Price for Cereal Groats; Meal and Pellets in Uruguay - 2022

Contents:

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

Price for Cereal Groats; Meal and Pellets in Uruguay (CIF) - 2022

In 2022, the average import price for cereal groats; meal and pelletses amounted to $663 per ton, rising by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +1.7% per year.

Price for Cereal Groats; Meal and Pellets in Uruguay (FOB) - 2022

In 2022, the average export price for cereal groats; meal and pelletses amounted to $891 per ton, with a decrease of -26.2% against the previous year. In general, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 123% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,234 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($2,349 per ton), while the average price for exports to Canada ($141 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (-1.4%).

Imports of Cereal Groats; Meal and Pellets in Uruguay

In 2022, imports of cereal groats; meal and pelletses into Uruguay reduced to 1.5K tons, with a decrease of -7.6% compared with 2021. Over the period under review, imports showed a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 5.3% against the previous year. As a result, imports reached the peak of 1.6K tons, and then dropped in the following year.

In value terms, cereal groats; meal and pellets imports stood at $991K in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Cereal Groats; Meal and Pellets to Uruguay in 2022:

1. Argentina (1477.2 tons)

Exports of Cereal Groats; Meal and Pellets in Uruguay

In 2022, overseas shipments of cereal groats; meal and pelletses were finally on the rise to reach 3.4 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt slump.

In value terms, cereal groats; meal and pellets exports amounted to $3.1K in 2022. Overall, exports, however, saw a perceptible decline.

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

1. Germany (2.6 tons)
2. Canada (0.5 tons)
3. Moldova (0.3 tons)

Source: IndexBox Market Intelligence Platform