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

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Ukraine (CIF) - 2023
2. Price for Cereal Groats and Meal; of Wheat in Ukraine (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Ukraine
4. Exports of Cereal Groats and Meal; of Wheat in Ukraine

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

In August 2023, the average import price for cereal groats and meal; of wheats amounted to $833 per ton, declining by -2.6% against the previous month. Over the period under review, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in April 2023 an increase of 22% m-o-m. The import price peaked at $1,333 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,385 per ton), while the price for Hungary ($690 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 Germany (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cereal groats and meal; of wheats stood at $490 per ton in 2022, with an increase of 15% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of wheats increased by +87.6% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,054 per ton), while the average price for exports to Latvia ($325 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 (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Ukraine

In 2022, after three years of growth, there was significant decline in overseas purchases of cereal groats and meal; of wheats, when their volume decreased by -53.6% to 1.8K tons. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 9.9% against the previous year.

In value terms, imports of cereal groats and meal; of wheats contracted markedly to $1.6M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year.

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

1. Italy (683.5 tons)
2. Turkey (392.0 tons)
3. Hungary (363.3 tons)
4. Belgium (154.1 tons)
5. Belarus (89.4 tons)
6. Germany (29.7 tons)

Exports of Cereal Groats and Meal; of Wheat in Ukraine

In 2022, exports of cereal groats and meal; of wheats from Ukraine skyrocketed to 3.2K tons, increasing by 15% on 2021. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, exports of cereal groats and meal; of wheats skyrocketed to $1.6M in 2022. The total export value increased at an average annual rate of +12.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Ukraine in 2022:

1. Moldova (1802.2 tons)
2. Palestine (719.0 tons)
3. Israel (320.1 tons)
4. Latvia (124.5 tons)
5. Germany (112.8 tons)
6. Georgia (0.9 tons)

Source: IndexBox Market Intelligence Platform