Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Portugal - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Portugal (CIF) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Portugal (FOB) - 2023
3. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Portugal
4. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Portugal

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

In 2022, the average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $461 per ton, which is down by -26.6% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses increased by +32.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. As a result, import price reached the peak level of $628 per ton, and then contracted rapidly in the following year.

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 Brazil ($1,193 per ton), while the price for France ($338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), 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 Portugal (FOB) - 2023

The average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $1,839 per ton in September 2023, shrinking by -3% against the previous month. Over the period under review, the export price, however, saw a prominent expansion. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 136% against the previous month. The export price peaked at $2,327 per ton in April 2023; however, from May 2023 to September 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 Spain ($2,052 per ton), while the average price for exports to Morocco amounted to $804 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+12.8%).

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

After two years of decline, overseas purchases of cereal grains; rolled or flaked, of cereals excluding barley and oatses increased by 342% to 8.2K tons in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses skyrocketed to $3.8M in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Spain (7.8K tons)
2. Brazil (0.2K tons)
3. France (0.1K tons)

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

Exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses from Portugal expanded modestly to 349 tons in 2022, rising by 1.5% on the previous year's figure. Overall, exports, however, recorded a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. As a result, the exports attained the peak of 1.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses declined to $408K in 2022. In general, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Spain (256.4 tons)
2. Morocco (33.3 tons)
3. France (22.9 tons)
4. Belgium (9.9 tons)
5. Ireland (9.4 tons)
6. Lithuania (2.8 tons)
7. United Kingdom (0.9 tons)

Source: IndexBox Market Intelligence Platform