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

Contents:

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

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

The average import price for cereal groats and meal; of wheats stood at $603 per ton in August 2023, declining by -7.6% against the previous month. Overall, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in February 2023 an increase of 2.3% against the previous month. The import price peaked at $851 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($1,897 per ton), while the price for Hungary ($506 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in Poland (FOB) - 2023

In September 2023, the average export price for cereal groats and meal; of wheats amounted to $839 per ton, growing by 6.1% against the previous month. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 10% m-o-m. As a result, the export price reached the peak level of $1,269 per ton. From March 2023 to September 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Norway ($2,948 per ton), while the average price for exports to the United States ($1,343 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Poland

In 2022, supplies from abroad of cereal groats and meal; of wheats decreased by -9.1% to 30K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 4%. As a result, imports reached the peak of 41K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cereal groats and meal; of wheats surged to $23M in 2022. The total import value increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Hungary (14.3K tons)
2. Austria (7.1K tons)
3. France (2.5K tons)
4. Italy (1.6K tons)
5. Slovakia (1.5K tons)
6. Czech Republic (1.0K tons)
7. Luxembourg (0.9K tons)
8. Germany (0.6K tons)

Exports of Cereal Groats and Meal; of Wheat in Poland

Exports of cereal groats and meal; of wheats from Poland skyrocketed to 11K tons in 2022, picking up by 301% compared with 2021. Over the period under review, exports showed significant growth. 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 surged to $6.4M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (9.0K tons)
2. Lithuania (1.3K tons)
3. Ukraine (0.4K tons)
4. Belgium (0.2K tons)
5. United Kingdom (0.1K tons)
6. Slovakia (0.1K tons)

Source: IndexBox Market Intelligence Platform