Price for Cereal Groats; Meal and Pellets in Australia - 2023

Contents:

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

Price for Cereal Groats; Meal and Pellets in Australia (FOB) - 2023

In July 2023, the average export price for cereal groats; meal and pelletses amounted to $833 per ton, shrinking by -30.8% against the previous month. In general, the export price showed a perceptible setback. The most prominent rate of growth was recorded in October 2022 an increase of 65% m-o-m. Over the period under review, the average export prices hit record highs at $1,259 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Papua New Guinea ($2,598 per ton), while the average price for exports to Singapore ($506 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Australia (CIF) - 2023

In July 2023, the average import price for cereal groats; meal and pelletses amounted to $1,198 per ton, standing approximately at the previous month. In general, import price indicated temperate growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cereal groats; meal and pellets import price decreased by -14.1% against May 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 65% against the previous month. As a result, import price reached the peak level of $2,003 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($1,457 per ton), while the price for Brazil ($546 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Groats; Meal and Pellets in Australia

After three years of growth, overseas shipments of cereal groats; meal and pelletses decreased by -39.5% to 8.1K tons in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 37%.

In value terms, cereal groats; meal and pellets exports shrank to $7.7M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 21% against the previous year.

Top Export Markets for Cereal Groats; Meal and Pellets from Australia in 2022:

1. New Zealand (1.6K tons)
2. China (1.5K tons)
3. Philippines (1.2K tons)
4. Vietnam (1.1K tons)
5. Qatar (0.9K tons)
6. Papua New Guinea (0.5K tons)
7. Japan (0.5K tons)

Imports of Cereal Groats; Meal and Pellets in Australia

Cereal groats; meal and pellets imports into Australia rose to 2.8K tons in 2022, growing by 4.2% compared with the year before. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 216% against the previous year. As a result, imports attained the peak of 5.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cereal groats; meal and pellets imports soared to $2.7M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 296%. As a result, imports reached the peak of $5.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Cereal Groats; Meal and Pellets to Australia in 2022:

1. Italy (1003.4 tons)
2. Brazil (854.4 tons)
3. India (415.1 tons)
4. South Africa (273.5 tons)
5. New Zealand (102.2 tons)
6. Mexico (51.8 tons)
7. United States (12.2 tons)

Source: IndexBox Market Intelligence Platform