Cereals; Oats, Seeds Price in South Africa - 2023
Contents:
- Cereals; Oats, Seeds Price in South Africa (FOB) - 2022
- Cereals; Oats, Seeds Price in South Africa (CIF) - 2022
- Cereals; Oats, Seeds Exports in South Africa
- Cereals; Oats, Seeds Imports in South Africa
Cereals; Oats, Seeds Price in South Africa (FOB) - 2022
The average cereals; oats, seeds export price stood at $1,080 per ton in 2022, surging by 2.9% against the previous year. In general, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 34% against the previous year. The export price peaked at $1,373 per ton in 2015; however, from 2016 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 Swaziland ($1,783 per ton), while the average price for exports to Lesotho ($388 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 Nigeria (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Oats, Seeds Price in South Africa (CIF) - 2022
In 2022, the average cereals; oats, seeds import price amounted to $483 per ton, dropping by -28.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. Over the period under review, average import prices attained the maximum at $692 per ton in 2015; however, from 2016 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 Australia ($1,286 per ton), while the price for Uruguay stood at $469 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Oats, Seeds Exports in South Africa
Cereals; oats, seeds exports from South Africa reduced sharply to 260 tons in 2022, waning by -56.6% compared with the year before. Overall, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 80%.
In value terms, cereals; oats, seeds exports shrank sharply to $281K in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 142%. As a result, the exports attained the peak of $630K, and then fell remarkably in the following year.
| Export of Cereals; Oats, Seeds in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 81.5 | 9.4 | 43.4 | 77.4 | -1.7% |
| Japan | 71.6 | 81.8 | 487 | 73.2 | 0.7% |
| Namibia | 89.4 | 40.2 | 22.4 | 46.1 | -19.8% |
| Libya | N/A | N/A | N/A | 23.5 | 0% |
| Swaziland | 23.2 | 2.4 | 10.3 | 21.2 | -3.0% |
| Lesotho | 103 | 27.6 | 10.5 | 9.1 | -55.5% |
| Botswana | 11.0 | 1.9 | 3.8 | 8.5 | -8.2% |
| Nigeria | N/A | 66.7 | 10.3 | N/A | -84.6% |
| Others | 42.6 | 29.9 | 41.8 | 22.2 | -19.5% |
| Total | 423 | 260 | 630 | 281 | -12.7% |
Top Export Markets for Cereals; Oats, Seeds from South Africa in 2022:
- Japan (75.3 tons)
- South Korea (50.1 tons)
- Namibia (38.0 tons)
- Libya (25.0 tons)
- Lesotho (23.5 tons)
- Botswana (17.0 tons)
- Swaziland (11.9 tons)
Cereals; Oats, Seeds Imports in South Africa
For the third consecutive year, South Africa recorded decline in purchases abroad of cereals; oats, seedses, which decreased by -64.7% to 119 tons in 2022. In general, imports showed a dramatic curtailment. The smallest decline of -4.2% was in 2020.
In value terms, cereals; oats, seeds imports contracted dramatically to $57K in 2022. Over the period under review, imports showed a sharp descent. The smallest decline of -2.9% was in 2020.
| Import of Cereals; Oats, Seeds in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 39.2 | 61.4 | 91.1 | 54.8 | 11.8% |
| Australia | 159 | 156 | 91.3 | 2.6 | -74.6% |
| Uganda | N/A | 14.0 | N/A | N/A | 0% |
| Ukraine | 32.3 | 42.4 | 27.7 | N/A | -7.4% |
| Brazil | 86.0 | 17.3 | 14.3 | N/A | -59.2% |
| Others | 8.7 | 24.3 | 3.9 | N/A | -33.0% |
| Total | 325 | 315 | 228 | 57.5 | -43.9% |
Top Suppliers of Cereals; Oats, Seeds to South Africa in 2022:
- Uruguay (116.8 tons)
- Australia (2.0 tons)
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