Price for Cereal Groats; Meal and Pellets in Japan - 2023

Contents:

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

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

In 2022, the average import price for cereal groats; meal and pelletses amounted to $1,438 per ton, growing by 58% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal groats; meal and pellets import price increased by +84.6% against 2015 indices. As a result, import price reached 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 Italy ($3,305 per ton), while the price for Spain ($830 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cereal groats; meal and pelletses amounted to $850 per ton, growing by 12% against the previous year. In general, the export price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 76%. Over the period under review, the average export prices attained the peak figure at $1,144 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($2,801 per ton), while the average price for exports to Taiwan (Chinese) ($544 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 South Africa (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Groats; Meal and Pellets in Japan

Cereal groats; meal and pellets imports into Japan fell significantly to 397 tons in 2022, shrinking by -48.2% on 2021. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, imports attained the peak of 766 tons, and then declined significantly in the following year.

In value terms, cereal groats; meal and pellets imports contracted rapidly to $570K in 2022. Overall, imports recorded a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by 11%. As a result, imports attained the peak of $696K, and then plummeted in the following year.

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

1. Germany (134.7 tons)
2. Spain (104.0 tons)
3. Italy (60.0 tons)
4. Brazil (33.0 tons)
5. China (27.0 tons)
6. United States (23.0 tons)
7. India (7.0 tons)

Exports of Cereal Groats; Meal and Pellets in Japan

In 2022, exports of cereal groats; meal and pelletses from Japan contracted modestly to 409 tons, dropping by -3.8% against 2021 figures. Overall, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 16%.

In value terms, cereal groats; meal and pellets exports rose significantly to $347K in 2022. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 105% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Taiwan (Chinese) (336.0 tons)
2. South Africa (39.0 tons)
3. Philippines (23.0 tons)
4. Vietnam (10.0 tons)

Source: IndexBox Market Intelligence Platform