Price for Cereal Groats and Meal; of Wheat in Luxembourg - 2023
Contents:
- Price for Cereal Groats and Meal; of Wheat in Luxembourg (FOB) - 2023
- Price for Cereal Groats and Meal; of Wheat in Luxembourg (CIF) - 2022
- Exports of Cereal Groats and Meal; of Wheat in Luxembourg
- Imports of Cereal Groats and Meal; of Wheat in Luxembourg
Price for Cereal Groats and Meal; of Wheat in Luxembourg (FOB) - 2023
The average export price for cereal groats and meal; of wheats stood at $787 per ton in September 2023, approximately equating the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 4.8% m-o-m. As a result, the export price attained the peak level of $833 per ton. From May 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Azerbaijan.
From December 2022 to September 2023, the rate of growth in terms of prices for France amounted to +0.9% per month.
Price for Cereal Groats and Meal; of Wheat in Luxembourg (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $865 per ton in 2022, rising by 11% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 70% against the previous year. Over the period under review, average import prices attained the peak figure at $1,880 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($1,878 per ton), while the price for Germany ($625 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats and Meal; of Wheat in Luxembourg
In 2022, exports of cereal groats and meal; of wheats from Luxembourg totaled 52K tons, almost unchanged from 2021 figures. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, the exports reached the peak of 55K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cereal groats and meal; of wheats skyrocketed to $38M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Wheat in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 8.0 | 7.5 | 9.6 | 13.3 | 18.5% |
| Germany | 7.4 | 10.1 | 9.3 | 11.7 | 16.5% |
| France | 7.3 | 7.1 | 8.5 | 11.6 | 16.7% |
| Poland | 0.3 | 0.3 | 0.5 | 0.9 | 44.2% |
| Netherlands | 0.6 | 0.7 | 0.5 | 0.4 | -12.6% |
| Others | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Total | 23.9 | 25.9 | 28.7 | 38.3 | 17.0% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Luxembourg in 2022:
- Belgium (17.5K tons)
- France (16.3K tons)
- Germany (16.3K tons)
- Poland (1.1K tons)
- Netherlands (0.4K tons)
Imports of Cereal Groats and Meal; of Wheat in Luxembourg
In 2022, after three years of growth, there was significant decline in supplies from abroad of cereal groats and meal; of wheats, when their volume decreased by -46.6% to 874 tons. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of 1.6K tons, and then shrank sharply in the following year.
In value terms, imports of cereal groats and meal; of wheats reduced remarkably to $756K in 2022. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, imports attained the peak of $1.3M, and then fell remarkably in the following year.
| Import of Cereal Groats and Meal; of Wheat in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 319 | 305 | 441 | 376 | 5.6% |
| Belgium | 190 | 209 | 327 | 216 | 4.4% |
| Italy | 45.7 | 65.3 | 65.0 | 101 | 30.3% |
| France | 81.2 | 118 | 437 | 55.8 | -11.8% |
| Others | 16.7 | 18.4 | 7.1 | 7.9 | -22.1% |
| Total | 653 | 716 | 1,277 | 756 | 5.0% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Luxembourg in 2022:
- Germany (601.1 tons)
- Belgium (114.9 tons)
- Italy (103.2 tons)
- France (50.0 tons)
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