Price for Cereal Grains; Rolled or Flaked, of Oats in Ireland - 2023
Contents:
- Price for Cereal Grains; Rolled or Flaked, of Oats in Ireland (FOB) - 2023
- Price for Cereal Grains; Rolled or Flaked, of Oats in Ireland (CIF) - 2023
- Exports of Cereal Grains; Rolled or Flaked, of Oats in Ireland
- Imports of Cereal Grains; Rolled or Flaked, of Oats in Ireland
Price for Cereal Grains; Rolled or Flaked, of Oats in Ireland (FOB) - 2023
The average export price for cereal grains; rolled or flaked, of oatses stood at $2,028 per ton in September 2023, with an increase of 5.8% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 17% against the previous month. The export price peaked at $2,139 per ton in July 2023; however, from August 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In September 2023, the countries with the highest prices were South Korea ($2,471 per ton) and the United States ($2,222 per ton), while the average price for exports to Italy ($1,833 per ton) and Spain ($1,868 per ton) were amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Grains; Rolled or Flaked, of Oats in Ireland (CIF) - 2023
The average import price for cereal grains; rolled or flaked, of oatses stood at $1,532 per ton in September 2023, dropping by -3.1% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in April 2023 an increase of 51% against the previous month. The import price peaked at $1,834 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($1,833 per ton), while the price for the UK ($1,512 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+4.0%), while the prices for the other major suppliers experienced a decline.
Exports of Cereal Grains; Rolled or Flaked, of Oats in Ireland
In 2022, approx. 9.4K tons of cereal grains; rolled or flaked, of oatses were exported from Ireland; growing by 30% against the previous year's figure. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.4% 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 +51.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal grains; rolled or flaked, of oatses skyrocketed to $16M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +46.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Grains; Rolled or Flaked, of Oats in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 8.5 | 7.9 | 9.2 | 9.1 | 2.3% |
| United States | 1.0 | 1.3 | 0.9 | 4.4 | 63.9% |
| South Korea | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Norway | N/A | 0.4 | 0.6 | 0.6 | 22.5% |
| Sweden | 0.7 | 0.2 | 0.1 | 0.2 | -34.1% |
| Spain | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 0.8 | 0.7 | 0.6 | 0.7 | -4.4% |
| Total | 11.5 | 10.9 | 12.1 | 16.0 | 11.6% |
Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from Ireland in 2022:
- United Kingdom (5.1K tons)
- United States (2.9K tons)
- Norway (0.5K tons)
- South Korea (0.3K tons)
- Sweden (0.1K tons)
- Spain (0.1K tons)
Imports of Cereal Grains; Rolled or Flaked, of Oats in Ireland
For the third year in a row, Ireland recorded decline in purchases abroad of cereal grains; rolled or flaked, of oatses, which decreased by -33.7% to 1.4K tons in 2022. Over the period under review, imports showed a dramatic contraction. The smallest decline of -0.8% was in 2020.
In value terms, imports of cereal grains; rolled or flaked, of oatses plummeted to $2.1M in 2022. Overall, imports saw a precipitous setback. The pace of growth appeared the most rapid in 2020 when imports increased by 10% against the previous year. As a result, imports reached the peak of $5.5M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Cereal Grains; Rolled or Flaked, of Oats in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.0 | 4.0 | 2.3 | 1.3 | -31.2% |
| Germany | 1.0 | 1.3 | 1.0 | 0.7 | -11.2% |
| Denmark | N/A | N/A | N/A | 0.1 | 0% |
| Belgium | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 5.0 | 5.5 | 3.4 | 2.1 | -25.1% |
Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to Ireland in 2022:
- United Kingdom (922.9 tons)
- Germany (350.6 tons)
- Denmark (52.8 tons)
- Belgium (0.3 tons)
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