Price for Cereals; Oats, Other than Seed in the UK - 2024
Contents:
- Price for Cereals; Oats, Other than Seed in the UK (FOB) - 2022
- Price for Cereals; Oats, Other than Seed in the UK (CIF) - 2024
- Exports of Cereals; Oats, Other than Seed in the UK
- Imports of Cereals; Oats, Other than Seed in the UK
Price for Cereals; Oats, Other than Seed in the UK (FOB) - 2022
In 2022, the average export price for cereals; oats, other than seeds amounted to $388 per ton, dropping by -9.4% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 33%. Over the period under review, the average export prices attained the maximum at $572 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Ireland ($1,292 per ton), while the average price for exports to the Netherlands ($305 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 the Netherlands (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Oats, Other than Seed in the UK (CIF) - 2024
The average import price for cereals; oats, other than seeds stood at $344 per ton in August 2023, increasing by 2.1% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 21% m-o-m. The import price peaked at $377 per ton in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($3,352 per ton), while the price for Ireland amounted to $342 per ton.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by India (0.0%).
Exports of Cereals; Oats, Other than Seed in the UK
In 2022, overseas shipments of cereals; oats, other than seeds were finally on the rise to reach 207K tons for the first time since 2019, thus ending a two-year declining trend. In general, 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 skyrocketed to $80M in 2022. Overall, exports recorded a significant increase. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.1 | 1.1 | N/A | 24.8 | 51.7% |
| Netherlands | 3.5 | 3.4 | 3.6 | 19.3 | 76.7% |
| Belgium | 2.5 | 4.4 | 1.7 | 13.1 | 73.7% |
| Germany | 1.3 | 0.6 | 1.3 | 11.7 | 108.0% |
| Sweden | N/A | N/A | N/A | 1.8 | 0% |
| United States | 0.6 | 1.4 | 2.9 | 0.3 | -20.6% |
| Others | 2.8 | 4.6 | 6.0 | 9.3 | 49.2% |
| Total | 17.8 | 15.5 | 15.6 | 80.4 | 65.3% |
Top Export Markets for Cereals; Oats, Other than Seed from the UK in 2022:
- Spain (71.2K tons)
- Netherlands (63.1K tons)
- Belgium (32.4K tons)
- Germany (29.0K tons)
- Sweden (5.0K tons)
- United States (0.3K tons)
Imports of Cereals; Oats, Other than Seed in the UK
In 2022, imports of cereals; oats, other than seeds into the UK shrank notably to 22K tons, falling by -21.5% against the previous year. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 189% against the previous year. As a result, imports reached the peak of 28K tons, and then dropped markedly in the following year.
In value terms, cereals; oats, other than seed imports reduced dramatically to $7.3M in 2022. Over the period under review, imports, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of 103%. As a result, imports reached the peak of $12M, and then dropped significantly in the following year.
| Import of Cereals; Oats, Other than Seed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 4.5 | 4.7 | 10.9 | 6.6 | 13.6% |
| Germany | 0.2 | 0.2 | 0.9 | 0.2 | 0.0% |
| Sweden | 1.1 | 0.7 | N/A | N/A | -36.4% |
| Others | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Total | 6.1 | 5.9 | 11.9 | 7.3 | 6.2% |
Top Suppliers of Cereals; Oats, Other than Seed to the UK in 2022:
- Ireland (20.9K tons)
- Germany (0.4K tons)
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