Price for Cereal Flours; Other than of Wheat or Meslin in the Czech Republic - 2023

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in the Czech Republic (CIF) - 2023
2. Price for Cereal Flours; Other than of Wheat or Meslin in the Czech Republic (FOB) - 2023
3. Imports of Cereal Flours; Other than of Wheat or Meslin in the Czech Republic
4. Exports of Cereal Flours; Other than of Wheat or Meslin in the Czech Republic

Price for Cereal Flours; Other than of Wheat or Meslin in the Czech Republic (CIF) - 2023

In October 2023, the average import price for cereal flours; other than of wheat or meslin amounted to $1,039 per ton, growing by 13% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in November 2022 an increase of 14% against the previous month. Over the period under review, average import prices reached the maximum in October 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Slovakia ($1,557 per ton), while the price for Austria ($429 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in the Czech Republic (FOB) - 2023

The average export price for cereal flours; other than of wheat or meslin stood at $1,688 per ton in October 2023, picking up by 52% against the previous month. Over the period under review, export price indicated a notable expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for cereal flours; other than of wheat or meslin increased by +62.3% against July 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 97% m-o-m. The export price peaked in October 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($4,633 per ton), while the average price for exports to Slovakia ($1,249 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Flours; Other than of Wheat or Meslin in the Czech Republic

Imports of cereal flours; other than of wheat or meslin into the Czech Republic skyrocketed to 4.9K tons in 2022, picking up by 47% against 2021. Overall, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal flours; other than of wheat or meslin skyrocketed to $4M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to the Czech Republic in 2022:

1. Germany (1659.0 tons)
2. Slovakia (518.6 tons)
3. Netherlands (513.2 tons)
4. Italy (506.4 tons)
5. Poland (485.3 tons)
6. Mexico (384.0 tons)
7. Austria (363.8 tons)
8. Belgium (206.9 tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in the Czech Republic

In 2022, shipments abroad of cereal flours; other than of wheat or meslin was finally on the rise to reach 2.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a relatively flat trend pattern.

In value terms, exports of cereal flours; other than of wheat or meslin expanded remarkably to $2M in 2022. The total export value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from the Czech Republic in 2022:

1. Slovakia (1612.6 tons)
2. Poland (387.5 tons)
3. Germany (245.3 tons)
4. Croatia (20.9 tons)

Source: IndexBox Market Intelligence Platform