Price for Buckwheat, Millet and Canary Seed; Other Cereals in Canada - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Canada (FOB) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Canada (CIF) - 2023
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Canada
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Canada
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Canada (FOB) - 2023
In December 2023, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $946 per ton, picking up by 5.3% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 11% m-o-m. The export price peaked in December 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($1,971 per ton), while the average price for exports to the UK ($245 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Canada (CIF) - 2023
The average import price for buckwheat, millet and canary seed; other cerealses stood at $1,666 per ton in December 2023, declining by -12.5% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 31% against the previous month. The import price peaked at $1,905 per ton in November 2023, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Bolivia ($3,115 per ton), while the price for Djibouti ($558 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 South Africa (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Canada
Exports of buckwheat, millet and canary seed; other cerealses from Canada contracted significantly to 157K tons in 2022, dropping by -18.9% on the year before. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 9.1%.
In value terms, exports of buckwheat, millet and canary seed; other cerealses amounted to $150M in 2022. The total export value increased at an average annual rate of +11.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 17.3 | 21.9 | 33.4 | 37.1 | 29.0% |
| United States | 17.5 | 23.2 | 25.7 | 26.1 | 14.3% |
| Spain | 5.9 | 5.1 | 6.8 | 9.9 | 18.8% |
| Algeria | 3.1 | 3.8 | 4.7 | 8.5 | 40.0% |
| Colombia | 5.4 | 4.7 | 8.9 | 8.0 | 14.0% |
| Belgium | 10.8 | 6.7 | 13.2 | 6.8 | -14.3% |
| Indonesia | 6.3 | 3.0 | 5.7 | 5.4 | -5.0% |
| Italy | 3.1 | 2.7 | 3.9 | 5.0 | 17.3% |
| China | 2.6 | 2.3 | 4.0 | 4.2 | 17.3% |
| Morocco | 1.7 | 2.7 | 2.2 | 3.8 | 30.8% |
| Tunisia | 1.2 | 2.0 | 2.0 | 3.2 | 38.7% |
| Portugal | 2.2 | 2.0 | 2.2 | 2.8 | 8.4% |
| Philippines | 0.9 | 1.0 | 1.2 | 2.2 | 34.7% |
| Others | 30.5 | 29.2 | 24.9 | 27.3 | -3.6% |
| Total | 109 | 110 | 139 | 150 | 11.2% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Canada in 2022:
- Mexico (40.2K tons)
- United States (21.4K tons)
- Spain (10.5K tons)
- Colombia (8.7K tons)
- Algeria (8.2K tons)
- Belgium (7.7K tons)
- Italy (5.5K tons)
- Indonesia (5.5K tons)
- China (3.9K tons)
- Morocco (3.6K tons)
- Portugal (3.1K tons)
- Tunisia (3.0K tons)
- Philippines (2.9K tons)
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Canada
After three years of growth, supplies from abroad of buckwheat, millet and canary seed; other cerealses decreased by -16% to 27K tons in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 9.8% against the previous year. As a result, imports reached the peak of 32K tons, and then reduced remarkably in the following year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses reduced to $38M in 2022. In general, imports saw a mild decline. The pace of growth appeared the most rapid in 2020 when imports increased by 8.8% against the previous year. As a result, imports attained the peak of $43M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.0 | 12.0 | 9.0 | 10.4 | 1.3% |
| Peru | 10.2 | 11.6 | 8.1 | 10.3 | 0.3% |
| Bolivia | 13.0 | 10.7 | 8.2 | 9.6 | -9.6% |
| China | 2.1 | 2.5 | 2.4 | 2.3 | 3.1% |
| Ukraine | 0.1 | 1.3 | 6.1 | 1.1 | 122.4% |
| India | 0.6 | 0.9 | 1.0 | 1.1 | 22.4% |
| Ecuador | 2.0 | 1.4 | 0.9 | 0.8 | -26.3% |
| South Africa | 0.6 | 1.3 | 0.9 | 0.6 | 0.0% |
| Others | 1.1 | 1.4 | 3.1 | 1.8 | 17.8% |
| Total | 39.6 | 43.1 | 39.7 | 38.0 | -1.4% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Canada in 2022:
- United States (13.1K tons)
- Peru (4.8K tons)
- Bolivia (3.7K tons)
- Ukraine (1.6K tons)
- China (1.0K tons)
- India (0.8K tons)
- South Africa (0.5K tons)
- Ecuador (0.3K tons)
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