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

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

In October 2023, the average import price for cereal flours; other than of wheat or meslin amounted to $233 per ton, reducing by -69.1% against the previous month. Overall, the import price recorded a drastic downturn. The growth pace was the most rapid in August 2023 an increase of 42% against the previous month. The import price peaked at $842 per ton in January 2023; however, from February 2023 to October 2023, import prices remained at a lower figure.

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

From October 2022 to October 2023, the rate of growth in terms of prices for Austria amounted to +9.1% per month.

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

The average export price for cereal flours; other than of wheat or meslin stood at $438 per ton in October 2023, jumping by 48% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From October 2022 to October 2023, the rate of growth in terms of prices for Serbia amounted to -1.4% per month.

Imports of Cereal Flours; Other than of Wheat or Meslin in Slovenia

In 2022, overseas purchases of cereal flours; other than of wheat or meslin decreased by -6.7% to 8.2K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 16%.

In value terms, imports of cereal flours; other than of wheat or meslin surged to $4.7M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +63.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 20% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Import of Cereal Flours; Other than of Wheat or Meslin in Slovenia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	250	225	273	1,325	74.4%
Serbia	21.7	439	493	1,120	272.3%
Croatia	524	590	1,332	744	12.4%
Hungary	171	102	226	423	35.2%
Austria	605	635	522	404	-12.6%
Italy	269	260	284	315	5.4%
Netherlands	621	735	501	54.1	-55.7%
Others	386	420	372	283	-9.8%
Total	2,849	3,406	4,003	4,667	17.9%

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

Serbia (3.7K tons)
Hungary (1.5K tons)
Croatia (1.4K tons)
Germany (0.7K tons)
Austria (0.4K tons)
Italy (0.3K tons)

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

After three years of growth, shipments abroad of cereal flours; other than of wheat or meslin decreased by -2.6% to 7.8K tons in 2022. The total export volume increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports reached the peak of 8K tons, and then reduced slightly in the following year.

In value terms, exports of cereal flours; other than of wheat or meslin soared to $2.8M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 41%. The exports peaked in 2022 and are expected to retain growth in the immediate term.