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

Contents:

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

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

The average export price for cereal groats and meal; of wheats stood at $697 per ton in 2022, with an increase of 17% against the previous year. In general, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the maximum at $1,141 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($761 per ton), while the average price for exports to Croatia ($464 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 Croatia (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for cereal groats and meal; of wheats stood at $540 per ton in 2022, rising by 30% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The import price peaked at $771 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the Czech Republic ($2,117 per ton), while the price for Poland ($488 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cereal Groats and Meal; of Wheat in Slovakia

After two years of decline, overseas shipments of cereal groats and meal; of wheats increased by 395% to 1.1K tons in 2022. Overall, exports posted a prominent increase. 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 $797K in 2022. In general, exports recorded a buoyant increase. 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 Slovakia in 2022:

1. Czech Republic (1010.3 tons)
2. Poland (108.0 tons)
3. Hungary (8.5 tons)
4. Croatia (0.1 tons)

Imports of Cereal Groats and Meal; of Wheat in Slovakia

In 2022, imports of cereal groats and meal; of wheats into Slovakia skyrocketed to 1.4K tons, jumping by 51% against 2021. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal groats and meal; of wheats soared to $759K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Hungary (1170.7 tons)
2. Poland (180.0 tons)
3. Italy (41.5 tons)

Source: IndexBox Market Intelligence Platform