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

Contents:

1. Price for Cereal Groats; Meal and Pellets in Romania (CIF) - 2023
2. Price for Cereal Groats; Meal and Pellets in Romania (FOB) - 2023
3. Imports of Cereal Groats; Meal and Pellets in Romania
4. Exports of Cereal Groats; Meal and Pellets in Romania

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

In June 2023, the average import price for cereal groats; meal and pelletses amounted to $642 per ton, falling by -6.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in February 2023 an increase of 15% m-o-m. The import price peaked at $686 per ton in May 2023, and then declined in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was France ($1,166 per ton), while the price for Hungary ($405 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In June 2023, the average export price for cereal groats; meal and pelletses amounted to $588 per ton, increasing by 11% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 23% against the previous month. Over the period under review, the average export prices reached the peak figure in June 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Moldova ($1,185 per ton), while the average price for exports to Bulgaria ($396 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats; Meal and Pellets in Romania

In 2022, purchases abroad of cereal groats; meal and pelletses decreased by -11.5% to 43K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 8.8% against the previous year. As a result, imports reached the peak of 49K tons, and then dropped in the following year.

In value terms, cereal groats; meal and pellets imports soared to $23M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. Hungary (29.6K tons)
2. Greece (4.0K tons)
3. Bulgaria (2.8K tons)
4. France (2.4K tons)
5. Ukraine (2.3K tons)
6. Italy (0.8K tons)

Exports of Cereal Groats; Meal and Pellets in Romania

For the fourth consecutive year, Romania recorded growth in overseas shipments of cereal groats; meal and pelletses, which increased by 2.2% to 11K tons in 2022. The total export volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cereal groats; meal and pellets exports skyrocketed to $5.7M in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 48% 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 Romania in 2022:

1. Cote d'Ivoire (2.7K tons)
2. Cameroon (2.1K tons)
3. Poland (1.3K tons)
4. Angola (1.2K tons)
5. Bulgaria (0.9K tons)
6. Moldova (0.6K tons)
7. Gabon (0.5K tons)
8. Hungary (0.3K tons)

Source: IndexBox Market Intelligence Platform