Cereals; Millet, Seed Price in New Zealand - 2023
Contents:
- Cereals; Millet, Seed Price in New Zealand (CIF) - 2022
- Cereals; Millet, Seed Price in New Zealand (FOB) - 2022
- Cereals; Millet, Seed Imports in New Zealand
- Cereals; Millet, Seed Exports in New Zealand
Cereals; Millet, Seed Price in New Zealand (CIF) - 2022
In 2022, the average cereals; millet, seed import price amounted to $1,096 per ton, surging by 8.9% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +115.8% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 44%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
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 China ($1,624 per ton), while the price for India ($848 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Price in New Zealand (FOB) - 2022
The average cereals; millet, seed export price stood at $3,663 per ton in 2022, picking up by 274% against the previous year. In general, the export price recorded strong growth. The growth pace was the most rapid in 2016 when the average export price increased by 779% against the previous year. The export price peaked at $9,542 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Vanuatu.
From 2012 to 2022, the rate of growth in terms of prices for Vanuatu amounted to +8.9% per year.
Cereals; Millet, Seed Imports in New Zealand
Cereals; millet, seed imports into New Zealand was estimated at 260 tons in 2022, rising by 6.1% against 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, imports attained the peak of 331 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereals; millet, seed imports skyrocketed to $285K in 2022. The total import value increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. As a result, imports attained the peak of $309K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Millet, Seed in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 35.4 | 185 | 131 | 186 | 73.8% |
| India | 53.9 | 24.7 | 48.0 | 57.7 | 2.3% |
| China | 30.4 | 16.5 | 38.2 | 41.6 | 11.0% |
| Russia | N/A | 16.3 | N/A | N/A | 0% |
| United States | 92.6 | 66.1 | 13.1 | N/A | -62.4% |
| Ukraine | N/A | N/A | 16.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 212 | 309 | 246 | 285 | 10.4% |
Top Suppliers of Cereals; Millet, Seed to New Zealand in 2022:
- Australia (166.2 tons)
- India (68.0 tons)
- China (25.6 tons)
Cereals; Millet, Seed Exports in New Zealand
In 2022, shipments abroad of cereals; millet, seeds decreased by 99.9% to 9 kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2020 with an increase of 199%. As a result, the exports attained the peak of 33 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; millet, seed exports reduced rapidly to $33 in 2022. Overall, exports faced a sharp decrease. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports attained the peak of $34K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Millet, Seed in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 0.8 | 5.7 | 5.6 | N/A | 164.6% |
| Fiji | N/A | N/A | 0.3 | N/A | 0% |
| Germany | 15.4 | N/A | N/A | N/A | 0% |
| Vanuatu | N/A | N/A | 0.1 | N/A | 0% |
| China | 7.6 | 28.1 | 24.8 | N/A | 80.6% |
| Others | 4.9 | 0.1 | 0.4 | N/A | -71.4% |
| Total | 28.7 | 33.9 | 31.2 | N/A | 4.3% |
Top Export Markets for Cereals; Millet, Seed from New Zealand in 2022:
- Vanuatu (9.0 kg)
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