Price for Cereals; Oats, Other than Seed in India - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in India (CIF) - 2023
- Price for Cereals; Oats, Other than Seed in India (FOB) - 2022
- Imports of Cereals; Oats, Other than Seed in India
- Exports of Cereals; Oats, Other than Seed in India
Price for Cereals; Oats, Other than Seed in India (CIF) - 2023
The average import price for cereals; oats, other than seeds stood at $356 per ton in July 2023, remaining stable against the previous month. Over the period under review, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 6% m-o-m. Over the period under review, average import prices attained the maximum at $472 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From November 2022 to July 2023, the rate of growth in terms of prices for Australia amounted to -2.3% per month.
Price for Cereals; Oats, Other than Seed in India (FOB) - 2022
In 2022, the average export price for cereals; oats, other than seeds amounted to $476 per ton, declining by -61.5% against the previous year. In general, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 272% against the previous year. As a result, the export price attained the peak level of $1,237 per ton, and then contracted dramatically in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,125 per ton), while the average price for exports to the United Arab Emirates ($168 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Oats, Other than Seed in India
For the fourth consecutive year, India recorded growth in overseas purchases of cereals; oats, other than seeds, which increased by 9.7% to 50K tons in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, cereals; oats, other than seed imports soared to $22M in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Cereals; Oats, Other than Seed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 7.3 | 9.7 | 14.6 | 21.4 | 43.1% |
| Ukraine | 1.8 | 2.0 | 2.1 | 0.2 | -51.9% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 9.4 | 11.7 | 16.7 | 21.6 | 32.0% |
Top Suppliers of Cereals; Oats, Other than Seed to India in 2022:
- Australia (49.1K tons)
- Ukraine (0.7K tons)
Exports of Cereals; Oats, Other than Seed in India
Cereals; oats, other than seed exports from India soared to 323 tons in 2022, jumping by 333% against the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; oats, other than seed exports surged to $154K in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Oats, Other than Seed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Djibouti | N/A | N/A | N/A | 94.8 | 0% |
| United States | N/A | 0.6 | 35.8 | 17.8 | 444.7% |
| Nepal | 19.2 | 1.8 | 10.0 | 14.5 | -8.9% |
| Sri Lanka | 7.0 | 7.7 | 20.5 | 5.4 | -8.3% |
| Australia | 41.2 | 0.7 | N/A | 4.1 | -53.7% |
| United Arab Emirates | 0.2 | 26.2 | 0.2 | 2.2 | 122.4% |
| Others | 17.3 | 27.8 | 25.9 | 15.2 | -4.2% |
| Total | 84.9 | 64.7 | 92.4 | 154 | 22.0% |
Top Export Markets for Cereals; Oats, Other than Seed from India in 2022:
- Djibouti (250.1 tons)
- Nepal (43.8 tons)
- United Arab Emirates (13.1 tons)
- United States (5.7 tons)
- Australia (3.0 tons)
- Sri Lanka (2.7 tons)
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