Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Australia - 2024

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Australia (CIF) - 2024
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Australia (FOB) - 2022
3. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Australia
4. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Australia

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Australia (CIF) - 2024

The average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $1,657 per ton in September 2023, picking up by 1.7% against the previous month. Over the period under review, import price indicated a perceptible increase from January 2023 to September 2023: its price increased at an average monthly rate of +4.0% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses decreased by -15.8% against May 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 98% m-o-m. As a result, import price reached the peak level of $1,968 per ton. From June 2023 to September 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($4,219 per ton), while the price for India ($1,012 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Australia (FOB) - 2022

In 2022, the average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $875 per ton, which is down by -10.8% against the previous year. Overall, the export price recorded a noticeable curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 58%. The export price peaked at $1,492 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($2,409 per ton), while the average price for exports to the Philippines ($368 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 South Korea (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Australia

In 2022, supplies from abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses decreased by -5.4% to 461 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 41% against the previous year. As a result, imports attained the peak of 561 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses reduced to $877K in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 48%. As a result, imports reached the peak of $1M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Australia in 2022:

1. India (210.7 tons)
2. Bolivia (147.0 tons)
3. Taiwan (Chinese) (28.1 tons)
4. South Korea (21.9 tons)
5. United States (19.5 tons)
6. Nepal (10.2 tons)
7. United Kingdom (8.3 tons)
8. Germany (6.6 tons)

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Australia

In 2022, overseas shipments of cereal grains; rolled or flaked, of cereals excluding barley and oatses decreased by -19.4% to 343 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 9.1%. As a result, the exports reached the peak of 582 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses fell significantly to $300K in 2022. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 11%.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Australia in 2022:

1. Malaysia (107.3 tons)
2. New Zealand (106.3 tons)
3. Thailand (60.8 tons)
4. Philippines (42.8 tons)
5. South Korea (14.9 tons)
6. Taiwan (Chinese) (6.3 tons)

Source: IndexBox Market Intelligence Platform