Price for Cereal Flours; Other than of Wheat or Meslin in Russia - 2022

Contents:

  1. Price for Cereal Flours; Other than of Wheat or Meslin in Russia (CIF) - 2022
  2. Price for Cereal Flours; Other than of Wheat or Meslin in Russia (FOB) - 2022
  3. Imports of Cereal Flours; Other than of Wheat or Meslin in Russia
  4. Exports of Cereal Flours; Other than of Wheat or Meslin in Russia

Price for Cereal Flours; Other than of Wheat or Meslin in Russia (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $1,139 per ton in 2022, picking up by 430% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price attained the peak level and is likely to continue 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 South Korea ($2,694 per ton), while the price for Poland ($528 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Flours; Other than of Wheat or Meslin in Russia (FOB) - 2022

The average export price for cereal flours; other than of wheat or meslin stood at $371 per ton in 2022, waning by -9.8% against the previous year. In general, the export price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 57% against the previous year. As a result, the export price reached the peak level of $613 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($436 per ton), while the average price for exports to Kyrgyzstan ($243 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 Uzbekistan (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Flours; Other than of Wheat or Meslin in Russia

After three years of growth, supplies from abroad of cereal flours; other than of wheat or meslin decreased by -98.3% to 1K tons in 2022. Over the period under review, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 213% against the previous year. As a result, imports reached the peak of 59K tons, and then reduced dramatically in the following year.

In value terms, imports of cereal flours; other than of wheat or meslin dropped rapidly to $1.1M in 2022. In general, imports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2021 when imports increased by 85%. As a result, imports attained the peak of $13M, and then shrank significantly in the following year.

Import of Cereal Flours; Other than of Wheat or Meslin in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea391424345288-9.7%
Thailand42.589.412217058.7%
Portugal32714392.783.5-36.6%
Finland66.350.861.560.9-2.8%
Poland15226231650.3-30.8%
TurkeyN/A0.10.339.11877.4%
Italy11.418.21.410.3-3.3%
Belarus2,0014,74410,659N/A130.8%
Others1,3161,1561,173443-30.4%
Total4,3076,88612,7721,145-35.7%

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Russia in 2022:

  1. Thailand (119.4 tons)
  2. South Korea (106.7 tons)
  3. Finland (105.9 tons)
  4. Portugal (100.0 tons)
  5. Poland (95.2 tons)
  6. Turkey (48.9 tons)
  7. Italy (9.9 tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in Russia

In 2022, overseas shipments of cereal flours; other than of wheat or meslin decreased by -6% to 12K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2020 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 14K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cereal flours; other than of wheat or meslin reduced remarkably to $4.3M in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, the exports attained the peak of $5.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Cereal Flours; Other than of Wheat or Meslin in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan9211,3251,2791,25510.9%
Uzbekistan20348652771051.8%
Azerbaijan662542541612-2.6%
Mongolia3845854224354.2%
Kyrgyzstan14119114520212.7%
Tajikistan64.014397.019344.5%
Georgia44.08.810717759.0%
Armenia11316091.316012.3%
Moldova49640124.020.5-65.4%
Belarus9171,0361,092N/A9.1%
Others4166307155117.1%
Total4,3615,5085,0404,275-0.7%

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Russia in 2022:

  1. Kazakhstan (3.2K tons)
  2. Uzbekistan (2.1K tons)
  3. Azerbaijan (1.9K tons)
  4. Mongolia (1.3K tons)
  5. Kyrgyzstan (0.8K tons)
  6. Georgia (0.6K tons)
  7. Tajikistan (0.6K tons)
  8. Armenia (0.4K tons)

Source: IndexBox Market Intelligence Platform

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