Price for Cereal Groats and Meal; of Wheat in Australia - 2024

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Australia (FOB) - 2024
2. Price for Cereal Groats and Meal; of Wheat in Australia (CIF) - 2022
3. Exports of Cereal Groats and Meal; of Wheat in Australia
4. Imports of Cereal Groats and Meal; of Wheat in Australia

Price for Cereal Groats and Meal; of Wheat in Australia (FOB) - 2024

The average export price for cereal groats and meal; of wheats stood at $812 per ton in September 2023, declining by -5.4% against the previous month. In general, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in August 2023 an increase of 11% month-to-month. Over the period under review, the average export prices hit record highs at $970 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Papua New Guinea ($921 per ton), while the average price for exports to China ($745 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.7%), while the prices for the other major destinations experienced a decline.

Price for Cereal Groats and Meal; of Wheat in Australia (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of wheats amounted to $984 per ton, increasing by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 12%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($1,651 per ton), while the price for India ($800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Groats and Meal; of Wheat in Australia

In 2022, after two years of decline, there was significant growth in overseas shipments of cereal groats and meal; of wheats, when their volume increased by 86% to 7.9K tons. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of wheats soared to $5M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Groats and Meal; of Wheat from Australia in 2022:

1. China (2.7K tons)
2. Philippines (2.2K tons)
3. New Zealand (1.5K tons)
4. Vietnam (1.1K tons)
5. Hong Kong SAR (0.3K tons)

Imports of Cereal Groats and Meal; of Wheat in Australia

Imports of cereal groats and meal; of wheats into Australia expanded notably to 505 tons in 2022, picking up by 11% compared with 2021. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, imports attained the peak of 524 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal groats and meal; of wheats skyrocketed to $497K in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports reached the peak of $502K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Cereal Groats and Meal; of Wheat to Australia in 2022:

1. India (394.2 tons)
2. Italy (88.4 tons)
3. Turkey (22.2 tons)

Source: IndexBox Market Intelligence Platform