Price for Buckwheat, Millet and Canary Seed; Other Cereals in Italy - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Italy (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Italy (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Italy
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Italy
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Italy (CIF) - 2023
The average import price for buckwheat, millet and canary seed; other cerealses stood at $807 per ton in October 2023, rising by 17% against the previous month. Overall, import price indicated tangible growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for buckwheat, millet and canary seed; other cerealses decreased by -0.7% against August 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 29% m-o-m. The import price peaked at $895 per ton in May 2023; however, from June 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Peru ($2,436 per ton), while the price for Ukraine ($415 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Italy (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $2,133 per ton in 2022, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +5.1%. The growth pace was the most rapid in 2015 when the average export price increased by 29% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
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 Spain ($3,439 per ton), while the average price for exports to Cyprus ($403 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 Spain (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Italy
In 2022, approx. 131K tons of buckwheat, millet and canary seed; other cerealses were imported into Italy; with an increase of 63% against 2021. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of buckwheat, millet and canary seed; other cerealses skyrocketed to $77M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | 0.3 | N/A | 13.9 | 580.7% |
| France | 4.9 | 6.6 | 5.2 | 11.4 | 32.5% |
| Poland | 3.0 | 5.2 | 7.8 | 7.6 | 36.3% |
| Germany | 2.0 | 2.4 | 3.8 | 7.3 | 54.0% |
| Peru | 4.1 | 4.9 | 3.6 | 5.1 | 7.5% |
| Canada | 3.3 | 3.6 | 4.1 | 4.7 | 12.5% |
| Austria | 1.8 | 2.5 | 3.4 | 3.8 | 28.3% |
| Lithuania | 2.9 | 2.3 | 3.2 | 3.5 | 6.5% |
| Slovakia | 0.7 | 0.6 | 1.4 | 1.8 | 37.0% |
| Ukraine | 0.9 | 2.2 | 1.7 | 1.6 | 21.1% |
| Hungary | 2.1 | 1.8 | 1.7 | 1.6 | -8.7% |
| Romania | 0.8 | 0.8 | 0.1 | 1.2 | 14.5% |
| Croatia | 0.5 | 0.8 | 2.1 | 0.9 | 21.6% |
| Others | 7.2 | 10.1 | 11.3 | 12.1 | 18.9% |
| Total | 34.2 | 44.3 | 49.4 | 76.5 | 30.8% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Italy in 2022:
- France (31.7K tons)
- Greece (29.1K tons)
- Germany (17.5K tons)
- Austria (8.2K tons)
- Poland (6.9K tons)
- Hungary (5.7K tons)
- Canada (5.0K tons)
- Slovakia (4.7K tons)
- Ukraine (3.5K tons)
- Croatia (2.7K tons)
- Lithuania (2.6K tons)
- Peru (2.6K tons)
- Romania (1.9K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Italy
In 2022, after three years of growth, there was significant decline in shipments abroad of buckwheat, millet and canary seed; other cerealses, when their volume decreased by -24.1% to 4K tons. Over the period under review, exports recorded a noticeable contraction. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year.
In value terms, exports of buckwheat, millet and canary seed; other cerealses shrank markedly to $8.5M in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3,072 | 3,811 | 4,275 | 2,831 | -2.7% |
| Netherlands | 242 | 322 | 688 | 753 | 46.0% |
| Spain | 505 | 1,101 | 896 | 698 | 11.4% |
| Greece | 104 | 262 | 345 | 556 | 74.9% |
| Germany | 637 | 677 | 455 | 476 | -9.3% |
| Belgium | 172 | 83.0 | 112 | 409 | 33.5% |
| Hungary | 457 | 95.0 | 310 | 390 | -5.1% |
| Sweden | 561 | 497 | 392 | 359 | -13.8% |
| United States | 89.3 | 444 | 337 | 338 | 55.8% |
| Cyprus | 89.9 | 101 | 261 | 192 | 28.8% |
| Peru | N/A | N/A | N/A | 175 | 0% |
| Romania | 53.0 | 82.1 | 101 | 159 | 44.2% |
| Austria | 176 | 76.4 | 405 | 150 | -5.2% |
| Others | 1,404 | 1,731 | 1,490 | 1,052 | -9.2% |
| Total | 7,562 | 9,282 | 10,067 | 8,539 | 4.1% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Italy in 2022:
- France (1021.4 tons)
- Cyprus (476.3 tons)
- Hungary (380.2 tons)
- Greece (285.7 tons)
- Netherlands (263.7 tons)
- Spain (202.9 tons)
- Austria (201.4 tons)
- Germany (151.6 tons)
- Belgium (141.3 tons)
- Sweden (114.3 tons)
- United States (107.7 tons)
- Romania (101.8 tons)
- Peru (80.0 tons)
571
This report provides an in-depth analysis of the buckwheat market in Italy.
537
This report provides an in-depth analysis of the canary seed market in Italy.
560
This report provides an in-depth analysis of the fonio market in Italy.
643
This report provides an in-depth analysis of the quinoa market in Italy.
507
This report provides an in-depth analysis of the triticale market in Italy.
530
This report provides an in-depth analysis of the millet market in Italy.
686
This report provides an in-depth analysis of the cereal market in Italy.
730
This report provides an in-depth analysis of the grain market in Italy.
617
This report provides an in-depth analysis of the grain market in Italy.
4293
This report provides an in-depth analysis of the global buckwheat market.
133
From March 2023 to September 2023, the growth of Canary Seed imports stayed at a lower level. The value of imports for Canary Seed skyrocketed to $659K in September 2023.
190
The rate of growth for Quinoa imports experienced significant growth in August 2023, with a month-on-month increase of 133%. However, the value of quinoa imports declined sharply to $401K in September 2023.
255
The rate of expansion was most notable in September 2022 with a 22% increase in imports compared to the previous month. In terms of value, cereal imports reached a soaring $457M in August 2023.
868
In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
6653
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3139
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
3160
Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2222
In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.
3601
In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of global production. According to e
1827
The Mongozo Buckwheat White recently won gold at the World Beer Awards in London. Brewed with unique ingredients, the Buckwheat White is praised for its fresh and fruity aroma and smooth aftertaste. Most importantly, it is gluten-free, and is, therefor
