Price for Cereal Groats; Meal and Pellets in Brazil - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in Brazil (CIF) - 2023
- Price for Cereal Groats; Meal and Pellets in Brazil (FOB) - 2023
- Imports of Cereal Groats; Meal and Pellets in Brazil
- Exports of Cereal Groats; Meal and Pellets in Brazil
Price for Cereal Groats; Meal and Pellets in Brazil (CIF) - 2023
The average import price for cereal groats; meal and pelletses stood at $783 per ton in July 2023, flattening at the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 7% m-o-m. The import price peaked at $854 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($1,214 per ton), while the price for Argentina stood at $768 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Argentina (+0.5%).
Price for Cereal Groats; Meal and Pellets in Brazil (FOB) - 2023
The average export price for cereal groats; meal and pelletses stood at $468 per ton in July 2023, shrinking by -20.4% against the previous month. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 36% m-o-m. The export price peaked at $903 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,595 per ton), while the average price for exports to Angola ($390 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 the United States (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats; Meal and Pellets in Brazil
In 2022, cereal groats; meal and pellets imports into Brazil stood at 18K tons, with an increase of 9.1% on 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.
In value terms, cereal groats; meal and pellets imports skyrocketed to $13M in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 9.0 | 9.3 | 8.8 | 12.1 | 10.4% |
Italy | 0.5 | 0.6 | 0.7 | 0.9 | 21.6% |
Others | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
Total | 9.7 | 9.9 | 9.6 | 13.2 | 10.8% |
Top Suppliers of Cereal Groats; Meal and Pellets to Brazil in 2022:
- Argentina (17.0K tons)
- Italy (0.8K tons)
Exports of Cereal Groats; Meal and Pellets in Brazil
In 2022, overseas shipments of cereal groats; meal and pelletses decreased by -67.6% to 6.5K tons, falling for the second year in a row after two years of growth. In general, exports recorded a deep setback. The growth pace was the most rapid in 2020 with an increase of 172%. As a result, the exports attained the peak of 33K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereal groats; meal and pellets exports contracted rapidly to $3.4M in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 208%. As a result, the exports reached the peak of $15M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Cereal Groats; Meal and Pellets in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Paraguay | 13.4 | 15.9 | 383 | 999 | 320.9% |
Angola | 435 | 302 | 440 | 287 | -12.9% |
Cameroon | 6.5 | 706 | 855 | 277 | 249.3% |
Trinidad and Tobago | 307 | 415 | 1,278 | 275 | -3.6% |
Barbados | 359 | 446 | 590 | 260 | -10.2% |
Australia | 528 | 666 | 626 | 254 | -21.6% |
United States | 179 | 557 | 395 | 250 | 11.8% |
Venezuela | 2,407 | 10,879 | 3,639 | N/A | 23.0% |
Haiti | 187 | 132 | 77.6 | N/A | -35.6% |
Others | 440 | 843 | 935 | 797 | 21.9% |
Total | 4,861 | 14,962 | 9,219 | 3,398 | -11.3% |
Top Export Markets for Cereal Groats; Meal and Pellets from Brazil in 2022:
- Paraguay (2466.3 tons)
- Angola (650.2 tons)
- Cameroon (589.0 tons)
- Barbados (459.0 tons)
- Trinidad and Tobago (457.4 tons)
- Australia (449.7 tons)
- United States (317.1 tons)
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