Cereals; Millet, Seed Price in Singapore - 2022
Contents:
- Cereals; Millet, Seed Price in Singapore (CIF) - 2022
- Cereals; Millet, Seed Price in Singapore (FOB) - 2022
- Cereals; Millet, Seed Imports in Singapore
- Cereals; Millet, Seed Exports in Singapore
Cereals; Millet, Seed Price in Singapore (CIF) - 2022
The average cereals; millet, seed import price stood at $1,958 per ton in 2022, growing by 34% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 73% against the previous year. As a result, import price reached the peak level of $2,217 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,096 per ton), while the price for the United States ($1,048 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Cereals; Millet, Seed Price in Singapore (FOB) - 2022
The average cereals; millet, seed export price stood at $673 per ton in 2022, shrinking by -4.3% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,027% against the previous year. As a result, the export price reached the peak level of $22,317 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($837 per ton), while the average price for exports to Malaysia amounted to $606 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (-9.1%), while the prices for the other major destinations experienced a decline.
Cereals; Millet, Seed Imports in Singapore
In 2022, imports of cereals; millet, seeds into Singapore declined to 130 tons, dropping by -11.7% against the year before. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 147 tons, and then reduced in the following year.
In value terms, cereals; millet, seed imports surged to $255K in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.1% 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 +73.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 107 | 158 | 184 | 222 | 27.5% |
| United States | 17.3 | 10.8 | 11.9 | 16.3 | -2.0% |
| India | 3.6 | 10.1 | 12.1 | 14.6 | 59.5% |
| South Africa | 18.1 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 4.4 | 6.5 | 1.6 | 4.6% |
| Total | 147 | 184 | 215 | 255 | 20.2% |
Top Suppliers of Cereals; Millet, Seed to Singapore in 2022:
- China (106.1 tons)
- United States (15.5 tons)
- India (7.0 tons)
Cereals; Millet, Seed Exports in Singapore
In 2022, the amount of cereals; millet, seeds exported from Singapore skyrocketed to 4.3 tons, surging by 113% compared with 2021 figures. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 188%. As a result, the exports attained the peak of 6.6 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; millet, seed exports skyrocketed to $2.9K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 207% against the previous year. As a result, the exports reached the peak of $4.4K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereals; Millet, Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.9 | 3.8 | 0.7 | 2.0 | 30.5% |
| Brunei Darussalam | 0.4 | 0.5 | 0.6 | 0.8 | 26.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 1.4 | 4.4 | 1.4 | 2.9 | 27.5% |
Top Export Markets for Cereals; Millet, Seed from Singapore in 2022:
- Malaysia (3.4 tons)
- Brunei Darussalam (0.9 tons)
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