Price for Cereal Groats and Meal; of Wheat in Belgium - 2023
Contents:
- Price for Cereal Groats and Meal; of Wheat in Belgium (CIF) - 2023
- Price for Cereal Groats and Meal; of Wheat in Belgium (FOB) - 2023
- Imports of Cereal Groats and Meal; of Wheat in Belgium
- Exports of Cereal Groats and Meal; of Wheat in Belgium
Price for Cereal Groats and Meal; of Wheat in Belgium (CIF) - 2023
In September 2023, the average import price for cereal groats and meal; of wheats amounted to $937 per ton, dropping by -37.1% against the previous month. In general, the import price, however, showed a buoyant increase. The pace of growth appeared the most rapid in March 2023 an increase of 48% month-to-month. Over the period under review, average import prices attained the peak figure at $1,590 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Cameroon.
From December 2022 to September 2023, the rate of growth in terms of prices for France amounted to +21.5% per month.
Price for Cereal Groats and Meal; of Wheat in Belgium (FOB) - 2023
In September 2023, the average export price for cereal groats and meal; of wheats amounted to $840 per ton, increasing by 2.6% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 14% m-o-m. As a result, the export price attained the peak level of $972 per ton. From April 2023 to September 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From December 2022 to September 2023, the rate of growth in terms of prices for France amounted to +0.2% per month.
Imports of Cereal Groats and Meal; of Wheat in Belgium
In 2022, the amount of cereal groats and meal; of wheats imported into Belgium expanded notably to 45K tons, surging by 9.4% compared with the previous year. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 11%. As a result, imports attained the peak of 45K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cereal groats and meal; of wheats skyrocketed to $26M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Luxembourg | 4.9 | 5.5 | 6.6 | 9.6 | 25.1% |
| France | 4.3 | 5.3 | 5.1 | 6.8 | 16.5% |
| Italy | 4.2 | 4.6 | 5.2 | 6.6 | 16.3% |
| Germany | 1.3 | 0.9 | 1.1 | 1.0 | -8.4% |
| Netherlands | 0.7 | 1.3 | 0.8 | 0.9 | 8.7% |
| Spain | 0.2 | 1.0 | 0.8 | 0.9 | 65.1% |
| Others | 0.2 | 0.5 | 0.6 | 0.5 | 35.7% |
| Total | 16.0 | 19.0 | 20.0 | 26.4 | 18.2% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Belgium in 2022:
- France (18.5K tons)
- Luxembourg (12.4K tons)
- Italy (7.6K tons)
- Netherlands (2.6K tons)
- Germany (2.1K tons)
- Spain (1.0K tons)
Exports of Cereal Groats and Meal; of Wheat in Belgium
In 2022, shipments abroad of cereal groats and meal; of wheats decreased by -14.6% to 11K tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 61% against the previous year. As a result, the exports reached the peak of 18K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cereal groats and meal; of wheats expanded notably to $9.8M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 decreased by -1.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cereal Groats and Meal; of Wheat in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.1 | 5.4 | 5.7 | 6.3 | 15.4% |
| Netherlands | 1.0 | 1.3 | 1.6 | 1.5 | 14.5% |
| United Kingdom | 0.6 | 1.0 | 0.8 | 1.1 | 22.4% |
| Germany | 0.2 | 1.9 | 0.4 | 0.5 | 35.7% |
| Morocco | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.4 | 0.4 | 0.4 | 0.2 | -20.6% |
| Total | 6.2 | 10.0 | 8.9 | 9.8 | 16.5% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Belgium in 2022:
- France (7.6K tons)
- Netherlands (1.8K tons)
- United Kingdom (1.2K tons)
- Germany (0.4K tons)
- Morocco (0.2K tons)
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