Price for Cereal Flours; Other than of Wheat or Meslin in Australia - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in Australia (CIF) - 2023
- Price for Cereal Flours; Other than of Wheat or Meslin in Australia (FOB) - 2023
- Imports of Cereal Flours; Other than of Wheat or Meslin in Australia
- Exports of Cereal Flours; Other than of Wheat or Meslin in Australia
Price for Cereal Flours; Other than of Wheat or Meslin in Australia (CIF) - 2023
The average import price for cereal flours; other than of wheat or meslin stood at $1,305 per ton in December 2023, increasing by 29% against the previous month. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($2,130 per ton), while the price for Pakistan ($599 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flours; Other than of Wheat or Meslin in Australia (FOB) - 2023
In December 2023, the average export price for cereal flours; other than of wheat or meslin amounted to $1,000 per ton, remaining stable against the previous month. Over the period under review, the export price recorded a modest expansion. The pace of growth was the most pronounced in April 2023 an increase of 194% month-to-month. As a result, the export price reached the peak level of $3,131 per ton. From May 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was South Korea ($1,258 per ton), while the average price for exports to Japan ($710 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flours; Other than of Wheat or Meslin in Australia
Imports of cereal flours; other than of wheat or meslin into Australia rose notably to 24K tons in 2022, surging by 7.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 12%. As a result, imports attained the peak of 26K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cereal flours; other than of wheat or meslin soared to $27M in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flours; Other than of Wheat or Meslin in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.8 | 8.3 | 7.9 | 12.7 | 17.6% |
| Thailand | 5.2 | 6.4 | 4.6 | 5.3 | 0.6% |
| Vietnam | 1.5 | 1.6 | 1.5 | 1.9 | 8.2% |
| India | 1.4 | 1.5 | 1.3 | 1.7 | 6.7% |
| Pakistan | 0.5 | 0.5 | 1.0 | 1.0 | 26.0% |
| Mexico | 0.5 | 0.7 | 0.7 | 0.8 | 17.0% |
| Namibia | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Germany | 0.4 | 1.0 | 0.1 | N/A | -50.0% |
| Others | 2.3 | 3.8 | 2.2 | 2.8 | 6.8% |
| Total | 19.6 | 23.8 | 19.4 | 26.5 | 10.6% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Australia in 2022:
- United States (10.7K tons)
- Thailand (4.6K tons)
- Vietnam (2.6K tons)
- India (1.6K tons)
- Pakistan (1.5K tons)
- Mexico (1.2K tons)
- Namibia (0.4K tons)
Exports of Cereal Flours; Other than of Wheat or Meslin in Australia
For the fourth consecutive year, Australia recorded growth in shipments abroad of cereal flours; other than of wheat or meslin, which increased by 33% to 9.4K tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal flours; other than of wheat or meslin soared to $8.3M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 37%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Cereal Flours; Other than of Wheat or Meslin in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 707 | 995 | 1,716 | 2,140 | 44.7% |
| Indonesia | 80.3 | 31.4 | 180 | 1,866 | 185.4% |
| New Zealand | 1,568 | 2,070 | 1,933 | 1,628 | 1.3% |
| Fiji | 648 | 744 | 861 | 978 | 14.7% |
| South Korea | 350 | 478 | 520 | 488 | 11.7% |
| Japan | 80.6 | 543 | 282 | 367 | 65.7% |
| China | 194 | 125 | 165 | 203 | 1.5% |
| Others | 498 | 654 | 809 | 644 | 8.9% |
| Total | 4,125 | 5,639 | 6,466 | 8,314 | 26.3% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Australia in 2022:
- Thailand (3.1K tons)
- Indonesia (1.9K tons)
- New Zealand (1.8K tons)
- Fiji (1.0K tons)
- South Korea (0.5K tons)
- Japan (0.4K tons)
- China (0.2K tons)
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
