Cereals; Rye, Seed Price in the United States - 2023
Contents:
- Cereals; Rye, Seed Price in the United States (CIF) - 2023
- Cereals; Rye, Seed Price in the United States (FOB) - 2022
- Cereals; Rye, Seed Imports in the United States
- Cereals; Rye, Seed Exports in the United States
Cereals; Rye, Seed Price in the United States (CIF) - 2023
The average cereals; rye, seed import price stood at $396 per ton in July 2023, rising by 10% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $434 per ton in September 2022; however, from October 2022 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From July 2022 to July 2023, the rate of growth in terms of prices for Canada amounted to -0.6% per month.
Cereals; Rye, Seed Price in the United States (FOB) - 2022
In 2022, the average cereals; rye, seed export price amounted to $1,605 per ton, with an increase of 23% against the previous year. Over the last decade, it increased at an average annual rate of +5.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($1,740 per ton), while the average price for exports to Canada ($575 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 Canada (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Rye, Seed Imports in the United States
In 2022, approx. 61K tons of cereals; rye, seeds were imported into the United States; increasing by 15% on the year before. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; rye, seed imports skyrocketed to $25M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Rye, Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 20.0 | 14.1 | 18.0 | 24.9 | 7.6% |
| Others | 0.2 | 0.4 | 0.1 | 0.1 | -20.6% |
| Total | 20.2 | 14.5 | 18.2 | 25.0 | 7.4% |
Top Suppliers of Cereals; Rye, Seed to the United States in 2022:
- Canada (60.5K tons)
Cereals; Rye, Seed Exports in the United States
In 2022, shipments abroad of cereals; rye, seeds decreased by -8.5% to 3.1K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. As a result, the exports attained the peak of 4.8K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; rye, seed exports rose remarkably to $4.9M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 21%. As a result, the exports reached the peak of $5.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Rye, Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.0 | 3.7 | 3.7 | 4.5 | 4.0% |
| Japan | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
| China | N/A | N/A | N/A | 0.1 | 0% |
| Guyana | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Cambodia | N/A | 0.2 | N/A | N/A | 0% |
| Canada | N/A | 0.9 | 0.2 | N/A | -77.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.2 | 5.1 | 4.4 | 4.9 | 5.3% |
Top Export Markets for Cereals; Rye, Seed from the United States in 2022:
- South Korea (2568.1 tons)
- Japan (238.1 tons)
- China (119.7 tons)
- Canada (81.0 tons)
- Guyana (52.1 tons)
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In July 2022, the rye price stood at $334 per ton, with a decrease of -9.5% against the previous month.
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In June 2022, the rye price per ton stood at $368 per ton in June 2022, with an increase of 5.8% against the previous month.
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Based on 2018 figures, rye production decreased by -26.7% against 2015 indices.
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Discover the top import markets for rye and gain insights into their import values. Germany, the United States, Spain, Tanzania, and the Netherlands lead the way in rye imports.
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In 2020, the global rye imports rose by 54% y-o-y, owing primarily to the increased supplies to Germany. Over the last year, this country ramped up its imports nearly twofold, from 484 tons to 902 tons, and remains the major rye importer worldwide. Near 87% of imported rye came to Germany from Poland, the leading global exporter.
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Global rye consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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In 2015, the countries with the highest levels of rye production were Germany (X thousand tons), Russia (X thousand tons), Poland (X thousand tons), together accounting for X% of total output.
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Poland dominates in the global rye trade. In 2014, Poland exported X thousand tons of rye totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its total rye exports in value terms,
