Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in India - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in India (CIF) - 2023
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in India (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in India
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in India

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in India (CIF) - 2023

In November 2023, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses amounted to $607 per ton, almost unchanged from the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 8.6% month-to-month. As a result, import price attained the peak level of $737 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were the United Arab Emirates ($714 per ton) and Australia ($616 per ton), while the price for Lithuania ($545 per ton) and the UK ($560 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in India (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses amounted to $3,694 per ton, picking up by 5.9% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 79% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($5,832 per ton), while the average price for exports to Bhutan ($1,482 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 Sri Lanka (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in India

In 2022, overseas purchases of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses decreased by -3.9% to 24K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.4% 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 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of 25K tons, and then reduced in the following year.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses expanded remarkably to $16M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats to India in 2022:

1. Australia (15.2K tons)
2. Chile (4.9K tons)
3. Lithuania (2.3K tons)
4. Ukraine (1.0K tons)
5. United Kingdom (0.3K tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in India

In 2022, the amount of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses exported from India contracted markedly to 4.7 tons, waning by -60.4% on 2021. Over the period under review, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2021 when exports increased by 7.4% against the previous year.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses dropped rapidly to $17K in 2022. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, the exports reached the peak of $41K, and then contracted markedly in the following year.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats from India in 2022:

1. Singapore (1510.0 kg)
2. United States (1235.0 kg)
3. New Zealand (751.0 kg)
4. Australia (465.0 kg)
5. United Arab Emirates (213.0 kg)
6. Malaysia (143.0 kg)
7. Bhutan (141.0 kg)

Source: IndexBox Market Intelligence Platform