Price for Cereal Groats; Meal and Pellets in Colombia - 2022

Contents:

1. Price for Cereal Groats; Meal and Pellets in Colombia (FOB) - 2022
2. Price for Cereal Groats; Meal and Pellets in Colombia (CIF) - 2022
3. Exports of Cereal Groats; Meal and Pellets in Colombia
4. Imports of Cereal Groats; Meal and Pellets in Colombia

Price for Cereal Groats; Meal and Pellets in Colombia (FOB) - 2022

The average export price for cereal groats; meal and pelletses stood at $703 per ton in 2022, reducing by -4.5% against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth was the most pronounced in 2021 an increase of 9.3% against the previous year. Over the period under review, the average export prices attained the maximum at $1,273 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($2,301 per ton), while the average price for exports to Costa Rica ($370 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 Venezuela (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Cereal Groats; Meal and Pellets in Colombia (CIF) - 2022

In 2022, the average import price for cereal groats; meal and pelletses amounted to $507 per ton, which is down by -17.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37% against the previous year. As a result, import price reached the peak level of $616 per ton, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2,427 per ton), while the price for South Africa ($258 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced a decline.

Exports of Cereal Groats; Meal and Pellets in Colombia

In 2022, the amount of cereal groats; meal and pelletses exported from Colombia was estimated at 2.2K tons, growing by 5% compared with the year before. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, the exports attained the peak of 2.3K 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 amounted to $1.5M in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 8%. As a result, the exports reached the peak of $1.5M; afterwards, it flattened through to 2022.

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

1. Ecuador (1530.5 tons)
2. Trinidad and Tobago (378.2 tons)
3. Lebanon (87.1 tons)
4. Costa Rica (69.0 tons)
5. Venezuela (42.9 tons)

Imports of Cereal Groats; Meal and Pellets in Colombia

In 2022, supplies from abroad of cereal groats; meal and pelletses increased by 19% to 570 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a pronounced reduction.

In value terms, cereal groats; meal and pellets imports shrank slightly to $289K in 2022. Over the period under review, imports, however, saw a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 4.9%.

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

1. Mexico (368.2 tons)
2. South Africa (98.5 tons)
3. Italy (62.7 tons)
4. Spain (12.8 tons)
5. Ecuador (11.7 tons)
6. United Kingdom (4.7 tons)

Source: IndexBox Market Intelligence Platform