Price for Cereals; Rye, Other than Seed in Spain - 2023
Contents:
- Price for Cereals; Rye, Other than Seed in Spain (CIF) - 2023
- Price for Cereals; Rye, Other than Seed in Spain (FOB) - 2023
- Imports of Cereals; Rye, Other than Seed in Spain
- Exports of Cereals; Rye, Other than Seed in Spain
Price for Cereals; Rye, Other than Seed in Spain (CIF) - 2023
In October 2023, the average import price for cereals; rye, other than seeds amounted to $212 per ton, remaining stable against the previous month. Over the period under review, the import price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 252% against the previous month. As a result, import price attained the peak level of $1,047 per ton. From December 2022 to October 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was France ($261 per ton), while the price for Russia ($204 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 Lithuania (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Rye, Other than Seed in Spain (FOB) - 2023
The average export price for cereals; rye, other than seeds stood at $314 per ton in September 2023, rising by 5.1% against the previous month. In general, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 7.9% against the previous month. The export price peaked at $402 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Portugal.
From September 2022 to September 2023, the rate of growth in terms of prices for Portugal amounted to -2.0% per month.
Imports of Cereals; Rye, Other than Seed in Spain
In 2022, overseas purchases of cereals; rye, other than seeds decreased by -8.2% to 233K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 99% against the previous year.
In value terms, cereals; rye, other than seed imports skyrocketed to $82M in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Cereals; Rye, Other than Seed in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 12.8 | 25.6 | 100.0% |
| France | 0.9 | 1.2 | 2.0 | 18.5 | 173.9% |
| Ukraine | N/A | N/A | 4.0 | 17.7 | 342.5% |
| Latvia | 9.6 | 8.0 | 13.8 | 16.3 | 19.3% |
| Poland | N/A | 16.7 | 28.6 | 2.0 | -65.4% |
| Lithuania | 0.3 | 2.5 | 1.5 | 1.8 | 81.7% |
| Estonia | 4.4 | 3.5 | N/A | N/A | -20.5% |
| Others | 0.1 | 3.9 | 1.4 | 0.4 | 58.7% |
| Total | 15.3 | 35.7 | 64.0 | 82.4 | 75.3% |
Top Suppliers of Cereals; Rye, Other than Seed to Spain in 2022:
- Russia (83.7K tons)
- Ukraine (58.7K tons)
- Latvia (50.7K tons)
- France (27.3K tons)
- Poland (6.0K tons)
- Lithuania (5.7K tons)
Exports of Cereals; Rye, Other than Seed in Spain
In 2022, cereals; rye, other than seed exports from Spain fell dramatically to 11K tons, reducing by -23.1% on the year before. Overall, exports faced a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 4.2% against the previous year.
In value terms, cereals; rye, other than seed exports reduced to $4.1M in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year.
| Export of Cereals; Rye, Other than Seed in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 3.9 | 3.0 | 3.5 | 4.1 | 1.7% |
| Luxembourg | N/A | N/A | 0.6 | N/A | 0% |
| France | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 4.2 | 3.2 | 4.2 | 4.1 | -0.8% |
Top Export Markets for Cereals; Rye, Other than Seed from Spain in 2022:
- Portugal (10.6K tons)
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