Price for Cereal Flours; Other than of Wheat or Meslin in India - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in India (FOB) - 2023
- Price for Cereal Flours; Other than of Wheat or Meslin in India (CIF) - 2022
- Exports of Cereal Flours; Other than of Wheat or Meslin in India
- Imports of Cereal Flours; Other than of Wheat or Meslin in India
Price for Cereal Flours; Other than of Wheat or Meslin in India (FOB) - 2023
In November 2023, the average export price for cereal flours; other than of wheat or meslin amounted to $792 per ton, reducing by -19.7% against the previous month. In general, the export price continues to indicate a slight shrinkage. The growth pace was the most rapid in May 2023 an increase of 30% m-o-m. The export price peaked at $1,163 per ton in August 2023; however, from September 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,334 per ton), while the average price for exports to Somalia ($380 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flours; Other than of Wheat or Meslin in India (CIF) - 2022
The average import price for cereal flours; other than of wheat or meslin stood at $2,544 per ton in 2022, growing by 69% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $3,430 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 the United States ($5,462 per ton), while the price for Thailand ($1,030 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Flours; Other than of Wheat or Meslin in India
In 2022, exports of cereal flours; other than of wheat or meslin from India skyrocketed to 51K tons, with an increase of 33% compared with the year before. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cereal flours; other than of wheat or meslin soared to $40M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Flours; Other than of Wheat or Meslin in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.4 | 5.8 | 5.6 | 13.9 | 37.0% |
| United Arab Emirates | 1.5 | 1.8 | 2.3 | 3.9 | 37.5% |
| South Korea | 2.1 | 3.2 | 3.0 | 3.6 | 19.7% |
| Canada | 0.9 | 1.5 | 1.9 | 2.6 | 42.4% |
| Saudi Arabia | 0.5 | 1.2 | 1.4 | 2.3 | 66.3% |
| United Kingdom | 1.0 | 1.9 | 2.0 | 1.9 | 23.9% |
| Qatar | 0.5 | 1.1 | 1.1 | 1.7 | 50.4% |
| Australia | 0.9 | 1.3 | 1.4 | 1.5 | 18.6% |
| Bangladesh | N/A | N/A | N/A | 0.9 | 0% |
| Senegal | N/A | N/A | N/A | 0.9 | 0% |
| Kuwait | 0.3 | 0.7 | 0.7 | 0.7 | 32.6% |
| Thailand | 0.5 | 0.6 | 0.5 | 0.6 | 6.3% |
| Indonesia | N/A | 0.3 | 0.2 | 0.3 | 0.0% |
| Others | 2.8 | 4.2 | 5.7 | 5.2 | 22.9% |
| Total | 16.3 | 23.6 | 25.9 | 40.0 | 34.9% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from India in 2022:
- United States (9.7K tons)
- South Korea (9.0K tons)
- United Arab Emirates (5.0K tons)
- Canada (3.3K tons)
- Bangladesh (2.8K tons)
- Saudi Arabia (2.5K tons)
- Senegal (2.3K tons)
- United Kingdom (2.2K tons)
- Qatar (2.1K tons)
- Australia (1.6K tons)
- Thailand (1.4K tons)
- Indonesia (1.0K tons)
- Kuwait (0.8K tons)
Imports of Cereal Flours; Other than of Wheat or Meslin in India
In 2022, overseas purchases of cereal flours; other than of wheat or meslin decreased by -17.2% to 34 tons, falling for the second year in a row after two years of growth. In general, imports showed a sharp slump. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of 157 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cereal flours; other than of wheat or meslin surged to $87K in 2022. Over the period under review, imports recorded a precipitous curtailment.
| Import of Cereal Flours; Other than of Wheat or Meslin in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 79.4 | 42.8 | 34.5 | 55.4 | -11.3% |
| Thailand | 46.7 | 46.0 | 5.6 | 14.9 | -31.7% |
| Italy | 1.4 | 2.6 | 2.4 | 8.2 | 80.3% |
| Singapore | 3.4 | 0.6 | N/A | 4.0 | 5.6% |
| Japan | N/A | N/A | N/A | 3.9 | 0% |
| South Korea | N/A | 18.3 | N/A | N/A | 0% |
| China | 14.2 | 5.0 | N/A | N/A | -64.8% |
| Sweden | 4.0 | 0.7 | N/A | N/A | -82.5% |
| France | 33.3 | N/A | 1.9 | N/A | -76.1% |
| United Arab Emirates | 6.3 | 26.2 | 5.3 | N/A | -8.3% |
| Taiwan (Chinese) | N/A | N/A | 8.3 | N/A | 0% |
| Netherlands | 5.5 | 16.1 | N/A | N/A | 192.7% |
| Turkey | 10.4 | N/A | N/A | N/A | 0% |
| Others | 8.8 | 4.5 | 4.4 | 1.0 | -51.6% |
| Total | 213 | 163 | 62.4 | 87.4 | -25.7% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to India in 2022:
- Thailand (14.5 tons)
- United States (10.1 tons)
- Italy (4.6 tons)
- Japan (2.5 tons)
- Singapore (1.8 tons)
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