Price for Cereal Flours; Other than of Wheat or Meslin in Greece - 2023

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Greece (CIF) - 2022
2. Price for Cereal Flours; Other than of Wheat or Meslin in Greece (FOB) - 2023
3. Imports of Cereal Flours; Other than of Wheat or Meslin in Greece
4. Exports of Cereal Flours; Other than of Wheat or Meslin in Greece

Price for Cereal Flours; Other than of Wheat or Meslin in Greece (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $524 per ton in 2022, surging by 31% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $559 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,702 per ton), while the price for Bulgaria ($416 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+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 Greece (FOB) - 2023

The average export price for cereal flours; other than of wheat or meslin stood at $603 per ton in October 2023, dropping by -11.3% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 8.7% m-o-m. As a result, the export price reached the peak level of $760 per ton. From February 2023 to October 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Cyprus ($1,076 per ton), while the average price for exports to Romania ($583 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Flours; Other than of Wheat or Meslin in Greece

In 2022, purchases abroad of cereal flours; other than of wheat or meslin decreased by -32.8% to 20K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 93%. As a result, imports reached the peak of 29K tons, and then shrank significantly in the following year.

In value terms, imports of cereal flours; other than of wheat or meslin dropped to $10M in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 73%. As a result, imports attained the peak of $12M, and then reduced in the following year.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Greece in 2022:

1. Bulgaria (15.4K tons)
2. Netherlands (1.9K tons)
3. Germany (0.8K tons)
4. Romania (0.5K tons)
5. Austria (0.3K tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in Greece

In 2022, approx. 4.5K tons of cereal flours; other than of wheat or meslin were exported from Greece; declining by -3.7% on the previous year. In general, 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 increased by +63.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, the exports reached the peak of 4.6K tons, and then declined slightly in the following year.

In value terms, exports of cereal flours; other than of wheat or meslin skyrocketed to $2.7M in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 87%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Greece in 2022:

1. Romania (2889.6 tons)
2. Bulgaria (1163.3 tons)
3. Cyprus (133.4 tons)
4. Germany (100.9 tons)
5. United Arab Emirates (93.5 tons)
6. Albania (41.4 tons)

Source: IndexBox Market Intelligence Platform