Price for Buckwheat, Millet and Canary Seed; Other Cereals in Hungary - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Hungary (FOB) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Hungary (CIF) - 2022
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Hungary
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Hungary
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Hungary (FOB) - 2023
In October 2023, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $1,362 per ton, rising by 74% against the previous month. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 151% month-to-month. As a result, the export price attained the peak level of $2,002 per ton. From August 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Bosnia and Herzegovina ($4,279 per ton), while the average price for exports to Serbia stood at $1,196 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Hungary (CIF) - 2022
The average import price for buckwheat, millet and canary seed; other cerealses stood at $638 per ton in 2022, picking up by 17% against the previous year. Overall, the import price continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2016 an increase of 72%. Over the period under review, average import prices attained the peak figure at $1,338 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Germany ($2,530 per ton), while the price for Serbia ($324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Hungary
In 2022, shipments abroad of buckwheat, millet and canary seed; other cerealses decreased by -23.1% to 8.7K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 5.4% against the previous year. As a result, the exports attained the peak of 18K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of buckwheat, millet and canary seed; other cerealses reached $7.4M in 2022. In general, exports saw a abrupt contraction.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 112 | 1,415 | 1,220 | 2,027 | 162.5% |
| Italy | 1,998 | 1,965 | 1,364 | 1,387 | -11.5% |
| France | 223 | 116 | 447 | 519 | 32.5% |
| Austria | 929 | 909 | 916 | 511 | -18.1% |
| Germany | 875 | 349 | 750 | 475 | -18.4% |
| Poland | 665 | 669 | 416 | 449 | -12.3% |
| Serbia | 196 | 302 | 138 | 340 | 20.2% |
| Slovakia | 794 | 609 | 270 | 333 | -25.1% |
| Romania | 371 | 532 | 182 | 234 | -14.2% |
| Slovenia | 106 | 109 | 228 | 213 | 26.2% |
| Croatia | 72.7 | 101 | 158 | 112 | 15.5% |
| Others | 2,396 | 526 | 1,202 | 787 | -31.0% |
| Total | 8,737 | 7,603 | 7,291 | 7,387 | -5.4% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Hungary in 2022:
- Italy (4072.9 tons)
- Austria (1316.4 tons)
- Slovenia (454.6 tons)
- France (451.5 tons)
- Poland (401.2 tons)
- Spain (361.0 tons)
- Romania (341.4 tons)
- Serbia (313.1 tons)
- Germany (300.2 tons)
- Slovakia (247.5 tons)
- Croatia (142.0 tons)
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Hungary
In 2022, after three years of growth, there was significant decline in overseas purchases of buckwheat, millet and canary seed; other cerealses, when their volume decreased by -66.2% to 4.6K tons. Overall, imports, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 144% against the previous year. As a result, imports attained the peak of 14K tons, and then reduced remarkably in the following year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses contracted rapidly to $2.9M in 2022. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 144%. As a result, imports reached the peak of $7.4M, and then fell significantly in the following year.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 651 | 1,318 | 1,319 | 1,205 | 22.8% |
| Germany | 465 | 478 | 597 | 505 | 2.8% |
| Slovakia | 127 | 294 | 4,229 | 349 | 40.1% |
| Poland | 171 | 203 | 203 | 189 | 3.4% |
| Netherlands | 230 | 121 | 161 | 163 | -10.8% |
| India | 14.2 | 80.5 | 29.5 | 94.2 | 87.9% |
| Estonia | N/A | N/A | N/A | 55.6 | 0% |
| Italy | 545 | 122 | 158 | 52.8 | -54.1% |
| Serbia | 7.2 | 12.9 | 2.6 | 23.9 | 49.2% |
| Romania | 783 | 48.1 | 34.7 | 0.4 | -92.0% |
| Others | 532 | 369 | 698 | 307 | -16.7% |
| Total | 3,526 | 3,047 | 7,433 | 2,944 | -5.8% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Hungary in 2022:
- Ukraine (2868.5 tons)
- Slovakia (791.0 tons)
- Germany (199.6 tons)
- Poland (157.0 tons)
- India (111.4 tons)
- Estonia (108.7 tons)
- Netherlands (76.4 tons)
- Serbia (73.6 tons)
- Italy (41.1 tons)
- Romania (0.4 tons)
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