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

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Greece (FOB) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Greece (CIF) - 2023
3. Exports of Cereal Groats and Meal; of Wheat in Greece
4. Imports of Cereal Groats and Meal; of Wheat in Greece

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

In 2022, the average export price for cereal groats and meal; of wheats amounted to $589 per ton, with an increase of 7.3% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of wheats increased by +43.2% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 35%. The export price peaked at $800 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($744 per ton), while the average price for exports to Italy ($471 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 Kosovo (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in Greece (CIF) - 2023

The average import price for cereal groats and meal; of wheats stood at $295 per ton in September 2023, waning by -17.9% against the previous month. In general, the import price showed a abrupt setback. The growth pace was the most rapid in March 2023 an increase of 83% against the previous month. As a result, import price reached the peak level of $669 per ton. From April 2023 to September 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Bulgaria.

From December 2022 to September 2023, the rate of growth in terms of prices for Cyprus amounted to +0.8% per month.

Exports of Cereal Groats and Meal; of Wheat in Greece

For the fourth year in a row, Greece recorded growth in shipments abroad of cereal groats and meal; of wheats, which increased by 34% to 6.1K tons in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 87% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of cereal groats and meal; of wheats skyrocketed to $3.6M in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Cereal Groats and Meal; of Wheat from Greece in 2022:

1. Italy (3.5K tons)
2. Serbia (1.5K tons)
3. Kosovo (0.4K tons)
4. Bulgaria (0.3K tons)
5. Romania (0.1K tons)

Imports of Cereal Groats and Meal; of Wheat in Greece

In 2022, the amount of cereal groats and meal; of wheats imported into Greece contracted to 7K tons, falling by -10.8% compared with the year before. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 607%. As a result, imports reached the peak of 7.9K tons, and then contracted in the following year.

In value terms, imports of cereal groats and meal; of wheats expanded remarkably to $3.1M in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 318%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

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

1. Bulgaria (6.3K tons)
2. Italy (0.5K tons)
3. Cyprus (0.1K tons)

Source: IndexBox Market Intelligence Platform