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

Contents:

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

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

In December 2023, the average import price for cereal flours; other than of wheat or meslin amounted to $2,172 per ton, rising by 21% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 45% m-o-m. As a result, import price attained the peak level of $2,703 per ton. From July 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($4,036 per ton), while the price for Ethiopia ($686 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), 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 Switzerland (FOB) - 2022

The average export price for cereal flours; other than of wheat or meslin stood at $1,969 per ton in 2022, surging by 6.5% against the previous year. Overall, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. As a result, the export price reached the peak level of $2,553 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($2,554 per ton), while the average price for exports to the UK ($1,173 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 Netherlands (+13.7%), 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 Switzerland

In 2022, supplies from abroad of cereal flours; other than of wheat or meslin decreased by -11.1% to 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 +6.3% 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 2020 with an increase of 23% against the previous year.

In value terms, imports of cereal flours; other than of wheat or meslin fell to $4.2M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year.

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

1. Germany (945.5 tons)
2. Italy (380.7 tons)
3. Portugal (110.2 tons)
4. France (108.2 tons)
5. Netherlands (103.1 tons)
6. Thailand (56.3 tons)
7. India (47.2 tons)
8. Belgium (29.0 tons)

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

In 2022, approx. 288 tons of cereal flours; other than of wheat or meslin were exported from Switzerland; picking up by 32% against the previous year's figure. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 57%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of cereal flours; other than of wheat or meslin soared to $567K in 2022. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 44%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. United Kingdom (98.7 tons)
2. Italy (66.7 tons)
3. Germany (54.4 tons)
4. Uganda (29.9 tons)
5. France (16.6 tons)
6. Netherlands (15.4 tons)
7. Austria (2.3 tons)
8. Spain (0.7 tons)

Source: IndexBox Market Intelligence Platform