Cereals; Oats, Seeds Price in the United States - 2023
Contents:
- Cereals; Oats, Seeds Price in the United States (FOB) - 2023
- Cereals; Oats, Seeds Price in the United States (CIF) - 2023
- Cereals; Oats, Seeds Exports in the United States
- Cereals; Oats, Seeds Imports in the United States
Cereals; Oats, Seeds Price in the United States (FOB) - 2023
The average cereals; oats, seeds export price stood at $1,483 per ton in July 2023, jumping by 50% against the previous month. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Chile ($2,032 per ton), while the average price for exports to China ($988 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.1%), while the prices for the other major destinations experienced a decline.
Cereals; Oats, Seeds Price in the United States (CIF) - 2023
In July 2023, the average cereals; oats, seeds import price amounted to $486 per ton, surging by 104% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $677 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Canada ($489 per ton), while the price for Australia totaled $450 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (0.0%).
Cereals; Oats, Seeds Exports in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of cereals; oats, seedses, when their volume decreased by -9.1% to 6.7K tons. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.2% 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 increased by +82.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 65% against the previous year.
In value terms, cereals; oats, seeds exports reached $5.5M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 -2.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. As a result, the exports attained the peak of $5.7M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereals; Oats, Seeds in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.5 | 2.1 | 3.2 | 3.0 | 81.7% |
| Japan | 1.6 | 1.5 | 1.2 | 1.7 | 2.0% |
| Colombia | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| South Korea | 0.5 | 1.0 | 0.3 | N/A | -22.5% |
| Italy | N/A | 0.5 | 0.1 | N/A | -80.0% |
| Others | 0.9 | 0.4 | 0.4 | 0.5 | -17.8% |
| Total | 3.7 | 5.7 | 5.4 | 5.5 | 14.1% |
Top Export Markets for Cereals; Oats, Seeds from the United States in 2022:
- Italy (undefinedK tons)
- China (4.3K tons)
- Japan (1.7K tons)
- Colombia (0.3K tons)
Cereals; Oats, Seeds Imports in the United States
In 2022, supplies from abroad of cereals; oats, seedses was finally on the rise to reach 9.2K tons after two years of decline. Over the period under review, imports, however, recorded a abrupt downturn.
In value terms, cereals; oats, seeds imports stood at $3.9M in 2022. Overall, imports, however, continue to indicate a abrupt shrinkage.
| Import of Cereals; Oats, Seeds in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.2 | 4.0 | 3.8 | 3.9 | -9.1% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 5.3 | 4.1 | 3.8 | 3.9 | -9.7% |
Top Suppliers of Cereals; Oats, Seeds to the United States in 2022:
- Canada (9.2K tons)
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