Price for Cereal Groats and Meal; of Wheat in Vietnam - 2022
Contents:
- Price for Cereal Groats and Meal; of Wheat in Vietnam (FOB) - 2022
- Price for Cereal Groats and Meal; of Wheat in Vietnam (CIF) - 2022
- Exports of Cereal Groats and Meal; of Wheat in Vietnam
- Imports of Cereal Groats and Meal; of Wheat in Vietnam
Price for Cereal Groats and Meal; of Wheat in Vietnam (FOB) - 2022
The average export price for cereal groats and meal; of wheats stood at $753 per ton in 2022, jumping by 27% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,966 per ton), while the average price for exports to Taiwan (Chinese) ($179 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 the United States (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Wheat in Vietnam (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $800 per ton in 2022, rising by 39% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of wheats increased by +84.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 62% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($2,773 per ton), while the price for Malaysia ($577 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats and Meal; of Wheat in Vietnam
In 2022, approx. 392 tons of cereal groats and meal; of wheats were exported from Vietnam; with an increase of 48% against the previous year's figure. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 552% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of cereal groats and meal; of wheats soared to $295K in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 684% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Cereal Groats and Meal; of Wheat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 34.9 | 6.3 | 117 | 258 | 94.8% |
| Philippines | 11.9 | 5.9 | 9.8 | 15.7 | 9.7% |
| United States | 4.4 | 4.7 | 6.1 | 4.4 | 0.0% |
| Taiwan (Chinese) | 1.3 | 0.7 | 1.2 | 2.1 | 17.3% |
| Malaysia | N/A | N/A | 18.2 | N/A | 0% |
| Others | 5.4 | 2.6 | 5.8 | 14.7 | 39.6% |
| Total | 57.8 | 20.1 | 158 | 295 | 72.2% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Vietnam in 2022:
- Cambodia (351.9 tons)
- Philippines (23.2 tons)
- Taiwan (Chinese) (11.5 tons)
- United States (2.3 tons)
Imports of Cereal Groats and Meal; of Wheat in Vietnam
In 2022, imports of cereal groats and meal; of wheats into Vietnam skyrocketed to 195 tons, picking up by 169% compared with the previous year. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of wheats soared to $156K in 2022. In general, imports recorded a significant expansion. 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 Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 9.9 | 14.2 | 24.0 | 99.5 | 115.8% |
| Italy | 2.0 | 3.3 | 5.7 | 21.3 | 120.0% |
| Australia | 1.1 | 1.6 | 3.4 | 14.9 | 138.4% |
| India | 3.0 | 2.0 | 1.1 | 8.0 | 38.7% |
| Canada | 4.1 | N/A | N/A | N/A | 0% |
| Others | 1.2 | 2.0 | 7.5 | 12.3 | 117.2% |
| Total | 21.3 | 23.2 | 41.7 | 156 | 94.2% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Vietnam in 2022:
- Malaysia (172.4 tons)
- Italy (9.4 tons)
- Australia (5.4 tons)
- India (3.2 tons)
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