Price for Cereals; Oats, Other than Seed in Ireland - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Ireland (FOB) - 2023
- Price for Cereals; Oats, Other than Seed in Ireland (CIF) - 2023
- Exports of Cereals; Oats, Other than Seed in Ireland
- Imports of Cereals; Oats, Other than Seed in Ireland
Price for Cereals; Oats, Other than Seed in Ireland (FOB) - 2023
The average export price for cereals; oats, other than seeds stood at $290 per ton in August 2023, waning by -29.2% against the previous month. Over the period under review, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in June 2023 an increase of 21% month-to-month. The export price peaked at $410 per ton in July 2023, and then reduced dramatically in the following month.
Average prices varied noticeably for the major export markets. In August 2023, the country with the highest price was the Netherlands ($297 per ton), while the average price for exports to the UK totaled $250 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (0.0%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Oats, Other than Seed in Ireland (CIF) - 2023
In August 2023, the average import price for cereals; oats, other than seeds amounted to $1,516 per ton, with an increase of 29% against the previous month. Overall, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in May 2023 an increase of 78% month-to-month. As a result, import price reached the peak level of $2,153 per ton. From June 2023 to August 2023, the average import prices remained at a somewhat lower figure.
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 the UK amounted to +9.8% per month.
Exports of Cereals; Oats, Other than Seed in Ireland
In 2022, shipments abroad of cereals; oats, other than seeds increased by 299% to 29K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate resilient growth. 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 surged to $8.7M in 2022. In general, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Oats, Other than Seed in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 3.4 | 0% |
| Netherlands | 2.9 | 0.6 | 0.9 | 2.9 | 0.0% |
| Germany | N/A | 0.6 | N/A | 1.3 | 47.2% |
| United Kingdom | 0.6 | 1.1 | 0.9 | 0.9 | 14.5% |
| Norway | 1.8 | N/A | N/A | N/A | 0% |
| United States | N/A | 1.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 5.3 | 3.6 | 1.8 | 8.7 | 18.0% |
Top Export Markets for Cereals; Oats, Other than Seed from Ireland in 2022:
- Belgium (12.3K tons)
- Netherlands (9.1K tons)
- United Kingdom (3.4K tons)
- Germany (3.3K tons)
Imports of Cereals; Oats, Other than Seed in Ireland
Cereals; oats, other than seed imports into Ireland skyrocketed to 4.1K tons in 2022, with an increase of 74% compared with the previous year. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; oats, other than seed imports expanded notably to $3.6M in 2022. Over the period under review, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. As a result, imports attained the peak of $4.6M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Oats, Other than Seed in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.9 | 4.4 | 3.3 | 3.5 | -3.5% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 4.0 | 4.6 | 3.4 | 3.6 | -3.5% |
Top Suppliers of Cereals; Oats, Other than Seed to Ireland in 2022:
- United Kingdom (4.1K tons)
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