Cereals; Millet, Seed Price in Belgium - 2023
Contents:
- Cereals; Millet, Seed Price in Belgium (CIF) - 2023
- Cereals; Millet, Seed Price in Belgium (FOB) - 2022
- Cereals; Millet, Seed Imports in Belgium
- Cereals; Millet, Seed Exports in Belgium
Cereals; Millet, Seed Price in Belgium (CIF) - 2023
In May 2023, the average cereals; millet, seed import price amounted to $717 per ton, rising by 42% against the previous month. In general, import price indicated a prominent expansion from May 2022 to May 2023: its price increased at an average monthly rate of +5.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, cereals; millet, seed import price increased by +42.6% against February 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was India ($847 per ton), while the price for France stood at $702 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Price in Belgium (FOB) - 2022
In 2022, the average cereals; millet, seed export price amounted to $2,487 per ton, increasing by 159% against the previous year. Overall, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Poland ($1,475 per ton), while the average price for exports to Portugal ($730 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 Poland (+2.1%), while the prices for the other major destinations experienced a decline.
Cereals; Millet, Seed Imports in Belgium
In 2022, the amount of cereals; millet, seeds imported into Belgium surged to 4.8K tons, growing by 21% compared with the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +58.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, cereals; millet, seed imports soared to $2.2M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +64.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Seed in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 467 | 657 | 936 | 1,215 | 37.5% |
| Poland | 65.6 | N/A | N/A | 540 | 101.9% |
| Netherlands | 654 | 589 | 581 | 285 | -24.2% |
| Germany | 71.3 | 95.1 | 96.4 | 109 | 15.2% |
| Czech Republic | 109 | N/A | 18.9 | 82.7 | -8.8% |
| Others | 27.0 | 15.4 | 1.4 | 4.5 | -45.0% |
| Total | 1,394 | 1,357 | 1,633 | 2,235 | 17.0% |
Top Suppliers of Cereals; Millet, Seed to Belgium in 2022:
- France (3134.0 tons)
- Poland (982.3 tons)
- Netherlands (331.8 tons)
- Germany (204.3 tons)
- Czech Republic (137.5 tons)
Cereals; Millet, Seed Exports in Belgium
Cereals; millet, seed exports from Belgium skyrocketed to 85 tons in 2022, increasing by 55% compared with the previous year's figure. In general, exports, however, recorded a slight curtailment.
In value terms, cereals; millet, seed exports surged to $211K in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Millet, Seed in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 16.7 | 41.2 | 20.1 | 34.4 | 27.2% |
| Italy | 25.7 | 18.9 | 16.2 | 31.6 | 7.1% |
| France | 8.5 | 9.8 | 5.3 | 4.2 | -20.9% |
| Spain | 4.4 | 2.8 | 3.9 | 3.5 | -7.3% |
| United Kingdom | 6.8 | 6.7 | N/A | 3.1 | -23.0% |
| Poland | 5.1 | 2.1 | 2.0 | 2.6 | -20.1% |
| Germany | 8.4 | 5.2 | 2.1 | 1.7 | -41.3% |
| Austria | 1.2 | 1.1 | 1.4 | 1.5 | 7.7% |
| Others | 6.0 | 11.1 | 1.4 | 129 | 178.1% |
| Total | 82.9 | 99.0 | 52.4 | 211 | 36.5% |
Top Export Markets for Cereals; Millet, Seed from Belgium in 2022:
- Netherlands (35.7 tons)
- Italy (34.0 tons)
- Spain (3.7 tons)
- France (3.3 tons)
- Poland (1.7 tons)
- Germany (1.6 tons)
- Austria (1.5 tons)
- United Kingdom (0.2 tons)
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