Price for Cereals; Oats, Other than Seed in Belgium - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Belgium (CIF) - 2023
- Price for Cereals; Oats, Other than Seed in Belgium (FOB) - 2022
- Imports of Cereals; Oats, Other than Seed in Belgium
- Exports of Cereals; Oats, Other than Seed in Belgium
Price for Cereals; Oats, Other than Seed in Belgium (CIF) - 2023
In August 2023, the average import price for cereals; oats, other than seeds amounted to $461 per ton, increasing by 58% against the previous month. Over the period from December 2022 to August 2023, it increased at an average monthly rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From December 2022 to August 2023, the rate of growth in terms of prices for Sweden amounted to +4.7% per month.
Price for Cereals; Oats, Other than Seed in Belgium (FOB) - 2022
In 2022, the average export price for cereals; oats, other than seeds amounted to $357 per ton, growing by 60% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($432 per ton), while the average price for exports to the Netherlands ($342 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 France (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Oats, Other than Seed in Belgium
In 2022, approx. 175K tons of cereals; oats, other than seeds were imported into Belgium; waning by -5.1% compared with 2021. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports attained the peak of 185K tons, and then reduced in the following year.
In value terms, cereals; oats, other than seed imports skyrocketed to $53M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Cereals; Oats, Other than Seed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 5.6 | 4.6 | 1.6 | 16.0 | 41.9% |
| Finland | 7.2 | 4.2 | 11.7 | 13.8 | 24.2% |
| France | 6.1 | 2.9 | 5.5 | 8.9 | 13.4% |
| Sweden | 9.0 | 9.0 | 11.8 | 8.0 | -3.9% |
| Ireland | N/A | N/A | 1.0 | 3.9 | 290.0% |
| Netherlands | 0.5 | 0.6 | 0.9 | 1.5 | 44.2% |
| Latvia | 0.6 | 0.7 | 5.2 | N/A | 194.4% |
| Estonia | 1.4 | 7.3 | 2.9 | N/A | 43.9% |
| Others | 3.0 | 1.8 | 3.0 | 0.5 | -45.0% |
| Total | 33.4 | 31.1 | 43.7 | 52.7 | 16.4% |
Top Suppliers of Cereals; Oats, Other than Seed to Belgium in 2022:
- United Kingdom (49.7K tons)
- Finland (44.3K tons)
- Sweden (32.5K tons)
- France (31.5K tons)
- Ireland (13.0K tons)
- Netherlands (3.4K tons)
Exports of Cereals; Oats, Other than Seed in Belgium
In 2022, cereals; oats, other than seed exports from Belgium reduced notably to 6.6K tons, which is down by -85.8% against the previous year. Over the period under review, exports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. As a result, the exports attained the peak of 46K tons, and then plummeted in the following year.
In value terms, cereals; oats, other than seed exports declined remarkably to $2.4M in 2022. Overall, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, the exports attained the peak of $10M, and then shrank dramatically in the following year.
| Export of Cereals; Oats, Other than Seed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 8.1 | 5.4 | 10.1 | 2.0 | -37.3% |
| France | 0.1 | 1.3 | 0.1 | 0.2 | 26.0% |
| Germany | N/A | N/A | N/A | 0.1 | 0% |
| Latvia | N/A | 0.6 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 8.3 | 7.2 | 10.4 | 2.4 | -33.9% |
Top Export Markets for Cereals; Oats, Other than Seed from Belgium in 2022:
- Netherlands (5.8K tons)
- France (0.5K tons)
- Germany (0.2K tons)
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