kg)

Source: IndexBox Market Intelligence Platform