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

Contents:

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

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

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $10,741 per ton in 2022, picking up by 66% against the previous year. In general, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 194% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($11,719 per ton), while the price for South Korea ($112 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+22.7%), 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 Singapore (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $2,901 per ton in 2022, approximately mirroring the previous year. In general, the export price, however, enjoyed a notable expansion. The growth pace was the most rapid in 2013 an increase of 90% against the previous year. The export price peaked at $4,837 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +3.2% per year.

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

In 2022, purchases abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses decreased by -48.2% to 212 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 170%.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses fell to $2.3M in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 591%. As a result, imports attained the peak of $2.7M, and then contracted in the following year.

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

1. Malaysia (191.2 tons)
2. Australia (12.0 tons)
3. South Korea (3.5 tons)
4. Spain (3.4 tons)

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

For the fourth year in a row, Singapore recorded growth in overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses, which increased by 27% to 91 tons in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 791%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses surged to $263K in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 437%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Malaysia (90.6 tons)

Source: IndexBox Market Intelligence Platform