Price for Cereal Groats and Meal; of Wheat in Egypt - 2023

Contents:

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

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

The average import price for cereal groats and meal; of wheats stood at $803 per ton in 2022, growing by 41% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of wheats increased by +88.5% against 2019 indices. As a result, import price attained 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 highest price was recorded for prices from the United Arab Emirates ($803 per ton) and Turkey ($803 per ton), while the price for Italy ($803 per ton) and France ($803 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in Egypt (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of wheats amounted to $802 per ton, with an increase of 38% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of wheats increased by +89.1% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Libya ($802 per ton) and Jordan ($802 per ton), while the average price for exports to Kuwait ($802 per ton) and Sudan ($802 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Egypt

In 2022, overseas purchases of cereal groats and meal; of wheats decreased by -29.3% to 11K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports reached the peak of 19K 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 shrank to $8.8M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. As a result, imports attained the peak of $9.7M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Turkey (7.3K tons)
2. United Arab Emirates (2.5K tons)
3. France (0.8K tons)

Exports of Cereal Groats and Meal; of Wheat in Egypt

In 2022, exports of cereal groats and meal; of wheats from Egypt soared to 4.9K tons, jumping by 37% on the year before. In general, exports showed 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 skyrocketed to $3.9M in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Jordan (1680.5 tons)
2. Spain (1310.6 tons)
3. Kuwait (975.5 tons)
4. Sudan (370.5 tons)
5. Libya (282.3 tons)
6. Palestine (150.6 tons)

Source: IndexBox Market Intelligence Platform