Price for Buckwheat, Millet and Canary Seed; Other Cereals in Japan - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Japan (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Japan (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Japan
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Japan
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Japan (CIF) - 2023
In November 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $992 per ton, picking up by 6.1% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 46% month-to-month. Over the period under review, average import prices hit record highs at $1,089 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($1,221 per ton), while the price for Russia ($574 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Japan (FOB) - 2022
In 2022, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $1,864 per ton, growing by 34% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2019 an increase of 202%. The export price peaked at $2,886 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($4,567 per ton), while the average price for exports to Australia ($1,006 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 Mongolia (+61.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Japan
In 2022, supplies from abroad of buckwheat, millet and canary seed; other cerealses was finally on the rise to reach 42K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a drastic downturn.
In value terms, imports of buckwheat, millet and canary seed; other cerealses expanded markedly to $37M in 2022. In general, imports, however, recorded a relatively flat trend pattern.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.8 | 11.8 | 10.7 | 12.8 | -6.8% |
| China | 12.1 | 8.4 | 6.0 | 7.3 | -15.5% |
| Russia | 3.9 | 4.5 | 6.3 | 6.8 | 20.4% |
| India | 1.6 | 2.2 | 2.4 | 2.9 | 21.9% |
| Brazil | 0.7 | 1.4 | 1.6 | 2.7 | 56.8% |
| Canada | 0.8 | 0.8 | 0.9 | 1.2 | 14.5% |
| Others | 3.1 | 3.9 | 4.6 | 3.4 | 3.1% |
| Total | 38.0 | 33.1 | 32.4 | 37.0 | -0.9% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Japan in 2022:
- United States (13.8K tons)
- Russia (9.4K tons)
- China (7.0K tons)
- India (5.2K tons)
- Brazil (3.2K tons)
- Canada (1.1K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Japan
In 2022, shipments abroad of buckwheat, millet and canary seed; other cerealses decreased by -31.1% to 43 tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 800%. As a result, the exports reached the peak of 294 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of buckwheat, millet and canary seed; other cerealses fell to $81K in 2022. Over the period under review, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2020 with an increase of 273% against the previous year. As a result, the exports reached the peak of $322K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 14.3 | N/A | 5.9 | 27.4 | 24.2% |
| United States | 17.8 | 21.5 | 14.3 | 12.1 | -12.1% |
| Taiwan (Chinese) | 5.5 | 5.6 | 17.9 | 10.4 | 23.7% |
| Singapore | N/A | 18.7 | 6.0 | 9.8 | -27.6% |
| Philippines | 4.4 | N/A | 3.3 | 5.8 | 9.6% |
| France | 22.0 | 5.8 | 8.9 | 4.8 | -39.8% |
| Vietnam | 6.0 | 1.9 | 1.8 | 3.9 | -13.4% |
| Australia | N/A | N/A | N/A | 3.0 | 0% |
| Russia | N/A | N/A | 10.1 | N/A | 0% |
| China | N/A | 120 | N/A | N/A | 0% |
| Mongolia | N/A | 123 | N/A | N/A | 0% |
| United Arab Emirates | N/A | 1.3 | 1.9 | N/A | 46.2% |
| Others | 16.3 | 23.2 | 17.2 | 3.4 | -40.7% |
| Total | 86.3 | 322 | 87.4 | 80.6 | -2.3% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Japan in 2022:
- United States (9.3 tons)
- Singapore (6.7 tons)
- Taiwan (Chinese) (6.0 tons)
- Thailand (6.0 tons)
- France (4.1 tons)
- Philippines (3.4 tons)
- Australia (3.0 tons)
- Vietnam (2.3 tons)
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