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

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

The average import price for cereal groats and meal; of wheats stood at $753 per ton in September 2023, with a decrease of -6.6% against the previous month. In general, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in April 2023 when the average import price increased by 3% against the previous month. As a result, import price attained the peak level of $964 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,276 per ton), while the price for Austria ($735 per ton) was amongst the lowest.

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

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

In 2022, the average export price for cereal groats and meal; of wheats amounted to $656 per ton, increasing by 33% against the previous year. In general, the export price, however, saw a deep downturn. Over the period under review, the average export prices reached the maximum at $1,566 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($1,506 per ton), while the average price for exports to France totaled $635 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Groats and Meal; of Wheat in Switzerland

For the fourth year in a row, Switzerland recorded growth in overseas purchases of cereal groats and meal; of wheats, which increased by 62% to 5.7K tons in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal groats and meal; of wheats skyrocketed to $5.1M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cereal Groats and Meal; of Wheat in Switzerland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	649	1,077	1,055	2,606	58.9%
Italy	515	917	1,309	1,804	51.9%
Germany	206	161	336	571	40.5%
Others	103	144	158	128	7.5%
Total	1,473	2,300	2,858	5,109	51.4%

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

Austria (3.2K tons)
Italy (1.7K tons)
Germany (0.7K tons)

Exports of Cereal Groats and Meal; of Wheat in Switzerland

In 2022, the amount of cereal groats and meal; of wheats exported from Switzerland reached 4.5K tons, therefore, remained relatively stable against the year before. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 23%. As a result, the exports reached the peak of 5.1K 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 soared to $2.9M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.