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

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Uruguay (CIF) - 2022
2. Imports of Cereal Groats and Meal; of Wheat in Uruguay

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

The average import price for cereal groats and meal; of wheats stood at $661 per ton in 2022, surging by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($662 per ton), while the price for Mexico totaled $409 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.7%).

Imports of Cereal Groats and Meal; of Wheat in Uruguay

In 2022, purchases abroad of cereal groats and meal; of wheats decreased by -3.4% to 1.4K tons, falling for the second year in a row after two years of growth. In general, imports saw a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 0.4% against the previous year. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cereal groats and meal; of wheats reached $944K in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. 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 Uruguay in 2022:

1. Argentina (1401.7 tons)
2. Mexico (20.1 tons)

Source: IndexBox Market Intelligence Platform