Price for Cereals; Rye, Other than Seed in Portugal - 2023
Contents:
- Price for Cereals; Rye, Other than Seed in Portugal (CIF) - 2023
- Price for Cereals; Rye, Other than Seed in Portugal (FOB) - 2022
- Imports of Cereals; Rye, Other than Seed in Portugal
- Exports of Cereals; Rye, Other than Seed in Portugal
Price for Cereals; Rye, Other than Seed in Portugal (CIF) - 2023
In October 2023, the average import price for cereals; rye, other than seeds amounted to $256 per ton, falling by -13.9% against the previous month. Overall, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in July 2023 an increase of 13% m-o-m. Over the period under review, average import prices reached the maximum at $348 per ton in April 2023; however, from May 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Spain ($294 per ton), while the price for Latvia ($245 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Rye, Other than Seed in Portugal (FOB) - 2022
The average export price for cereals; rye, other than seeds stood at $300 per ton in 2021, reducing by -91.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum at $3,500 per ton in 2020, and then fell remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -9.8% per year.
Imports of Cereals; Rye, Other than Seed in Portugal
In 2022, approx. 24K tons of cereals; rye, other than seeds were imported into Portugal; with a decrease of -32.2% on 2021. In general, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% 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 +20.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of 36K tons, and then dropped notably in the following year.
In value terms, cereals; rye, other than seed imports dropped to $8M in 2022. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 120%. As a result, imports attained the peak of $9.2M, and then declined in the following year.
| Import of Cereals; Rye, Other than Seed in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.3 | 2.9 | 4.7 | 5.9 | 21.4% |
| Germany | 1.1 | 0.4 | 0.5 | 1.2 | 2.9% |
| Poland | 0.3 | 0.9 | 1.6 | 0.9 | 44.2% |
| Others | N/A | N/A | 2.4 | N/A | 0% |
| Total | 4.8 | 4.2 | 9.2 | 8.0 | 18.6% |
Top Suppliers of Cereals; Rye, Other than Seed to Portugal in 2022:
- Spain (17.5K tons)
- Germany (3.7K tons)
- Poland (3.0K tons)
Exports of Cereals; Rye, Other than Seed in Portugal
Cereals; rye, other than seed exports from Portugal surged to 20 kg in 2021, picking up by 900% compared with the year before. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; rye, other than seed exports declined to $6 in 2021. In general, exports, however, recorded a abrupt decline.
| Export of Cereals; Rye, Other than Seed in Portugal (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Brazil | N/A | 6.0 | 0% | ||
| Cabo Verde | 7.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 7.0 | 6.0 | -14.3% | ||
Top Export Markets for Cereals; Rye, Other than Seed from Portugal in 2022:
- Brazil (20.0 kg)
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