Price for Cereal Flours; Other than of Wheat or Meslin in Ireland - 2023

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Ireland (CIF) - 2023
2. Price for Cereal Flours; Other than of Wheat or Meslin in Ireland (FOB) - 2022
3. Imports of Cereal Flours; Other than of Wheat or Meslin in Ireland
4. Exports of Cereal Flours; Other than of Wheat or Meslin in Ireland

Price for Cereal Flours; Other than of Wheat or Meslin in Ireland (CIF) - 2023

The average import price for cereal flours; other than of wheat or meslin stood at $1,228 per ton in October 2023, increasing by 19% against the previous month. In general, import price indicated a pronounced increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cereal flours; other than of wheat or meslin increased by +22.7% against August 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 24% month-to-month. As a result, import price reached the peak level of $1,562 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($2,214 per ton), while the price for Lithuania ($517 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cereal flours; other than of wheat or meslin amounted to $1,752 per ton, reducing by -6.8% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 83%. Over the period under review, the average export prices hit record highs at $1,880 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($4,024 per ton), while the average price for exports to Israel ($1,281 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 the UK (+7.5%), 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 Ireland

In 2022, overseas purchases of cereal flours; other than of wheat or meslin were finally on the rise to reach 7.4K tons after two years of decline. Overall, imports, however, continue to indicate a abrupt slump.

In value terms, imports of cereal flours; other than of wheat or meslin rose slightly to $6.7M in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. United Kingdom (4.6K tons)
2. Poland (1.0K tons)
3. Netherlands (0.8K tons)
4. France (0.2K tons)
5. Belgium (0.2K tons)
6. Germany (0.1K tons)

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

For the fourth consecutive year, Ireland recorded growth in overseas shipments of cereal flours; other than of wheat or meslin, which increased by 39% to 904 tons in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of cereal flours; other than of wheat or meslin surged to $1.6M in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 81%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. United Kingdom (550.9 tons)
2. Israel (151.3 tons)
3. France (85.3 tons)
4. Italy (45.2 tons)
5. China (24.3 tons)
6. United States (18.1 tons)

Source: IndexBox Market Intelligence Platform