Price for Cereal Groats; Meal and Pellets in Ireland - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in Ireland (FOB) - 2023
- Price for Cereal Groats; Meal and Pellets in Ireland (CIF) - 2023
- Exports of Cereal Groats; Meal and Pellets in Ireland
- Imports of Cereal Groats; Meal and Pellets in Ireland
Price for Cereal Groats; Meal and Pellets in Ireland (FOB) - 2023
In June 2023, the average export price for cereal groats; meal and pelletses amounted to $500 per ton, leveling off at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 14% against the previous month. Over the period under review, the average export prices attained the maximum at $517 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In June 2023, the country with the highest price was France ($510 per ton), while the average price for exports to the UK totaled $499 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.3%).
Price for Cereal Groats; Meal and Pellets in Ireland (CIF) - 2023
The average import price for cereal groats; meal and pelletses stood at $765 per ton in June 2023, which is down by -46.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 59% against the previous month. As a result, import price attained the peak level of $1,815 per ton. From March 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 Poland ($3,542 per ton), while the price for the UK ($544 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 Germany (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats; Meal and Pellets in Ireland
After two years of decline, shipments abroad of cereal groats; meal and pelletses increased by 15% to 49K tons in 2022. In general, exports, however, saw a abrupt contraction.
In value terms, cereal groats; meal and pellets exports stood at $21M in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Cereal Groats; Meal and Pellets in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 16.8 | 16.1 | 18.9 | 20.4 | 6.7% |
| Others | 0.3 | N/A | 0.1 | 0.6 | 26.0% |
| Total | 17.1 | 16.1 | 19.0 | 21.0 | 7.1% |
Top Export Markets for Cereal Groats; Meal and Pellets from Ireland in 2022:
- United Kingdom (48.7K tons)
Imports of Cereal Groats; Meal and Pellets in Ireland
In 2022, approx. 2.8K tons of cereal groats; meal and pelletses were imported into Ireland; surging by 5.5% on the year before. Over the period under review, imports, however, continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereal groats; meal and pellets imports rose markedly to $3M in 2022. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports reached the peak of $5.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereal Groats; Meal and Pellets in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3,245 | 3,986 | 972 | 1,166 | -28.9% |
| Poland | 758 | 855 | 885 | 872 | 4.8% |
| Netherlands | 231 | 700 | 554 | 461 | 25.9% |
| Germany | 17.9 | 15.3 | 112 | 162 | 108.4% |
| South Africa | 1.0 | 1.5 | 128 | 155 | 437.2% |
| France | 164 | 137 | 62.7 | 83.5 | -20.1% |
| Lithuania | 5.2 | 5.6 | 9.0 | 29.6 | 78.6% |
| Others | 333 | 23.8 | 75.6 | 115 | -29.8% |
| Total | 4,755 | 5,724 | 2,798 | 3,044 | -13.8% |
Top Suppliers of Cereal Groats; Meal and Pellets to Ireland in 2022:
- United Kingdom (1603.0 tons)
- Netherlands (330.8 tons)
- Poland (302.3 tons)
- Germany (192.4 tons)
- South Africa (122.5 tons)
- France (81.1 tons)
- Lithuania (55.2 tons)
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