Cereals; Millet, Seed Price in South Africa - 2023
Contents:
- Cereals; Millet, Seed Price in South Africa (CIF) - 2022
- Cereals; Millet, Seed Price in South Africa (FOB) - 2022
- Cereals; Millet, Seed Imports in South Africa
- Cereals; Millet, Seed Exports in South Africa
Cereals; Millet, Seed Price in South Africa (CIF) - 2022
In 2022, the average cereals; millet, seed import price amounted to $511 per ton, growing by 38% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +19.0% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 42%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 India ($819 per ton), while the price for Ukraine ($394 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Cereals; Millet, Seed Price in South Africa (FOB) - 2022
The average cereals; millet, seed export price stood at $984 per ton in 2022, which is down by -4.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 210%. The export price peaked at $1,616 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,082 per ton), while the average price for exports to Lesotho ($432 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 Mozambique (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Millet, Seed Imports in South Africa
Cereals; millet, seed imports into South Africa dropped remarkably to 4.8K tons in 2022, which is down by -18.3% compared with 2021. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of 5.9K tons, and then reduced rapidly in the following year.
In value terms, cereals; millet, seed imports expanded markedly to $2.5M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Millet, Seed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 308 | 411 | 64.8 | 983 | 47.2% |
| India | 435 | 306 | 461 | 958 | 30.1% |
| Ukraine | 1,169 | 816 | 1,469 | 464 | -26.5% |
| Brazil | 276 | N/A | N/A | N/A | 0% |
| Others | 257 | 189 | 194 | 61.3 | -38.0% |
| Total | 2,444 | 1,723 | 2,190 | 2,466 | 0.3% |
Top Suppliers of Cereals; Millet, Seed to South Africa in 2022:
- Brazil (undefined tons)
- Russia (2411.3 tons)
- Ukraine (1175.8 tons)
- India (1169.3 tons)
Cereals; Millet, Seed Exports in South Africa
In 2022, the amount of cereals; millet, seeds exported from South Africa surged to 382 tons, growing by 415% against the year before. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, seed exports skyrocketed to $376K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Millet, Seed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | N/A | N/A | N/A | 328 | 0% |
| China | N/A | N/A | N/A | 26.0 | 0% |
| Madagascar | N/A | N/A | 49.8 | 17.4 | -65.1% |
| Namibia | N/A | 9.3 | 2.1 | 2.8 | -45.1% |
| United States | N/A | 34.7 | N/A | N/A | 0% |
| Singapore | 20.8 | N/A | N/A | N/A | 0% |
| Italy | 7.6 | 7.1 | 19.2 | N/A | 58.9% |
| Others | 6.3 | 11.1 | 5.5 | 1.0 | -45.9% |
| Total | 34.8 | 62.3 | 76.5 | 376 | 121.1% |
Top Export Markets for Cereals; Millet, Seed from South Africa in 2022:
- Angola (334.9 tons)
- China (24.0 tons)
- Madagascar (19.1 tons)
- Namibia (2.6 tons)
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