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

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

In June 2023, the average import price for cereal groats; meal and pelletses amounted to $1,051 per ton, increasing by 4.1% against the previous month. In general, the import price recorded a strong increase. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 29% month-to-month. As a result, import price reached the peak level of $1,198 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($1,288 per ton), while the price for the Netherlands ($536 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cereal groats; meal and pelletses stood at $588 per ton in June 2023, rising by 7.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in December 2022 an increase of 14% against the previous month. The export price peaked at $619 per ton in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Germany ($767 per ton), while the average price for exports to the Netherlands ($433 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats; Meal and Pellets in Belgium

Cereal groats; meal and pellets imports into Belgium rose modestly to 82K tons in 2022, surging by 2.1% against the year before. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 11% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cereal groats; meal and pellets imports surged to $48M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cereal Groats; Meal and Pellets in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	12.1	11.2	13.2	16.4	10.7%
Luxembourg	5.3	5.7	7.0	10.8	26.8%
Italy	4.7	4.9	5.6	7.7	17.9%
Netherlands	2.7	4.0	4.0	4.6	19.4%
Spain	0.2	1.0	0.8	2.7	138.1%
Poland	0.6	1.8	1.7	2.5	60.9%
Germany	1.4	1.3	2.5	1.7	6.7%
Hungary	N/A	1.4	0.5	0.3	-53.7%
Others	0.6	1.0	0.9	0.9	14.5%
Total	27.5	32.4	36.2	47.8	20.2%

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

France (37.6K tons)
Luxembourg (13.9K tons)
Netherlands (8.8K tons)
Italy (8.1K tons)
Spain (4.3K tons)
Poland (4.2K tons)
Germany (3.0K tons)
Hungary (0.6K tons)

Exports of Cereal Groats; Meal and Pellets in Belgium

Cereal groats; meal and pellets exports from Belgium amounted to 78K tons in 2022, surging by 4.1% on the year before. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 61% against the previous year. As a result, the exports attained the peak of 86K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal groats; meal and pellets exports soared to $38M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 73%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Cereal Groats; Meal and Pellets in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	8.0	11.2	11.6	13.8	19.9%
Netherlands	6.0	8.4	7.7	10.9	22.0%
United Kingdom	3.5	5.5	4.7	6.1	20.3%
Germany	0.5	5.6	3.9	3.2	85.7%
Algeria	N/A	0.9	0.4	1.5	29.1%
Others	1.3	1.9	3.5	2.9	30.7%
Total	19.3	33.5	31.7	38.3	25.7%