Price for Cereals; Oats, Other than Seed in Austria - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Austria (FOB) - 2023
- Price for Cereals; Oats, Other than Seed in Austria (CIF) - 2023
- Exports of Cereals; Oats, Other than Seed in Austria
- Imports of Cereals; Oats, Other than Seed in Austria
Price for Cereals; Oats, Other than Seed in Austria (FOB) - 2023
In August 2023, the average export price for cereals; oats, other than seeds amounted to $612 per ton, jumping by 50% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +4.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From December 2022 to August 2023, the rate of growth in terms of prices for Switzerland amounted to +27.5% per month.
Price for Cereals; Oats, Other than Seed in Austria (CIF) - 2023
In July 2023, the average import price for cereals; oats, other than seeds amounted to $386 per ton, approximately reflecting the previous month. Over the last eight months, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in January 2023 an increase of 10% m-o-m. Over the period under review, average import prices hit record highs at $396 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($509 per ton), while the price for Slovakia ($304 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Oats, Other than Seed in Austria
In 2022, approx. 20K tons of cereals; oats, other than seeds were exported from Austria; with an increase of 46% against 2021. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +83.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; oats, other than seed exports soared to $7.1M in 2022. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Cereals; Oats, Other than Seed in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.3 | 2.0 | 3.3 | 3.7 | 17.2% |
| Switzerland | 1.1 | 0.9 | 1.2 | 1.9 | 20.0% |
| Italy | 0.5 | 0.5 | 0.9 | 1.5 | 44.2% |
| Slovenia | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Netherlands | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 4.2 | 3.7 | 5.4 | 7.1 | 19.1% |
Top Export Markets for Cereals; Oats, Other than Seed from Austria in 2022:
- Germany (10.8K tons)
- Italy (5.1K tons)
- Switzerland (4.0K tons)
- Netherlands (0.1K tons)
Imports of Cereals; Oats, Other than Seed in Austria
In 2022, overseas purchases of cereals; oats, other than seeds decreased by -17.6% to 10K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 12K tons, and then dropped dramatically in the following year.
In value terms, cereals; oats, other than seed imports expanded rapidly to $3.6M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +65.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Cereals; Oats, Other than Seed in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,056 | 1,132 | 1,375 | 2,326 | 30.1% |
| Czech Republic | 914 | 805 | 1,730 | 1,012 | 3.5% |
| Italy | 51.8 | 30.7 | 47.0 | 189 | 53.9% |
| Hungary | 155 | 103 | 91.5 | 49.2 | -31.8% |
| Slovakia | N/A | 93.9 | 72.3 | 28.7 | -44.7% |
| Others | 18.4 | 122 | 56.3 | 36.1 | 25.2% |
| Total | 2,195 | 2,286 | 3,372 | 3,641 | 18.4% |
Top Suppliers of Cereals; Oats, Other than Seed to Austria in 2022:
- Germany (5.9K tons)
- Czech Republic (3.5K tons)
- Italy (0.4K tons)
- Hungary (0.2K tons)
- Slovakia (0.1K tons)
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