Price for Cereal Groats and Meal; of Wheat in Croatia - 2023

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Croatia (CIF) - 2023
2. Price for Cereal Groats and Meal; of Wheat in Croatia (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Croatia
4. Exports of Cereal Groats and Meal; of Wheat in Croatia

Price for Cereal Groats and Meal; of Wheat in Croatia (CIF) - 2023

In September 2023, the average import price for cereal groats and meal; of wheats amounted to $566 per ton, growing by 9.3% against the previous month. In general, the import price, however, recorded a pronounced downturn. The import price peaked at $713 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Serbia.

From November 2022 to September 2023, the rate of growth in terms of prices for Germany amounted to +17.5% per month.

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

In 2022, the average export price for cereal groats and meal; of wheats amounted to $3,465 per ton, shrinking by -16.5% against the previous year. Overall, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by 141%. The export price peaked at $4,151 per ton in 2021, and then declined markedly in the following year.

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 Austria ($5,384 per ton), while the average price for exports to Slovenia ($832 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 Italy (+61.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Croatia

In 2022, overseas purchases of cereal groats and meal; of wheats decreased by -11.6% to 14K tons, falling for the second year in a row after two years of growth. Overall, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2020 when imports increased by 2.8% against the previous year. As a result, imports attained the peak of 16K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cereal groats and meal; of wheats skyrocketed to $8.8M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Hungary (6.0K tons)
2. Austria (4.9K tons)
3. Italy (1.6K tons)
4. Slovenia (0.6K tons)
5. Germany (0.4K tons)

Exports of Cereal Groats and Meal; of Wheat in Croatia

For the fourth consecutive year, Croatia recorded growth in shipments abroad of cereal groats and meal; of wheats, which increased by 22% to 470 tons in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 427% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of cereal groats and meal; of wheats rose slightly to $1.6M in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,169% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Cereal Groats and Meal; of Wheat from Croatia in 2022:

1. Germany (137.1 tons)
2. Bosnia and Herzegovina (104.8 tons)
3. Austria (63.4 tons)
4. Turkey (43.2 tons)
5. Slovenia (34.9 tons)
6. United States (33.2 tons)
7. France (24.2 tons)

Source: IndexBox Market Intelligence Platform