Price for Cereal Groats and Meal; of Wheat in Russia - 2022

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

The average export price for cereal groats and meal; of wheats stood at $574 per ton in 2022, with an increase of 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Tajikistan ($681 per ton) and Kyrgyzstan ($651 per ton), while the average price for exports to Mongolia ($499 per ton) and Azerbaijan ($515 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in Russia (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $770 per ton in 2022, surging by 29% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of wheats increased by +155.8% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 38%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,130 per ton), while the price for Kazakhstan ($728 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Groats and Meal; of Wheat in Russia

In 2022, the amount of cereal groats and meal; of wheats exported from Russia shrank to 13K tons, waning by -11.6% against 2021 figures. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of 15K tons, and then contracted in the following year.

In value terms, exports of cereal groats and meal; of wheats stood at $7.4M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +49.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Cereal Groats and Meal; of Wheat in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	1,181	1,103	1,370	2,079	20.7%
Uzbekistan	1,036	1,024	1,520	1,952	23.5%
Azerbaijan	571	775	478	916	17.1%
Georgia	324	350	538	743	31.9%
Mongolia	300	179	297	444	14.0%
Kyrgyzstan	116	188	315	442	56.2%
Tajikistan	99.8	174	112	151	14.8%
Belarus	1,025	565	541	N/A	-27.3%
Ghana	N/A	N/A	1,257	N/A	0%
Others	387	620	407	704	22.1%
Total	5,040	4,979	6,833	7,430	13.8%

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

Kazakhstan (4.0K tons)
Uzbekistan (3.3K tons)
Azerbaijan (1.8K tons)
Georgia (1.4K tons)
Mongolia (0.9K tons)
Kyrgyzstan (0.7K tons)
Tajikistan (0.2K tons)

Imports of Cereal Groats and Meal; of Wheat in Russia

After three years of growth, supplies from abroad of cereal groats and meal; of wheats decreased by -39.7% to 5.9K tons in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 139%. As a result, imports reached the peak of 9.8K tons, and then dropped significantly in the following year.

In value terms, imports of cereal groats and meal; of wheats contracted dramatically to $4.6M in 2022. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 186% against the previous year. As a result, imports attained the peak of $5.9M, and then dropped remarkably in the following year.

Import of Cereal Groats and Meal; of Wheat in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	740	1,591	5,062	3,841	73.1%
Italy	337	270	522	543	17.2%
Armenia	15.3	59.6	118	86.5	78.1%
Turkey	33.0	47.0	64.2	60.0	22.1%
Others	202	94.0	127	37.9	-42.8%
Total	1,327	2,061	5,893	4,568	51.0%