Cereals; Oats, Seeds Price in Portugal - 2023
Contents:
- Cereals; Oats, Seeds Price in Portugal (CIF) - 2023
- Cereals; Oats, Seeds Price in Portugal (FOB) - 2022
- Cereals; Oats, Seeds Imports in Portugal
- Cereals; Oats, Seeds Exports in Portugal
Cereals; Oats, Seeds Price in Portugal (CIF) - 2023
The average cereals; oats, seeds import price stood at $1,383 per ton in June 2023, growing by 6.3% against the previous month. In general, the import price enjoyed buoyant growth. The pace of growth appeared the most rapid in May 2023 an increase of 110% month-to-month. Over the period under review, average import prices reached the peak figure 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 Germany ($1,478 per ton), while the price for Spain ($619 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 Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Oats, Seeds Price in Portugal (FOB) - 2022
In 2022, the average cereals; oats, seeds export price amounted to $510 per ton, increasing by 4% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 46% against the previous year. The export price peaked at $1,200 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($1,455 per ton), while the average price for exports to Morocco ($399 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-0.7%), while the prices for the other major destinations experienced a decline.
Cereals; Oats, Seeds Imports in Portugal
Cereals; oats, seeds imports into Portugal was estimated at 2K tons in 2022, remaining constant against 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 75%. As a result, imports attained the peak of 2K tons; afterwards, it flattened through to 2022.
In value terms, cereals; oats, seeds imports expanded to $1.3M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 178%. As a result, imports reached the peak of $1.3M; afterwards, it flattened through to 2022.
Import of Cereals; Oats, Seeds in Portugal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 293 | 1,067 | 936 | 838 | 41.9% |
Hungary | 57.7 | 114 | 112 | 321 | 77.2% |
Germany | 52.0 | 111 | 169 | 45.5 | -4.4% |
Italy | 33.4 | 41.2 | 30.6 | 33.1 | -0.3% |
France | 20.0 | N/A | N/A | 29.0 | 13.2% |
Uruguay | 12.5 | N/A | 19.6 | 22.1 | 20.9% |
United Kingdom | 11.0 | 1.4 | N/A | 12.9 | 5.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 480 | 1,335 | 1,267 | 1,301 | 39.4% |
Top Suppliers of Cereals; Oats, Seeds to Portugal in 2022:
- Spain (1268.4 tons)
- Hungary (372.8 tons)
- United Kingdom (124.3 tons)
- France (91.7 tons)
- Germany (58.9 tons)
- Italy (48.2 tons)
- Uruguay (32.1 tons)
Cereals; Oats, Seeds Exports in Portugal
In 2022, overseas shipments of cereals; oats, seedses decreased by -11.3% to 455 tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% 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 -28.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. As a result, the exports reached the peak of 635 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; oats, seeds exports contracted to $232K in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $252K, and then contracted in the following year.
Export of Cereals; Oats, Seeds in Portugal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 178 | 187 | 229 | 110 | -14.8% |
Morocco | N/A | 23.8 | 12.7 | 56.7 | 54.3% |
Italy | 2.4 | 2.1 | 10.2 | 47.2 | 169.9% |
Angola | 1.9 | N/A | N/A | 17.2 | 108.4% |
Others | 4.0 | N/A | N/A | 1.1 | -35.0% |
Total | 187 | 213 | 252 | 232 | 7.5% |
Top Export Markets for Cereals; Oats, Seeds from Portugal in 2022:
- Spain (257.9 tons)
- Morocco (142.0 tons)
- Italy (32.4 tons)
- Angola (18.4 tons)
This report provides an in-depth analysis of the oat market in Portugal.
This report provides an in-depth analysis of the grain market in Portugal.
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This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the oat market in Portugal.
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