Price for Cereals; Oats, Other than Seed in the United States - 2024
Contents:
- Price for Cereals; Oats, Other than Seed in the United States (CIF) - 2024
- Price for Cereals; Oats, Other than Seed in the United States (FOB) - 2024
- Imports of Cereals; Oats, Other than Seed in the United States
- Exports of Cereals; Oats, Other than Seed in the United States
Price for Cereals; Oats, Other than Seed in the United States (CIF) - 2024
The average import price for cereals; oats, other than seeds stood at $321 per ton in September 2023, increasing by 11% against the previous month. In general, the import price showed a relatively flat trend pattern. As a result, import price attained 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 Canada.
From February 2023 to September 2023, the rate of growth in terms of prices for Canada amounted to +0.5% per month.
Price for Cereals; Oats, Other than Seed in the United States (FOB) - 2024
In September 2023, the average export price for cereals; oats, other than seeds amounted to $307 per ton, increasing by 6.9% against the previous month. Over the last seven-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in May 2023 an increase of 12% m-o-m. The export price peaked in September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Mexico ($401 per ton), while the average price for exports to Belize ($222 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Oats, Other than Seed in the United States
In 2022, purchases abroad of cereals; oats, other than seeds decreased by -8% to 1.3M tons, falling for the second consecutive year after two years of growth. In general, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 6.6% against the previous year. As a result, imports reached the peak of 1.6M tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; oats, other than seed imports soared to $476M in 2022. The total import value increased at an average annual rate of +11.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Oats, Other than Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 342 | 339 | 359 | 429 | 7.8% |
| Sweden | N/A | 5.6 | 9.8 | 20.1 | 89.5% |
| Estonia | N/A | N/A | 1.9 | 14.9 | 684.2% |
| Finland | N/A | 3.3 | N/A | 10.6 | 79.2% |
| Others | 0.2 | 0.5 | 0.9 | 0.7 | 51.8% |
| Total | 342 | 348 | 372 | 476 | 11.7% |
Top Suppliers of Cereals; Oats, Other than Seed to the United States in 2022:
- Canada (1198.5K tons)
- Sweden (42.6K tons)
- Estonia (42.0K tons)
- Finland (24.6K tons)
Exports of Cereals; Oats, Other than Seed in the United States
After three years of growth, shipments abroad of cereals; oats, other than seeds decreased by -32.2% to 31K tons in 2022. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 71%. As a result, the exports attained the peak of 46K tons, and then reduced dramatically in the following year.
In value terms, cereals; oats, other than seed exports dropped to $9.4M in 2022. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 77% against the previous year. As a result, the exports attained the peak of $11M, and then fell in the following year.
| Export of Cereals; Oats, Other than Seed in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,706 | 2,276 | 3,388 | 6,997 | 60.1% |
| Mexico | 1,910 | 1,521 | 1,364 | 396 | -40.8% |
| Taiwan (Chinese) | 404 | 337 | 256 | 262 | -13.4% |
| Trinidad and Tobago | 16.3 | 2.9 | 73.1 | 218 | 137.4% |
| Singapore | 169 | 177 | 357 | 155 | -2.8% |
| Israel | N/A | N/A | 35.4 | 125 | 253.1% |
| Japan | 303 | 143 | 119 | 85.3 | -34.5% |
| Nigeria | 374 | 335 | 84.0 | 14.3 | -66.3% |
| Belgium | N/A | N/A | 2,483 | N/A | 0% |
| United Kingdom | N/A | 233 | 1,566 | N/A | 572.1% |
| Others | 818 | 1,166 | 1,217 | 1,118 | 11.0% |
| Total | 5,699 | 6,191 | 10,942 | 9,371 | 18.0% |
Top Export Markets for Cereals; Oats, Other than Seed from the United States in 2022:
- Canada (21.3K tons)
- Mexico (1.4K tons)
- Taiwan (Chinese) (1.2K tons)
- Trinidad and Tobago (0.9K tons)
- Singapore (0.7K tons)
- Israel (0.5K tons)
- Japan (0.3K tons)
- Nigeria (0.1K tons)
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