Price for Cereals; Oats, Other than Seed in Singapore - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Singapore (CIF) - 2023
- Price for Cereals; Oats, Other than Seed in Singapore (FOB) - 2022
- Imports of Cereals; Oats, Other than Seed in Singapore
- Exports of Cereals; Oats, Other than Seed in Singapore
Price for Cereals; Oats, Other than Seed in Singapore (CIF) - 2023
In September 2022, the average import price for cereals; oats, other than seeds amounted to $2,496 per ton, rising by 40% against the previous month. Over the period from June 2022 to September 2022, it increased at an average monthly rate of +8.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($3,176 per ton), while the price for Australia ($742 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Oats, Other than Seed in Singapore (FOB) - 2022
In 2022, the average export price for cereals; oats, other than seeds amounted to $1,753 per ton, with an increase of 17% against the previous year. Overall, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2016 an increase of 21%. As a result, the export price reached the peak level of $2,451 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($4,719 per ton), while the average price for exports to Malaysia ($915 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 Thailand (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Oats, Other than Seed in Singapore
In 2022, overseas purchases of cereals; oats, other than seeds decreased by -32.8% to 356 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 44%. As a result, imports attained the peak of 606 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; oats, other than seed imports fell notably to $523K in 2022. Overall, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -39.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 70%. As a result, imports attained the peak of $864K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereals; Oats, Other than Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.5 | 121 | 40.1 | 247 | 690.5% |
| Australia | 206 | 192 | 210 | 126 | -15.1% |
| United Kingdom | 10.8 | 6.6 | 0.5 | 64.7 | 81.6% |
| Belgium | N/A | N/A | N/A | 52.1 | 0% |
| China | 35.7 | 11.8 | 18.8 | 15.7 | -24.0% |
| United States | 232 | 488 | 512 | 5.0 | -72.2% |
| Netherlands | 0.5 | 14.0 | 0.3 | 4.9 | 114.0% |
| Others | 21.7 | 30.1 | 27.6 | 8.0 | -28.3% |
| Total | 507 | 864 | 809 | 523 | 1.0% |
Top Suppliers of Cereals; Oats, Other than Seed to Singapore in 2022:
- Australia (136.6 tons)
- Germany (130.2 tons)
- United Kingdom (42.7 tons)
- Belgium (22.2 tons)
- Netherlands (10.0 tons)
- China (8.9 tons)
- United States (2.3 tons)
Exports of Cereals; Oats, Other than Seed in Singapore
After three years of growth, shipments abroad of cereals; oats, other than seeds decreased by -16% to 111 tons in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. As a result, the exports reached the peak of 132 tons, and then shrank notably in the following year.
In value terms, cereals; oats, other than seed exports contracted slightly to $195K in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of $199K, and then contracted slightly in the following year.
| Export of Cereals; Oats, Other than Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 9.8 | 25.2 | 79.9 | 97.7 | 115.2% |
| Malaysia | 39.8 | 40.3 | 52.3 | 39.4 | -0.3% |
| Philippines | 5.4 | 12.3 | 17.8 | 27.8 | 72.7% |
| Cambodia | 11.7 | 0.1 | 5.4 | 11.2 | -1.4% |
| Thailand | 15.8 | 2.1 | 21.5 | 6.4 | -26.0% |
| Vietnam | 81.4 | 36.8 | N/A | 2.1 | -70.5% |
| Indonesia | 2.3 | 12.6 | 11.1 | 1.0 | -24.2% |
| Others | 8.4 | 15.0 | 10.8 | 9.2 | 3.1% |
| Total | 175 | 144 | 199 | 195 | 3.7% |
Top Export Markets for Cereals; Oats, Other than Seed from Singapore in 2022:
- Malaysia (43.0 tons)
- Bangladesh (36.3 tons)
- Philippines (23.9 tons)
- Cambodia (2.4 tons)
- Vietnam (1.4 tons)
- Thailand (1.4 tons)
- Indonesia (0.2 tons)
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