Price for Buckwheat, Millet and Canary Seed; Other Cereals in Morocco - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Morocco (CIF) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Morocco (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Morocco
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Morocco
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Morocco (CIF) - 2022
In 2022, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $863 per ton, with an increase of 61% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for buckwheat, millet and canary seed; other cerealses increased by +98.6% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($1,178 per ton), while the price for Turkey ($480 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Morocco (FOB) - 2022
In 2022, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $4,187 per ton, with an increase of 645% against the previous year. Overall, the export price continues to indicate a resilient expansion. Over the period under review, the average export prices attained the maximum at $4,657 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -41.6% per year.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Morocco
In 2022, supplies from abroad of buckwheat, millet and canary seed; other cerealses decreased by -14.8% to 9.2K 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 +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses surged to $7.9M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.0% 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 +85.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.8 | 2.7 | 2.0 | 4.6 | 36.7% |
| India | 1.0 | 1.0 | 1.4 | 1.8 | 21.6% |
| Ukraine | 0.8 | 1.0 | 1.8 | 0.5 | -14.5% |
| Russia | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Turkey | N/A | N/A | N/A | 0.2 | 0% |
| Kazakhstan | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.4 | 0.6 | 0.4 | 0.3 | -9.1% |
| Total | 4.3 | 5.5 | 5.8 | 7.9 | 22.5% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Morocco in 2022:
- Canada (3.9K tons)
- India (2.8K tons)
- Ukraine (1.0K tons)
- Russia (0.7K tons)
- Turkey (0.3K tons)
- Kazakhstan (0.3K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Morocco
In 2022, overseas shipments of buckwheat, millet and canary seed; other cerealses decreased by -70.4% to 918 kg, falling for the second year in a row after two years of growth. In general, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 164%. As a result, the exports attained the peak of 25 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of buckwheat, millet and canary seed; other cerealses soared to $3.8K in 2022. Over the period under review, exports continue to indicate a sharp contraction.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.6 | 31.3 | 1.1 | N/A | -17.1% |
| France | N/A | N/A | N/A | N/A | 0% |
| Italy | 17.2 | N/A | N/A | N/A | 0% |
| Mauritania | 1.6 | N/A | N/A | N/A | 0% |
| Others | 2.7 | 0.3 | 0.7 | 3.8 | 12.1% |
| Total | 23.1 | 31.6 | 1.7 | 3.8 | -45.2% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Morocco in 2022:
- France (45.0 kg)
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