Cereals; Millet, Seed Price in Malaysia - 2022
Contents:
- Cereals; Millet, Seed Price in Malaysia (CIF) - 2022
- Cereals; Millet, Seed Price in Malaysia (FOB) - 2022
- Cereals; Millet, Seed Imports in Malaysia
- Cereals; Millet, Seed Exports in Malaysia
Cereals; Millet, Seed Price in Malaysia (CIF) - 2022
The average cereals; millet, seed import price stood at $555 per ton in 2022, approximately equating the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, seed import price increased by +65.6% against 2016 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 28% against the previous year. The import price peaked at $559 per ton in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($984 per ton), while the price for Ukraine ($408 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Price in Malaysia (FOB) - 2022
The average cereals; millet, seed export price stood at $1,187 per ton in 2022, surging by 14% against the previous year. In general, the export price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 37% against the previous year. The export price peaked at $2,475 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($1,193 per ton), while the average price for exports to Singapore stood at $1,085 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+42.9%), while the prices for the other major destinations experienced a decline.
Cereals; Millet, Seed Imports in Malaysia
Cereals; millet, seed imports into Malaysia reduced slightly to 3.9K tons in 2022, approximately equating the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 0.9%.
In value terms, cereals; millet, seed imports reduced modestly to $2.2M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 6.9% against the previous year.
| Import of Cereals; Millet, Seed in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,569 | 1,047 | 482 | 1,227 | -7.9% |
| Ukraine | 101 | 314 | 649 | 502 | 70.7% |
| China | 210 | 436 | 350 | 271 | 8.9% |
| India | 126 | 174 | 185 | 143 | 4.3% |
| Russia | N/A | 131 | 357 | N/A | 172.5% |
| Others | 10.2 | 53.6 | 190 | 41.6 | 59.8% |
| Total | 2,016 | 2,156 | 2,214 | 2,185 | 2.7% |
Top Suppliers of Cereals; Millet, Seed to Malaysia in 2022:
- United States (2076.8 tons)
- Ukraine (1232.1 tons)
- India (305.1 tons)
- China (275.1 tons)
Cereals; Millet, Seed Exports in Malaysia
In 2022, the amount of cereals; millet, seeds exported from Malaysia skyrocketed to 143 tons, growing by 90% on the year before. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 756%. As a result, the exports attained the peak of 210 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; millet, seed exports skyrocketed to $169K in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 856% against the previous year. As a result, the exports reached the peak of $260K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Millet, Seed in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 24.2 | 259 | 77.1 | 161 | 88.1% |
| Singapore | 3.1 | 1.3 | 1.2 | 8.6 | 40.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 27.2 | 260 | 78.3 | 169 | 83.8% |
Top Export Markets for Cereals; Millet, Seed from Malaysia in 2022:
- Taiwan (Chinese) (134.7 tons)
- Singapore (7.9 tons)
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