Price for Cereals; Oats, Other than Seed in Pakistan - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Pakistan (CIF) - 2022
- Price for Cereals; Oats, Other than Seed in Pakistan (FOB) - 2022
- Imports of Cereals; Oats, Other than Seed in Pakistan
- Exports of Cereals; Oats, Other than Seed in Pakistan
Price for Cereals; Oats, Other than Seed in Pakistan (CIF) - 2022
The average import price for cereals; oats, other than seeds stood at $262 per ton in 2022, rising by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $372 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($333 per ton), while the price for Ukraine ($218 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Oats, Other than Seed in Pakistan (FOB) - 2022
In 2022, the average export price for cereals; oats, other than seeds amounted to $2,494 per ton, growing by 19% against the previous year. In general, the export price recorded a significant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 131% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Afghanistan ($3,086 per ton), while the average price for exports to Saudi Arabia stood at $1,598 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+44.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Oats, Other than Seed in Pakistan
In 2022, supplies from abroad of cereals; oats, other than seeds decreased by -30.3% to 671 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 482% against the previous year. As a result, imports attained the peak of 3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereals; oats, other than seed imports declined notably to $176K in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 455% against the previous year. As a result, imports reached the peak of $688K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Oats, Other than Seed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 117 | 643 | 183 | 156 | 10.1% |
| Russia | 1.4 | 5.9 | 14.2 | 10.1 | 93.2% |
| Ukraine | 2.4 | 11.9 | 9.6 | 6.8 | 41.5% |
| Others | 2.8 | 26.7 | 3.6 | 3.2 | 4.6% |
| Total | 124 | 688 | 211 | 176 | 12.4% |
Top Suppliers of Cereals; Oats, Other than Seed to Pakistan in 2022:
- Australia (591.6 tons)
- Russia (37.7 tons)
- Ukraine (31.3 tons)
Exports of Cereals; Oats, Other than Seed in Pakistan
In 2022, cereals; oats, other than seed exports from Pakistan surged to 7 tons, rising by 601% against 2021 figures. Over the period under review, exports continue to indicate significant growth.
In value terms, cereals; oats, other than seed exports surged to $17K in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 997% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Cereals; Oats, Other than Seed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | N/A | N/A | N/A | 13.0 | 0% |
| Saudi Arabia | 1.0 | 12.6 | 2.1 | 4.5 | 65.1% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.2 | 12.7 | 2.1 | 17.5 | 144.3% |
Top Export Markets for Cereals; Oats, Other than Seed from Pakistan in 2022:
- Afghanistan (4.2 tons)
- Saudi Arabia (2.8 tons)
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