Price for Cereals; Barley, Other than Seed in Australia - 2024
Contents:
- Price for Cereals; Barley, Other than Seed in Australia (FOB) - 2024
- Price for Cereals; Barley, Other than Seed in Australia (CIF) - 2022
- Exports of Cereals; Barley, Other than Seed in Australia
- Imports of Cereals; Barley, Other than Seed in Australia
Price for Cereals; Barley, Other than Seed in Australia (FOB) - 2024
In August 2023, the average export price for cereals; barley, other than seeds amounted to $255 per ton, reducing by -8.8% against the previous month. Over the period under review, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 2.5% month-to-month. Over the period under review, the average export prices attained the peak figure at $291 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In August 2023, the countries with the highest prices were Mexico ($329 per ton) and Thailand ($326 per ton), while the average price for exports to Vietnam ($232 per ton) and Japan ($248 per ton) were amongst the lowest.
From April 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Barley, Other than Seed in Australia (CIF) - 2022
In 2022, the average import price for cereals; barley, other than seeds amounted to $2,844 per ton, growing by 22% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 171% against the previous year. As a result, import price attained the peak level of $5,580 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,001 per ton), while the price for Chile ($1,925 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Barley, Other than Seed in Australia
In 2022, after three years of growth, there was significant decline in overseas shipments of cereals; barley, other than seeds, when their volume decreased by -7.4% to 16M tons. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 101% against the previous year. As a result, the exports attained the peak of 17M tons, and then shrank in the following year.
In value terms, cereals; barley, other than seed exports surged to $4.6B in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 117% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Cereals; Barley, Other than Seed in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 85.9 | 705 | 932 | 229.4% |
| Japan | 145 | 144 | 281 | 352 | 34.4% |
| Kuwait | 10.4 | 14.2 | 118 | 154 | 145.6% |
| Jordan | N/A | N/A | 16.3 | 136 | 734.4% |
| Vietnam | 35.8 | 60.8 | 159 | 124 | 51.3% |
| Mexico | N/A | N/A | 69.6 | 102 | 46.6% |
| Qatar | 13.5 | 40.5 | 79.3 | 102 | 96.2% |
| United Arab Emirates | 9.1 | 22.7 | 81.1 | 94.7 | 118.3% |
| Philippines | 1.9 | 3.5 | 107 | 80.3 | 248.3% |
| Iran | N/A | N/A | 44.8 | 32.8 | -26.8% |
| Thailand | 85.2 | 168 | 156 | 7.1 | -56.3% |
| China | 411 | 346 | N/A | N/A | -15.8% |
| Others | 738 | 922 | 2,112 | 2,474 | 49.7% |
| Total | 1,450 | 1,808 | 3,930 | 4,592 | 46.9% |
Top Export Markets for Cereals; Barley, Other than Seed from Australia in 2022:
- Saudi Arabia (3.2M tons)
- Japan (1.2M tons)
- Vietnam (0.5M tons)
- Jordan (0.5M tons)
- Kuwait (0.5M tons)
- Qatar (0.4M tons)
- Mexico (0.3M tons)
- United Arab Emirates (0.3M tons)
- Philippines (0.3M tons)
- Iran (0.1M tons)
Imports of Cereals; Barley, Other than Seed in Australia
In 2022, purchases abroad of cereals; barley, other than seeds decreased by -65% to 39 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a precipitous contraction. The growth pace was the most rapid in 2020 when imports increased by 62% against the previous year. As a result, imports reached the peak of 124 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereals; barley, other than seed imports reduced remarkably to $111K in 2022. Overall, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 52%. As a result, imports attained the peak of $323K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cereals; Barley, Other than Seed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 78.9 | 118 | 84.2 | 47.2 | -15.7% |
| South Korea | 16.5 | 17.7 | 17.1 | 5.7 | -29.8% |
| Chile | 5.8 | 3.3 | 8.4 | 2.5 | -24.5% |
| Thailand | 3.4 | N/A | 7.5 | N/A | 48.5% |
| Malaysia | 0.8 | 21.4 | N/A | N/A | 2575.0% |
| Others | 107 | 163 | 142 | 55.4 | -19.7% |
| Total | 213 | 323 | 259 | 111 | -19.5% |
Top Suppliers of Cereals; Barley, Other than Seed to Australia in 2022:
- China (15.7 tons)
- South Korea (2.5 tons)
- Chile (1.3 tons)
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