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

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

In July 2023, the average import price for cereal groats; meal and pelletses amounted to $436 per ton, almost unchanged from the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 49% month-to-month. As a result, import price attained the peak level of $606 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Finland ($1,211 per ton), while the price for Myanmar ($406 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Finland (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cereal groats; meal and pelletses stood at $1,644 per ton in 2022, growing by 28% against the previous year. Over the period under review, the export price saw resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 104%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guam ($2,141 per ton), while the average price for exports to Japan ($1,358 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 India (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats; Meal and Pellets in Thailand

For the fourth year in a row, Thailand recorded growth in purchases abroad of cereal groats; meal and pelletses, which increased by 389% to 97K tons in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,334% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, cereal groats; meal and pellets imports skyrocketed to $46M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,164%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Import of Cereal Groats; Meal and Pellets in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	0.4	5.1	2.9	29.2	317.9%
Finland	N/A	0.9	2.3	7.5	188.7%
Japan	N/A	N/A	0.7	2.7	285.7%
Italy	0.1	0.4	0.6	2.2	180.2%
Spain	N/A	N/A	N/A	1.3	0%
Myanmar	N/A	N/A	2.2	N/A	0%
Others	0.1	0.6	0.1	2.8	203.7%
Total	0.6	7.1	8.8	45.8	324.2%

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

India (80.7K tons)
Finland (9.1K tons)
Italy (2.5K tons)
Spain (2.1K tons)
Japan (1.6K tons)

Exports of Cereal Groats; Meal and Pellets in Thailand

In 2022, shipments abroad of cereal groats; meal and pelletses decreased by -97.2% to 27 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 96%. As a result, the exports attained the peak of 958 tons, and then declined notably in the following year.

In value terms, cereal groats; meal and pellets exports fell rapidly to $44K in 2022. In general, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 87%. As a result, the exports attained the peak of $1.2M, and then dropped dramatically in the following year.

Export of Cereal Groats; Meal and Pellets in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lao People's Democratic Republic	76.2	225	423	23.2	-32.7%
Malaysia	N/A	34.0	483	11.3	-42.3%
Spain	6.2	46.8	51.5	2.6	-25.1%
Philippines	N/A	N/A	31.0	2.4	-92.3%
Guam	5.9	6.3	21.7	1.3	-39.6%
Netherlands	3.2	4.0	15.8	1.1	-29.9%
Colombia	N/A	N/A	7.2	0.8	-88.9%
Cambodia	32.9	30.2	19.2	0.3	-79.1%
United States	11.3	35.4	158	0.1	-79.3%
Myanmar	252	270	N/A	N/A	7.1%
Others	15.3	9.2	22.8	0.7	-64.2%
Total	403	661	1,233	43.8	-52.3%