Price for Cereals; Millet, Other than Seed in China - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in China (FOB) - 2023
- Price for Cereals; Millet, Other than Seed in China (CIF) - 2022
- Exports of Cereals; Millet, Other than Seed in China
- Imports of Cereals; Millet, Other than Seed in China
Price for Cereals; Millet, Other than Seed in China (FOB) - 2023
In December 2023, the average export price for cereals; millet, other than seeds amounted to $857 per ton, declining by -15.2% against the previous month. Overall, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in September 2023 an increase of 30% month-to-month. The export price peaked at $1,603 per ton in April 2023; however, from May 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,432 per ton), while the average price for exports to Indonesia ($649 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 Belgium (+5.1%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Millet, Other than Seed in China (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $593 per ton in 2021, approximately reflecting the previous year. Overall, the import price posted measured growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 36% against the previous year. The import price peaked at $728 per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From 2013 to 2021, the rate of growth in terms of prices for Ukraine amounted to +21.8% per year.
Exports of Cereals; Millet, Other than Seed in China
For the third consecutive year, China recorded decline in shipments abroad of cereals; millet, other than seeds, which decreased by -14.9% to 4.2K tons in 2022. Over the period under review, exports showed a deep reduction. The smallest decline of -6.3% was in 2021.
In value terms, cereals; millet, other than seed exports fell significantly to $5.6M in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 22%.
| Export of Cereals; Millet, Other than Seed in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,029 | 1,223 | 1,477 | 1,258 | 6.9% |
| South Korea | 785 | 2,020 | 1,597 | 1,031 | 9.5% |
| Japan | 971 | 924 | 961 | 771 | -7.4% |
| Indonesia | 602 | 388 | 800 | 741 | 7.2% |
| Netherlands | 471 | 449 | 309 | 395 | -5.7% |
| Italy | 158 | 132 | 232 | 271 | 19.7% |
| Vietnam | 158 | 86.4 | 294 | 256 | 17.5% |
| Spain | 360 | 222 | 124 | 91.2 | -36.7% |
| United Kingdom | 163 | 244 | 217 | 46.9 | -34.0% |
| Thailand | 117 | 110 | 202 | 12.6 | -52.4% |
| Others | 423 | 612 | 770 | 756 | 21.4% |
| Total | 5,236 | 6,410 | 6,983 | 5,631 | 2.5% |
Top Export Markets for Cereals; Millet, Other than Seed from China in 2022:
- Indonesia (939.0 tons)
- South Korea (743.0 tons)
- Japan (677.5 tons)
- Germany (556.6 tons)
- Vietnam (333.0 tons)
- Netherlands (226.4 tons)
- Italy (133.9 tons)
- Spain (50.6 tons)
- United Kingdom (28.4 tons)
- Thailand (13.5 tons)
Imports of Cereals; Millet, Other than Seed in China
In 2021, the amount of cereals; millet, other than seeds imported into China was estimated at 381 kg, remaining relatively unchanged against 2020 figures. In general, imports enjoyed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.
In value terms, cereals; millet, other than seed imports totaled $226 in 2021. Overall, imports recorded significant growth. The smallest decline of 99.9% was in 2020. Imports peaked in 2021 and are likely to continue growth in years to come.
| Import of Cereals; Millet, Other than Seed in China (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Ukraine | 4.0 | N/A | 224 | 648.3% | |
| Myanmar | 77.0 | N/A | N/A | 0% | |
| United States | 42.0 | N/A | N/A | 0% | |
| Others | 5.0 | N/A | 2.0 | -36.8% | |
| Total | 128 | N/A | 226 | 32.9% | |
Top Suppliers of Cereals; Millet, Other than Seed to China in 2022:
- Ukraine (378.0 kg)
1230
This report provides an in-depth analysis of the millet market in China.
712
This report provides an in-depth analysis of the buckwheat market in China.
605
This report provides an in-depth analysis of the canary seed market in China.
579
This report provides an in-depth analysis of the fonio market in China.
820
This report provides an in-depth analysis of the quinoa market in China.
652
This report provides an in-depth analysis of the triticale market in China.
783
This report provides an in-depth analysis of the cereal market in China.
866
This report provides an in-depth analysis of the grain market in China.
732
This report provides an in-depth analysis of the grain market in China.
3356
This report provides an in-depth analysis of the global millet market.
427
In value terms, millet exports fell to $421K in March 2023.
258
Imports of Buckwheat reached their highest peak in June 2023, amounting to $8.4M in value terms.
315
In August 2022, the canary seed price per ton stood at $995.0 (CIF, China), surging by 3.6% against the previous month.
304
The value of Quinoa imports reached $352K in June 2023.
5565
Global millet consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
2752
In 2015, the country with the largest volume of the millet output was India (X thousand tons), accounting for X% of global production.
1869
The U.S. continues its dominance in the global millet trade. In 2014, the U.S. exported X thousand tons of millet totaling X million USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% of its total millet
854
In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
6622
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3129
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
