Price for Cereal Groats; Meal and Pellets in Portugal - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in Portugal (CIF) - 2023
- Price for Cereal Groats; Meal and Pellets in Portugal (FOB) - 2023
- Imports of Cereal Groats; Meal and Pellets in Portugal
- Exports of Cereal Groats; Meal and Pellets in Portugal
Price for Cereal Groats; Meal and Pellets in Portugal (CIF) - 2023
In June 2023, the average import price for cereal groats; meal and pelletses amounted to $630 per ton, almost unchanged from the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +3.3%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 28% m-o-m. Over the period under review, average import prices hit record highs in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($673 per ton), while the price for the Netherlands ($297 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.8%), while the prices for the other major suppliers experienced a decline.
Price for Cereal Groats; Meal and Pellets in Portugal (FOB) - 2023
In June 2023, the average export price for cereal groats; meal and pelletses amounted to $674 per ton, increasing by 19% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 23% against the previous month. Over the period under review, the average export prices hit record highs at $699 per ton in February 2023; however, from March 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Sao Tome and Principe ($987 per ton), while the average price for exports to Poland ($596 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats; Meal and Pellets in Portugal
In 2022, cereal groats; meal and pellets imports into Portugal declined significantly to 27K tons, waning by -35.1% compared with the previous year's figure. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of 42K tons, and then declined markedly in the following year.
In value terms, cereal groats; meal and pellets imports contracted significantly to $13M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $15M, and then reduced sharply in the following year.
| Import of Cereal Groats; Meal and Pellets in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 10.1 | 10.0 | 14.5 | 11.3 | 3.8% |
| Others | 0.3 | 0.5 | 0.3 | 1.3 | 63.0% |
| Total | 10.4 | 10.5 | 14.8 | 12.5 | 6.3% |
Top Suppliers of Cereal Groats; Meal and Pellets to Portugal in 2022:
- Spain (25.7K tons)
Exports of Cereal Groats; Meal and Pellets in Portugal
In 2022, exports of cereal groats; meal and pelletses from Portugal contracted significantly to 5.8K tons, which is down by -26.9% against the previous year. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 17%.
In value terms, cereal groats; meal and pellets exports expanded modestly to $3.3M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year.
| Export of Cereal Groats; Meal and Pellets in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 1,747 | 1,205 | 1,884 | 1,545 | -4.0% |
| Spain | 960 | 842 | 858 | 1,152 | 6.3% |
| Sao Tome and Principe | 259 | 186 | 323 | 379 | 13.5% |
| Cabo Verde | 187 | 90.2 | 53.0 | 68.6 | -28.4% |
| Others | 269 | 84.5 | 88.7 | 191 | -10.8% |
| Total | 3,421 | 2,408 | 3,207 | 3,336 | -0.8% |
Top Export Markets for Cereal Groats; Meal and Pellets from Portugal in 2022:
- Angola (2.8K tons)
- Spain (2.2K tons)
- Sao Tome and Principe (0.5K tons)
- Cabo Verde (0.1K tons)
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