Cereals; Rye, Seed Price in Canada - 2023
Contents:
- Cereals; Rye, Seed Price in Canada (FOB) - 2023
- Cereals; Rye, Seed Price in Canada (CIF) - 2022
- Cereals; Rye, Seed Exports in Canada
- Cereals; Rye, Seed Imports in Canada
Cereals; Rye, Seed Price in Canada (FOB) - 2023
The average cereals; rye, seed export price stood at $371 per ton in June 2023, which is down by -1.8% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 15% against the previous month. As a result, the export price reached the peak level of $471 per ton. From January 2023 to June 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -0.8% per month.
Cereals; Rye, Seed Price in Canada (CIF) - 2022
In 2022, the average cereals; rye, seed import price amounted to $348 per ton, falling by -7.8% against the previous year. Over the period under review, the import price, however, recorded temperate growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 102% against the previous year. Over the period under review, average import prices attained the peak figure at $472 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 the United States ($476 per ton), while the price for Germany ($131 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Cereals; Rye, Seed Exports in Canada
In 2022, the amount of cereals; rye, seeds exported from Canada soared to 61K tons, jumping by 15% against the previous year. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; rye, seed exports surged to $27M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Rye, Seed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.5 | 14.4 | 18.7 | 26.5 | 10.8% |
| Others | 0.3 | 0.4 | 0.2 | 0.4 | 10.1% |
| Total | 19.8 | 14.8 | 19.0 | 26.9 | 10.8% |
Top Export Markets for Cereals; Rye, Seed from Canada in 2022:
- United States (60.3K tons)
Cereals; Rye, Seed Imports in Canada
In 2022, purchases abroad of cereals; rye, seeds decreased by -4.8% to 1K tons, falling for the second year in a row after two years of growth. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 138%. As a result, imports attained the peak of 3.1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; rye, seed imports fell to $354K in 2022. Over the period under review, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 381%. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Rye, Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.8 | 845 | 157 | 205 | 111.1% |
| Italy | 192 | 228 | 235 | 144 | -9.1% |
| Germany | 6.2 | 0.7 | 4.5 | 2.7 | -24.2% |
| Others | 5.1 | 8.0 | 6.6 | 2.2 | -24.4% |
| Total | 225 | 1,081 | 403 | 354 | 16.3% |
Top Suppliers of Cereals; Rye, Seed to Canada in 2022:
- Italy (524.7 tons)
- United States (431.0 tons)
- Germany (20.9 tons)
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