Price for Cereal Groats and Meal; of Wheat in the Czech Republic - 2023

Contents:

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

Price for Cereal Groats and Meal; of Wheat in the Czech Republic (FOB) - 2022

The average export price for cereal groats and meal; of wheats stood at $565 per ton in 2022, falling by -16.9% against the previous year. Overall, the export price, however, continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 85%. Over the period under review, the average export prices reached the peak figure at $680 per ton in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,980 per ton), while the average price for exports to Poland ($481 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 Germany (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in the Czech Republic (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $835 per ton in 2022, rising by 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 34% against the previous year. The import price peaked at $879 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($1,437 per ton), while the price for Slovakia ($671 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Groats and Meal; of Wheat in the Czech Republic

In 2022, approx. 1.9K tons of cereal groats and meal; of wheats were exported from the Czech Republic; shrinking by -26.3% on the previous year. Over the period under review, exports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 4% against the previous year.

In value terms, exports of cereal groats and meal; of wheats plummeted to $1.1M in 2022. In general, exports showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of $1.8M, and then contracted rapidly in the following year.

Top Export Markets for Cereal Groats and Meal; of Wheat from the Czech Republic in 2022:

1. Poland (1785.9 tons)
2. Slovakia (44.7 tons)
3. Germany (38.6 tons)

Imports of Cereal Groats and Meal; of Wheat in the Czech Republic

In 2022, imports of cereal groats and meal; of wheats into the Czech Republic skyrocketed to 1.1K tons, rising by 20% on 2021 figures. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of cereal groats and meal; of wheats skyrocketed to $957K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2020 indices. 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 the Czech Republic in 2022:

1. Slovakia (662.7 tons)
2. Italy (319.1 tons)
3. Germany (101.3 tons)
4. Ukraine (29.5 tons)
5. Egypt (24.0 tons)
6. Poland (4.2 tons)
7. Austria (1.1 tons)

Source: IndexBox Market Intelligence Platform