Price for Buckwheat, Millet and Canary Seed; Other Cereals in Serbia - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Serbia (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Serbia (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Serbia
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Serbia
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Serbia (CIF) - 2023
The average import price for buckwheat, millet and canary seed; other cerealses stood at $893 per ton in November 2023, dropping by -41.9% against the previous month. Over the period under review, the import price saw a perceptible downturn. The growth pace was the most rapid in March 2023 when the average import price increased by 106% m-o-m. Over the period under review, average import prices hit record highs at $1,536 per ton in October 2023, and then declined rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($4,225 per ton), while the price for Russia ($354 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 Hungary (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Serbia (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $567 per ton in 2022, with an increase of 4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($1,410 per ton), while the average price for exports to Hungary ($323 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 Italy (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Serbia
After two years of decline, purchases abroad of buckwheat, millet and canary seed; other cerealses increased by 17% to 2.5K tons in 2022. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained 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 $2.6M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 36%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 277 | 506 | 758 | 1,068 | 56.8% |
| Russia | 606 | 520 | 1,104 | 911 | 14.6% |
| Czech Republic | N/A | N/A | N/A | 96.7 | 0% |
| Hungary | 152 | 296 | 59.1 | 92.3 | -15.3% |
| Kazakhstan | N/A | N/A | N/A | 86.7 | 0% |
| Bosnia and Herzegovina | 19.0 | 28.9 | 15.2 | 72.0 | 55.9% |
| Ukraine | 23.8 | 1.3 | 0.8 | 40.8 | 19.7% |
| Others | 247 | 258 | 256 | 249 | 0.3% |
| Total | 1,325 | 1,610 | 2,194 | 2,615 | 25.4% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Serbia in 2022:
- Russia (1603.4 tons)
- Italy (264.8 tons)
- Hungary (124.3 tons)
- Ukraine (91.3 tons)
- Czech Republic (85.6 tons)
- Kazakhstan (83.7 tons)
- Bosnia and Herzegovina (83.4 tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Serbia
In 2022, exports of buckwheat, millet and canary seed; other cerealses from Serbia reduced slightly to 1.3K tons, waning by -3.9% against the year before. In general, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, the exports attained the peak of 1.4K tons, and then fell in the following year.
In value terms, exports of buckwheat, millet and canary seed; other cerealses contracted slightly to $748K in 2022. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 85% against the previous year. As a result, the exports attained the peak of $748K, leveling off in the following year.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 309 | 211 | 511 | 414 | 10.2% |
| North Macedonia | 12.3 | 27.8 | 85.4 | 90.8 | 94.7% |
| Montenegro | 48.3 | 67.4 | 95.8 | 73.2 | 14.9% |
| Italy | 3.8 | 5.4 | 3.9 | 48.2 | 133.2% |
| Hungary | 6.8 | 12.4 | 2.6 | 24.7 | 53.7% |
| Uzbekistan | N/A | 14.0 | N/A | 21.8 | 24.8% |
| Spain | N/A | N/A | N/A | 11.1 | 0% |
| Croatia | 25.8 | 7.1 | 2.8 | 10.4 | -26.1% |
| Slovenia | 7.8 | 41.8 | 10.9 | 0.6 | -57.5% |
| Others | 47.1 | 17.9 | 35.6 | 53.1 | 4.1% |
| Total | 461 | 405 | 748 | 748 | 17.5% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Serbia in 2022:
- Bosnia and Herzegovina (623.3 tons)
- North Macedonia (255.7 tons)
- Italy (144.0 tons)
- Montenegro (81.7 tons)
- Hungary (76.7 tons)
- Uzbekistan (59.0 tons)
- Spain (24.0 tons)
- Croatia (17.3 tons)
- Slovenia (1.0 tons)
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