Cereals; Millet, Seed Price in Argentina - 2022

Contents:

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

Cereals; Millet, Seed Price in Argentina (CIF) - 2022

In 2022, the average cereals; millet, seed import price amounted to $7,496 per ton, declining by -3.4% against the previous year. In general, the import price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 98% against the previous year. The import price peaked at $7,760 per ton in 2021, and then declined slightly in the following year.

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 the United States ($12,367 per ton), while the price for Uruguay stood at $5,458 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+16.2%).

Cereals; Millet, Seed Price in Argentina (FOB) - 2022

The average cereals; millet, seed export price stood at $581 per ton in 2022, reducing by -3.5% against the previous year. Overall, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2019 an increase of 6.4%. Over the period under review, the average export prices reached the maximum at $699 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($688 per ton), while the average price for exports to the United States ($463 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 Italy (-0.4%), while the prices for the other major destinations experienced a decline.

Cereals; Millet, Seed Imports in Argentina

In 2022, the amount of cereals; millet, seeds imported into Argentina rose remarkably to 850 kg, increasing by 13% against the previous year's figure. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 361%. As a result, imports attained the peak of 1.1 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cereals; millet, seed imports expanded markedly to $6.4K in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 462% against the previous year. As a result, imports reached the peak of $6.9K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cereals; Millet, Seed in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uruguay0.42.82.43.3102.1%
United States0.82.63.43.157.1%
SwedenN/A0.3N/AN/A0%
Brazil0.11.2N/AN/A1100.0%
OthersN/AN/AN/AN/A0%
Total1.26.95.96.474.7%

Top Suppliers of Cereals; Millet, Seed to Argentina in 2022:

  1. Uruguay (599.0 kg)
  2. United States (251.0 kg)

Cereals; Millet, Seed Exports in Argentina

Cereals; millet, seed exports from Argentina soared to 937 tons in 2022, picking up by 27% against the previous year's figure. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 579% against the previous year. As a result, the exports reached the peak of 1.1K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cereals; millet, seed exports skyrocketed to $545K in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 555%. As a result, the exports attained the peak of $645K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Cereals; Millet, Seed in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy15.9190151187127.4%
United States55.841910414738.1%
Netherlands7.336.318.925.251.1%
Others19.5N/A170187112.5%
Total98.564544454576.9%

Top Export Markets for Cereals; Millet, Seed from Argentina in 2022:

  1. United States (316.5 tons)
  2. Italy (292.0 tons)
  3. Netherlands (36.6 tons)

Source: IndexBox Market Intelligence Platform

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