Price for Cereal Groats and Meal; of Wheat in the United States - 2024
Contents:
- Price for Cereal Groats and Meal; of Wheat in the United States (CIF) - 2024
- Price for Cereal Groats and Meal; of Wheat in the United States (FOB) - 2024
- Imports of Cereal Groats and Meal; of Wheat in the United States
- Exports of Cereal Groats and Meal; of Wheat in the United States
Price for Cereal Groats and Meal; of Wheat in the United States (CIF) - 2024
In September 2023, the average import price for cereal groats and meal; of wheats amounted to $789 per ton, increasing by 9.1% against the previous month. Over the period from February 2023 to September 2023, it increased at an average monthly rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($2,070 per ton), while the price for Mexico ($558 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Israel (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Wheat in the United States (FOB) - 2024
The average export price for cereal groats and meal; of wheats stood at $575 per ton in September 2023, waning by -5.1% against the previous month. In general, the export price recorded a slight slump. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 5.4% against the previous month. Over the period under review, the average export prices attained the peak figure at $641 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Mexico ($641 per ton), while the average price for exports to the Dominican Republic ($536 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Wheat in the United States
In 2022, approx. 66K tons of cereal groats and meal; of wheats were imported into the United States; growing by 22% against 2021 figures. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of cereal groats and meal; of wheats skyrocketed to $49M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.2% 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 +86.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 11.6 | 14.1 | 14.7 | 24.3 | 28.0% |
| Mexico | 8.5 | 12.0 | 10.9 | 18.2 | 28.9% |
| Israel | 1.3 | 2.0 | 1.8 | 1.9 | 13.5% |
| India | 3.1 | 3.1 | 2.0 | 1.8 | -16.6% |
| Others | 1.5 | 1.8 | 1.6 | 2.2 | 13.6% |
| Total | 26.0 | 32.9 | 31.0 | 48.5 | 23.1% |
Top Suppliers of Cereal Groats and Meal; of Wheat to the United States in 2022:
- Mexico (35.3K tons)
- Canada (25.6K tons)
- India (2.3K tons)
- Israel (1.2K tons)
Exports of Cereal Groats and Meal; of Wheat in the United States
In 2022, the amount of cereal groats and meal; of wheats exported from the United States skyrocketed to 16K tons, rising by 22% against the previous year's figure. The total export volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of wheats skyrocketed to $9.3M in 2022. The total export value increased at an average annual rate of +9.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Wheat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.4 | 6.5 | 5.9 | 7.4 | 11.1% |
| Mexico | 0.1 | N/A | 0.1 | 0.5 | 71.0% |
| Barbados | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
| Haiti | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Bahamas | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Trinidad and Tobago | 0.3 | 0.2 | 0.2 | 0.1 | -30.7% |
| Dominican Republic | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Others | 0.4 | 0.6 | 0.4 | 0.4 | 0.0% |
| Total | 7.1 | 8.0 | 7.3 | 9.3 | 9.4% |
Top Export Markets for Cereal Groats and Meal; of Wheat from the United States in 2022:
- Canada (12.8K tons)
- Barbados (0.9K tons)
- Mexico (0.8K tons)
- Trinidad and Tobago (0.3K tons)
- Haiti (0.3K tons)
- Bahamas (0.2K tons)
- Dominican Republic (0.1K tons)
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