Price for Cereal Groats; Meal and Pellets in Spain - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in Spain (FOB) - 2023
- Price for Cereal Groats; Meal and Pellets in Spain (CIF) - 2022
- Exports of Cereal Groats; Meal and Pellets in Spain
- Imports of Cereal Groats; Meal and Pellets in Spain
Price for Cereal Groats; Meal and Pellets in Spain (FOB) - 2023
The average export price for cereal groats; meal and pelletses stood at $761 per ton in June 2023, remaining stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in January 2023 an increase of 9.8% month-to-month. Over the period under review, the average export prices reached the maximum in June 2023.
Average prices varied somewhat for the major foreign markets. In June 2023, the highest price was recorded for prices to France ($773 per ton) and Belgium ($744 per ton), while the average price for exports to Mali ($604 per ton) and Costa Rica ($610 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats; Meal and Pellets in Spain (CIF) - 2022
In 2022, the average import price for cereal groats; meal and pelletses amounted to $375 per ton, increasing by 27% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal groats; meal and pellets import price increased by +44.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($861 per ton), while the price for France ($326 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereal Groats; Meal and Pellets in Spain
In 2022, shipments abroad of cereal groats; meal and pelletses decreased by -34.3% to 101K tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 4%. As a result, the exports attained the peak of 160K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereal groats; meal and pellets exports declined to $71M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports reached the peak of $83M, and then dropped in the following year.
| Export of Cereal Groats; Meal and Pellets in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 15.5 | 17.4 | 16.7 | 20.9 | 10.5% |
| Mali | 5.2 | 6.5 | 8.8 | 8.4 | 17.3% |
| Portugal | 5.3 | 8.7 | 9.0 | 7.7 | 13.3% |
| United Kingdom | 1.9 | 2.5 | 5.5 | 5.5 | 42.5% |
| Senegal | 5.0 | 7.7 | 2.0 | 4.6 | -2.7% |
| Cameroon | 6.1 | 4.3 | 4.7 | 3.6 | -16.1% |
| Angola | N/A | 0.3 | 1.5 | 2.5 | 188.7% |
| Belgium | 0.1 | 1.0 | 0.9 | 2.2 | 180.2% |
| Benin | 2.4 | 1.9 | 1.9 | 1.4 | -16.4% |
| Gabon | 1.7 | 1.1 | 0.8 | 1.2 | -11.0% |
| Hong Kong SAR | 1.0 | 1.1 | 1.2 | 0.8 | -7.2% |
| Mauritania | 2.5 | 0.3 | 0.5 | 0.1 | -65.8% |
| Cote d'Ivoire | 4.4 | 7.3 | 14.6 | N/A | 82.2% |
| Others | 10.6 | 11.4 | 14.9 | 12.2 | 4.8% |
| Total | 61.8 | 71.6 | 83.1 | 71.2 | 4.8% |
Top Export Markets for Cereal Groats; Meal and Pellets from Spain in 2022:
- France (25.8K tons)
- Portugal (16.2K tons)
- Mali (11.4K tons)
- Cameroon (7.5K tons)
- Senegal (6.4K tons)
- Angola (5.4K tons)
- United Kingdom (5.3K tons)
- Belgium (3.8K tons)
- Gabon (2.6K tons)
- Hong Kong SAR (1.8K tons)
- Benin (1.8K tons)
- Mauritania (0.2K tons)
Imports of Cereal Groats; Meal and Pellets in Spain
In 2022, approx. 135K tons of cereal groats; meal and pelletses were imported into Spain; with an increase of 30% compared with the previous year's figure. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereal groats; meal and pellets imports surged to $51M in 2022. Overall, imports posted a significant increase. 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 10.1 | 12.6 | 20.8 | 35.5 | 52.0% |
| Portugal | 2.3 | 2.9 | 3.0 | 6.2 | 39.2% |
| Italy | 1.5 | 1.6 | 2.2 | 3.1 | 27.4% |
| Germany | 3.0 | 2.8 | 2.5 | 1.4 | -22.4% |
| Others | 1.3 | 2.6 | 2.4 | 4.5 | 51.3% |
| Total | 18.2 | 22.5 | 30.8 | 50.7 | 40.7% |
Top Suppliers of Cereal Groats; Meal and Pellets to Spain in 2022:
- France (109.0K tons)
- Portugal (17.0K tons)
- Italy (3.6K tons)
- Germany (2.1K tons)
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