Price for Cereals; Barley, Other than Seed in the United States - 2024
Contents:
- Price for Cereals; Barley, Other than Seed in the United States (CIF) - 2024
- Price for Cereals; Barley, Other than Seed in the United States (FOB) - 2024
- Imports of Cereals; Barley, Other than Seed in the United States
- Exports of Cereals; Barley, Other than Seed in the United States
Price for Cereals; Barley, Other than Seed in the United States (CIF) - 2024
In September 2023, the average import price for cereals; barley, other than seeds amounted to $356 per ton, which is down by -6.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 3.2% against the previous month. The import price peaked at $381 per ton in August 2023, and then shrank in the following month.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From May 2023 to September 2023, the rate of growth in terms of prices for Canada amounted to 0.0% per month.
Price for Cereals; Barley, Other than Seed in the United States (FOB) - 2024
The average export price for cereals; barley, other than seeds stood at $233 per ton in September 2023, rising by 11% against the previous month. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The export price peaked at $266 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($437 per ton), while the average price for exports to South Korea ($220 per ton) was amongst the lowest.
From May 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Barley, Other than Seed in the United States
Cereals; barley, other than seed imports into the United States soared to 467K tons in 2022, jumping by 153% on the previous year's figure. Over the period under review, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; barley, other than seed imports skyrocketed to $202M in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Barley, Other than Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 32.8 | 34.9 | 47.4 | 148 | 65.2% |
| Argentina | N/A | 0.3 | N/A | 36.4 | 1001.5% |
| Denmark | 0.1 | N/A | 11.5 | 14.1 | 420.5% |
| Mexico | N/A | N/A | 0.7 | 2.7 | 285.7% |
| Others | 34.2 | 1.0 | 0.9 | 1.4 | -65.5% |
| Total | 67.1 | 36.2 | 60.5 | 202 | 44.4% |
Top Suppliers of Cereals; Barley, Other than Seed to the United States in 2022:
- Canada (348.7K tons)
- Argentina (85.4K tons)
- Denmark (23.5K tons)
- Mexico (7.4K tons)
Exports of Cereals; Barley, Other than Seed in the United States
Cereals; barley, other than seed exports from the United States dropped notably to 47K tons in 2022, reducing by -84.8% compared with the previous year's figure. In general, exports faced a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 65% against the previous year. As a result, the exports attained the peak of 309K tons, and then reduced notably in the following year.
In value terms, cereals; barley, other than seed exports dropped sharply to $14M in 2022. Over the period under review, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 52%.
| Export of Cereals; Barley, Other than Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 7.1 | 23.5 | 58.4 | 6.5 | -2.9% |
| Japan | 18.8 | 11.6 | 7.1 | 5.5 | -33.6% |
| South Korea | 1.6 | 1.0 | 1.1 | 1.1 | -11.7% |
| Taiwan (Chinese) | 1.7 | 1.1 | 1.0 | 0.6 | -29.3% |
| Ecuador | N/A | N/A | N/A | 0.2 | 0% |
| Mexico | 6.2 | 9.5 | 3.0 | N/A | -30.4% |
| Others | 35.9 | 0.2 | 0.5 | 0.2 | -82.3% |
| Total | 71.2 | 46.8 | 71.0 | 14.2 | -41.6% |
Top Export Markets for Cereals; Barley, Other than Seed from the United States in 2022:
- Canada (26.5K tons)
- Japan (11.2K tons)
- South Korea (4.3K tons)
- Taiwan (Chinese) (3.0K tons)
- Ecuador (0.8K tons)
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