Price for Cereal Groats and Meal; of Wheat in Venezuela - 2022
Contents:
- Price for Cereal Groats and Meal; of Wheat in Venezuela (CIF) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Venezuela
Price for Cereal Groats and Meal; of Wheat in Venezuela (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $1,184 per ton in 2022, jumping by 25% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 66%. As a result, import price attained the peak level of $1,398 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,344 per ton), while the price for Turkey ($787 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Cereal Groats and Meal; of Wheat in Venezuela
Imports of cereal groats and meal; of wheats into Venezuela surged to 15 tons in 2022, increasing by 280% on the year before. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,158%. As a result, imports reached the peak of 65 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 soared to $18K in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 1,729%. As a result, imports attained the peak of $56K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cereal Groats and Meal; of Wheat in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.0 | 46.3 | 1.5 | 11.8 | 80.7% |
| Lebanon | 0.7 | 5.3 | 1.7 | 5.1 | 93.9% |
| Turkey | 0.4 | 4.8 | 0.5 | 0.8 | 26.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.1 | 56.4 | 3.7 | 17.8 | 79.1% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Venezuela in 2022:
- Italy (8.8 tons)
- Lebanon (5.2 tons)
- Turkey (1.1 tons)
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