Price for Cereal Groats; Meal and Pellets in South Africa - 2023

Price for Cereal Groats; Meal and Pellets in South Africa (FOB) - 2023

The average export price for cereal groats; meal and pelletses stood at $361 per ton in July 2023, therefore, remained relatively stable against the previous month. In general, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 8.6% against the previous month. As a result, the export price attained the peak level of $441 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In July 2023, the countries with the highest prices were Angola ($419 per ton) and Zimbabwe ($393 per ton), while the average price for exports to Democratic Republic of the Congo ($322 per ton) and Congo ($349 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Cereal Groats; Meal and Pellets in South Africa (CIF) - 2023

The average import price for cereal groats; meal and pelletses stood at $369 per ton in July 2023, declining by -16.1% against the previous month. In general, the import price showed a perceptible decline. The most prominent rate of growth was recorded in May 2023 an increase of 26% month-to-month. Over the period under review, average import prices attained the maximum at $573 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($928 per ton), while the price for Lesotho ($192 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.2%), while the prices for the other major suppliers experienced a decline.

Exports of Cereal Groats; Meal and Pellets in South Africa

In 2022, shipments abroad of cereal groats; meal and pelletses decreased by -26.4% to 271K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a noticeable contraction. The pace of growth was the most pronounced in 2020 with an increase of 64% against the previous year. As a result, the exports reached the peak of 513K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal groats; meal and pellets exports fell to $107M in 2022. Overall, total exports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 67% against the previous year. As a result, the exports reached the peak of $157M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Cereal Groats; Meal and Pellets in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mozambique	31.4	41.4	37.2	32.4	1.1%
Lesotho	30.2	35.9	35.7	32.0	1.9%
Angola	16.2	11.7	21.6	16.2	0.0%
Cameroon	N/A	0.4	0.8	4.2	224.0%
Zimbabwe	0.4	32.8	23.0	3.8	111.8%
Democratic Republic of the Congo	10.8	24.2	3.0	2.5	-38.6%
Others	5.3	10.7	4.9	16.2	45.1%
Total	94.3	157	126	107	4.3%

Top Export Markets for Cereal Groats; Meal and Pellets from South Africa in 2022:

Lesotho (87.6K tons)
Mozambique (86.4K tons)
Angola (47.2K tons)
Zimbabwe (10.0K tons)
Cameroon (8.5K tons)
Democratic Republic of the Congo (5.8K tons)

Imports of Cereal Groats; Meal and Pellets in South Africa

In 2022, approx. 15K tons of cereal groats; meal and pelletses were imported into South Africa; picking up by 2% on 2021 figures. The total import volume increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, cereal groats; meal and pellets imports shrank slightly to $6.1M in 2022. The total import value increased at an average annual rate of +12.3% 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 when imports increased by 34% against the previous year.

Import of Cereal Groats; Meal and Pellets in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lesotho	1,086	818	767	2,008	22.7%
Italy	962	816	1,258	1,429	14.1%
Spain	843	956	631	804	-1.6%
Botswana	690	763	1,150	685	-0.2%
United Kingdom	535	1,939	1,989	460	-4.9%
Turkey	100	405	504	355	52.5%
China	0.1	0.1	N/A	154	1054.8%
Others	128	130	155	255	25.8%
Total	4,344	5,828	6,454	6,150	12.3%