Cereals; Millet, Seed Price in Australia - 2023
Contents:
- Cereals; Millet, Seed Price in Australia (FOB) - 2022
- Cereals; Millet, Seed Price in Australia (CIF) - 2022
- Cereals; Millet, Seed Exports in Australia
- Cereals; Millet, Seed Imports in Australia
Cereals; Millet, Seed Price in Australia (FOB) - 2022
The average cereals; millet, seed export price stood at $1,061 per ton in 2022, with a decrease of -13.2% against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 1,720%. The export price peaked at $1,222 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($1,654 per ton), while the average price for exports to Indonesia ($401 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 Malaysia (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Millet, Seed Price in Australia (CIF) - 2022
In 2022, the average cereals; millet, seed import price amounted to $1,776 per ton, growing by 42% against the previous year. Overall, the import price posted prominent growth. The pace of growth was the most pronounced in 2016 an increase of 176%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,839 per ton), while the price for India totaled $1,373 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Exports in Australia
In 2022, overseas shipments of cereals; millet, seeds decreased by -22.7% to 751 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 314% against the previous year. As a result, the exports reached the peak of 1.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; millet, seed exports declined sharply to $797K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 244% against the previous year.
| Export of Cereals; Millet, Seed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 332 | 618 | 428 | 471 | 12.4% |
| Belgium | N/A | 41.5 | 346 | 200 | 119.5% |
| United Kingdom | 9.6 | 62.3 | 145 | 52.1 | 75.7% |
| New Zealand | N/A | 118 | N/A | 36.4 | -44.5% |
| Indonesia | N/A | N/A | 33.6 | 36.0 | 7.1% |
| Thailand | N/A | 96.2 | N/A | N/A | 0% |
| Malaysia | N/A | 122 | N/A | N/A | 0% |
| Netherlands | N/A | 106 | 124 | N/A | 17.0% |
| Israel | N/A | N/A | 65.2 | N/A | 0% |
| Others | 3.1 | 22.7 | 46.3 | 0.9 | -33.8% |
| Total | 345 | 1,186 | 1,188 | 797 | 32.2% |
Top Export Markets for Cereals; Millet, Seed from Australia in 2022:
- Japan (323.5 tons)
- Belgium (249.0 tons)
- Indonesia (89.8 tons)
- United Kingdom (66.4 tons)
- New Zealand (22.0 tons)
Cereals; Millet, Seed Imports in Australia
In 2022, purchases abroad of cereals; millet, seeds decreased by -84% to 15 tons, falling for the second consecutive year after two years of growth. In general, imports saw a sharp downturn. The growth pace was the most rapid in 2020 when imports increased by 67%. As a result, imports attained the peak of 3.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; millet, seed imports shrank rapidly to $26K in 2022. Over the period under review, imports faced a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. As a result, imports reached the peak of $2.4M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cereals; Millet, Seed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 145 | 134 | 13.6 | 19.4 | -48.9% |
| India | 192 | 316 | 36.0 | 5.2 | -70.0% |
| Bulgaria | 50.5 | 135 | N/A | N/A | 167.3% |
| United States | 827 | 1,293 | N/A | N/A | 56.3% |
| South Africa | 124 | 70.7 | 60.4 | N/A | -30.2% |
| Ukraine | N/A | 216 | N/A | N/A | 0% |
| Canada | 137 | 238 | N/A | N/A | 73.7% |
| Others | N/A | N/A | 3.9 | 1.2 | -69.2% |
| Total | 1,477 | 2,403 | 114 | 25.8 | -74.1% |
Top Suppliers of Cereals; Millet, Seed to Australia in 2022:
- China (10.5 tons)
- India (3.8 tons)
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