Price for Buckwheat, Millet and Canary Seed; Other Cereals in Chile - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Chile (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Chile (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Chile
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Chile
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Chile (CIF) - 2023
In December 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $1,482 per ton, with an increase of 6.8% against the previous month. Overall, import price indicated perceptible growth from December 2022 to December 2023: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for buckwheat, millet and canary seed; other cerealses increased by +23.1% against July 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 64% against the previous month. As a result, import price attained the peak level of $1,492 per ton; afterwards, it flattened through to December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,240 per ton), while the price for Argentina ($474 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Peru (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Chile (FOB) - 2022
In 2022, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $12,536 per ton, dropping by -24.7% against the previous year. Overall, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 208%. The export price peaked at $16,659 per ton in 2021, and then contracted rapidly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($22,188 per ton), while the average price for exports to Guatemala ($2,997 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 Argentina (+56.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Chile
In 2022, purchases abroad of buckwheat, millet and canary seed; other cerealses decreased by -2.8% to 4.8K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 24%. As a result, imports attained the peak of 5.5K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of buckwheat, millet and canary seed; other cerealses declined to $5.2M in 2022. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 8.8%. As a result, imports reached the peak of $6.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 3.9 | 3.9 | 2.9 | 2.3 | -16.1% |
| Argentina | 0.2 | 0.7 | 0.8 | 1.4 | 91.3% |
| Canada | 1.4 | 1.5 | 1.4 | 1.1 | -7.7% |
| Bolivia | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Belgium | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | N/A | 0.1 | 0.2 | N/A | 100.0% |
| Total | 5.9 | 6.4 | 5.6 | 5.2 | -4.1% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Chile in 2022:
- Argentina (2228.7 tons)
- Peru (1369.3 tons)
- Canada (988.6 tons)
- Bolivia (144.4 tons)
- Belgium (86.1 tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Chile
In 2022, the amount of buckwheat, millet and canary seed; other cerealses exported from Chile shrank to 21 tons, with a decrease of -4.3% compared with the previous year's figure. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 5.4%.
In value terms, exports of buckwheat, millet and canary seed; other cerealses contracted sharply to $257K in 2022. Over the period under review, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2020 with an increase of 79%.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 24.7 | 217 | 338 | 204 | 102.1% |
| United States | 34.9 | 37.8 | 2.0 | 17.0 | -21.3% |
| Germany | 3.6 | N/A | N/A | 13.1 | 53.8% |
| Honduras | 2.8 | 6.8 | 7.3 | 12.0 | 62.4% |
| Guatemala | 0.5 | 4.0 | 4.1 | 8.4 | 156.1% |
| Dominican Republic | N/A | 4.5 | 4.5 | 2.4 | -27.0% |
| Peru | 73.9 | N/A | N/A | N/A | 0% |
| Others | 11.8 | 3.4 | 1.6 | N/A | -63.2% |
| Total | 152 | 273 | 357 | 257 | 19.1% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Chile in 2022:
- Canada (9.2 tons)
- United States (3.3 tons)
- Honduras (2.8 tons)
- Guatemala (2.8 tons)
- Germany (1.9 tons)
- Dominican Republic (0.5 tons)
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