Price for Buckwheat, Millet and Canary Seed; Other Cereals in Belgium - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Belgium (CIF) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Belgium (FOB) - 2023
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Belgium
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Belgium
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Belgium (CIF) - 2022
In 2022, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $767 per ton, increasing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, import price attained 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 the Netherlands ($1,233 per ton), while the price for France ($429 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Belgium (FOB) - 2023
The average export price for buckwheat, millet and canary seed; other cerealses stood at $1,578 per ton in October 2023, jumping by 67% against the previous month. In general, the export price saw a resilient increase. The pace of growth appeared the most rapid in December 2022 an increase of 82% against the previous month. Over the period under review, the average export prices attained the maximum in October 2023.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Canada ($6,557 per ton), while the average price for exports to the UK ($953 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Belgium
In 2022, supplies from abroad of buckwheat, millet and canary seed; other cerealses decreased by -3.5% to 77K 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 +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 9.2% against the previous year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses surged to $59M in 2022. The total import value increased at an average annual rate of +11.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.9 | 13.1 | 10.4 | 13.5 | 31.8% |
| France | 8.7 | 6.9 | 9.2 | 11.3 | 9.1% |
| Netherlands | 8.5 | 9.1 | 8.0 | 11.1 | 9.3% |
| Germany | 3.1 | 2.5 | 3.8 | 4.6 | 14.1% |
| Hungary | 5.1 | 3.9 | 2.2 | 2.5 | -21.2% |
| Poland | 0.7 | 0.8 | 1.3 | 1.8 | 37.0% |
| United Kingdom | 0.2 | 0.2 | 2.5 | 1.6 | 100.0% |
| Ukraine | 1.1 | 2.8 | 2.2 | 1.3 | 5.7% |
| Russia | N/A | 0.5 | 0.8 | 1.2 | 54.9% |
| Argentina | 0.5 | 0.6 | 1.1 | 1.0 | 26.0% |
| Others | 8.4 | 9.6 | 8.2 | 8.9 | 1.9% |
| Total | 42.1 | 50.0 | 49.6 | 58.8 | 11.8% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Belgium in 2022:
- France (26.3K tons)
- Canada (15.0K tons)
- Netherlands (9.0K tons)
- Germany (7.5K tons)
- Poland (3.0K tons)
- Hungary (3.0K tons)
- Ukraine (2.9K tons)
- United Kingdom (2.4K tons)
- Russia (2.1K tons)
- Argentina (1.4K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Belgium
In 2022, after three years of growth, there was decline in shipments abroad of buckwheat, millet and canary seed; other cerealses, when their volume decreased by -1.4% to 38K tons. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year.
In value terms, exports of buckwheat, millet and canary seed; other cerealses amounted to $27M in 2022. The total export value increased at an average annual rate of +11.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.9 | 10.4 | 9.0 | 12.3 | 27.7% |
| Netherlands | 4.7 | 3.4 | 5.3 | 5.9 | 7.9% |
| Germany | 4.1 | 7.1 | 6.0 | 3.5 | -5.1% |
| Others | 4.7 | 5.0 | 5.5 | 5.1 | 2.8% |
| Total | 19.4 | 25.9 | 25.9 | 26.8 | 11.4% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Belgium in 2022:
- France (21.0K tons)
- Netherlands (8.3K tons)
- Germany (5.6K tons)
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