Cereals; Millet, Seed Price in the Czech Republic - 2023

Contents:

  1. Cereals; Millet, Seed Price in the Czech Republic (FOB) - 2022
  2. Cereals; Millet, Seed Price in the Czech Republic (CIF) - 2022
  3. Cereals; Millet, Seed Exports in the Czech Republic
  4. Cereals; Millet, Seed Imports in the Czech Republic

Cereals; Millet, Seed Price in the Czech Republic (FOB) - 2022

The average cereals; millet, seed export price stood at $602 per ton in 2022, waning by -44.8% against the previous year. Overall, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 201%. Over the period under review, the average export prices attained the maximum at $1,233 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Germany ($1,582 per ton), while the average price for exports to Austria ($435 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 Germany (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cereals; Millet, Seed Price in the Czech Republic (CIF) - 2022

The average cereals; millet, seed import price stood at $7,800 per ton in 2022, surging by 67% against the previous year. Over the period under review, the import price posted strong growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 551%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($11,804 per ton), while the price for Slovakia ($1,404 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+36.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Cereals; Millet, Seed Exports in the Czech Republic

In 2022, overseas shipments of cereals; millet, seeds were finally on the rise to reach 137 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereals; millet, seed exports surged to $83K in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cereals; Millet, Seed in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustriaN/AN/AN/A40.70%
Germany23.94.410.221.6-3.3%
Poland2.22.41.613.382.2%
FranceN/AN/AN/A3.20%
Others0.91.20.33.760.2%
Total27.08.012.282.645.2%

Top Export Markets for Cereals; Millet, Seed from the Czech Republic in 2022:

  1. Austria (93.6 tons)
  2. Poland (24.8 tons)
  3. Germany (13.6 tons)
  4. France (3.0 tons)

Cereals; Millet, Seed Imports in the Czech Republic

In 2022, the amount of cereals; millet, seeds imported into the Czech Republic soared to 3.3 tons, rising by 42% against 2021 figures. In general, imports, however, faced a precipitous descent. The pace of growth appeared the most rapid in 2020 with an increase of 178% against the previous year. As a result, imports reached the peak of 40 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cereals; millet, seed imports surged to $25K in 2022. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 212%. As a result, imports attained the peak of $62K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cereals; Millet, Seed in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.72.56.311.790.2%
Slovakia15.849.40.72.1-49.0%
Poland0.11.9N/A0.10.0%
Hungary0.2N/AN/AN/A0%
AustriaN/A8.0N/AN/A0%
Serbia1.9N/AN/AN/A0%
OthersN/AN/A3.811.6205.3%
Total19.861.710.825.48.7%

Top Suppliers of Cereals; Millet, Seed to the Czech Republic in 2022:

  1. Germany (1704.0 kg)
  2. Slovakia (1522.0 kg)
  3. Poland (5.0 kg)

Source: IndexBox Market Intelligence Platform

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