Price for Buckwheat, Millet and Canary Seed; Other Cereals in Mexico - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Mexico (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Mexico (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Mexico
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Mexico
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Mexico (CIF) - 2023
In October 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $1,069 per ton, remaining relatively unchanged against the previous month. In general, the import price recorded modest growth. The growth pace was the most rapid in June 2023 when the average import price increased by 12% against the previous month. Over the period under review, average import prices reached the peak figure in October 2023.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From January 2023 to October 2023, the rate of growth in terms of prices for Canada amounted to -0.2% per month.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Mexico (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $1,835 per ton in 2022, picking up by 4.7% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for buckwheat, millet and canary seed; other cerealses increased by +2.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +18.7% per year.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Mexico
In 2022, imports of buckwheat, millet and canary seed; other cerealses into Mexico fell notably to 14K tons, waning by -62.8% compared with 2021 figures. In general, imports saw a sharp contraction.
In value terms, imports of buckwheat, millet and canary seed; other cerealses reduced notably to $15M in 2022. Overall, imports showed a sharp decrease.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Canada | 35.5 | 14.2 | -60.0% | ||
| United States | 2.8 | 0.9 | -67.9% | ||
| Others | 0.5 | 0.2 | -60.0% | ||
| Total | 38.7 | 15.2 | -60.7% | ||
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Mexico in 2022:
- Canada (12.4K tons)
- United States (1.2K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Mexico
In 2022, shipments abroad of buckwheat, millet and canary seed; other cerealses decreased by -67.2% to 14 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 348% against the previous year. As a result, the exports attained the peak of 43 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 declined dramatically to $26K in 2022. In general, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 354%. As a result, the exports reached the peak of $75K. 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 Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.2 | 74.7 | 70.4 | 25.6 | 24.7% |
| Others | 3.3 | N/A | 4.2 | N/A | 12.8% |
| Total | 16.5 | 74.7 | 74.6 | 25.6 | 15.8% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Mexico in 2022:
- United States (14.0 tons)
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