Price for Cereals; Oats, Other than Seed in Portugal - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Portugal (CIF) - 2022
- Price for Cereals; Oats, Other than Seed in Portugal (FOB) - 2022
- Imports of Cereals; Oats, Other than Seed in Portugal
- Exports of Cereals; Oats, Other than Seed in Portugal
Price for Cereals; Oats, Other than Seed in Portugal (CIF) - 2022
In 2022, the average import price for cereals; oats, other than seeds amounted to $366 per ton, with an increase of 27% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; oats, other than seed import price increased by +59.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($368 per ton), while the price for France totaled $298 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+30.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Oats, Other than Seed in Portugal (FOB) - 2022
In 2022, the average export price for cereals; oats, other than seeds amounted to $426 per ton, with an increase of 50% against the previous year. Over the period under review, the export price recorded a tangible increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +3.0% per year.
Imports of Cereals; Oats, Other than Seed in Portugal
After three years of growth, supplies from abroad of cereals; oats, other than seeds decreased by -21.9% to 13K tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 84%.
In value terms, cereals; oats, other than seed imports declined to $4.9M in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 71%.
| Import of Cereals; Oats, Other than Seed in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.0 | 3.4 | 4.1 | 4.6 | 32.0% |
| France | N/A | N/A | N/A | 0.2 | 0% |
| Latvia | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.0 | 3.4 | 4.9 | 4.9 | 34.8% |
Top Suppliers of Cereals; Oats, Other than Seed to Portugal in 2022:
- Spain (12.5K tons)
- France (0.7K tons)
Exports of Cereals; Oats, Other than Seed in Portugal
For the third year in a row, Portugal recorded decline in overseas shipments of cereals; oats, other than seeds, which decreased by -62.8% to 535 tons in 2022. Over the period under review, exports continue to indicate a significant curtailment. The smallest decline of -27.1% was in 2021.
In value terms, cereals; oats, other than seed exports shrank dramatically to $228K in 2022. Overall, exports faced a precipitous decrease. The smallest decline of -5.3% was in 2021.
| Export of Cereals; Oats, Other than Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,169 | 430 | 407 | 227 | -42.1% |
| Others | 15.5 | 1.1 | 1.8 | 1.0 | -59.9% |
| Total | 1,184 | 431 | 408 | 228 | -42.3% |
Top Export Markets for Cereals; Oats, Other than Seed from Portugal in 2022:
- Spain (534.1 tons)
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