Price for Cereal Groats and Meal; of Wheat in Chile - 2024

Price for Cereal Groats and Meal; of Wheat in Chile (CIF) - 2024

In September 2023, the average import price for cereal groats and meal; of wheats amounted to $815 per ton, picking up by 2.9% against the previous month. Overall, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in April 2023 an increase of 3.3% m-o-m. As a result, import price attained the peak level of $928 per ton. From May 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 Italy ($1,119 per ton), while the price for Mexico ($729 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Mexico (-0.8%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Groats and Meal; of Wheat in Chile (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of wheats amounted to $4,481 per ton, picking up by 49% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of wheats increased by +73.1% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,744 per ton), while the average price for exports to Australia stood at $2,460 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.5%).

Imports of Cereal Groats and Meal; of Wheat in Chile

In 2022, the amount of cereal groats and meal; of wheats imported into Chile rose markedly to 1.7K tons, growing by 8% on 2021. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of cereal groats and meal; of wheats soared to $1.4M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Cereal Groats and Meal; of Wheat in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	673	516	828	1,128	18.8%
Mexico	112	60.3	86.9	147	9.5%
Italy	95.5	52.1	121	107	3.9%
United States	73.3	116	23.7	N/A	-43.1%
Others	N/A	0.5	2.5	1.3	61.2%
Total	955	745	1,062	1,383	13.1%

Top Suppliers of Cereal Groats and Meal; of Wheat to Chile in 2022:

Argentina (1372.3 tons)
Mexico (201.1 tons)
Italy (80.9 tons)

Exports of Cereal Groats and Meal; of Wheat in Chile

In 2022, exports of cereal groats and meal; of wheats from Chile surged to 260 kg, increasing by 1,429% compared with 2021 figures. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of wheats skyrocketed to $1.2K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.