Price for Buckwheat, Millet and Canary Seed; Other Cereals in Singapore - 2022
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Singapore (CIF) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Singapore (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Singapore
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Singapore
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Singapore (CIF) - 2022
The average import price for buckwheat, millet and canary seed; other cerealses stood at $2,112 per ton in 2022, waning by -5.5% against the previous year. In general, the import price recorded a slight downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 110%. Over the period under review, average import prices hit record highs at $3,183 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($3,631 per ton), while the price for India ($1,333 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Singapore (FOB) - 2022
In 2022, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $4,766 per ton, growing by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2016 when the average export price increased by 36%. As a result, the export price attained the peak level of $6,228 per ton. From 2017 to 2022, the average 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 Indonesia ($13,274 per ton), while the average price for exports to Malaysia ($2,194 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 Indonesia (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Singapore
After three years of growth, supplies from abroad of buckwheat, millet and canary seed; other cerealses decreased by -14.4% to 642 tons in 2022. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of 750 tons, and then contracted in the following year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses contracted sharply to $1.4M in 2022. Over the period under review, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 9.5% against the previous year. As a result, imports attained the peak of $1.7M, and then fell notably in the following year.
Import of Buckwheat, Millet and Canary Seed; Other Cereals in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 197 | 240 | 376 | 409 | 27.6% |
Bolivia | 286 | 310 | 365 | 189 | -12.9% |
Peru | 306 | 380 | 298 | 185 | -15.4% |
India | 148 | 146 | 166 | 117 | -7.5% |
Australia | 148 | 77.7 | 78.7 | 91.3 | -14.9% |
United States | 191 | 48.9 | 80.0 | 74.9 | -26.8% |
Malaysia | 85.1 | 119 | 102 | 71.9 | -5.5% |
South Korea | 43.7 | 50.4 | 72.0 | 51.6 | 5.7% |
Chile | N/A | 51.6 | N/A | 43.2 | -8.5% |
Others | 138 | 107 | 137 | 124 | -3.5% |
Total | 1,542 | 1,531 | 1,676 | 1,357 | -4.2% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Singapore in 2022:
- China (286.5 tons)
- India (87.5 tons)
- Bolivia (79.2 tons)
- Peru (69.9 tons)
- United States (26.9 tons)
- Chile (20.0 tons)
- South Korea (14.2 tons)
- Malaysia (10.8 tons)
- Australia (10.3 tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Singapore
In 2022, overseas shipments of buckwheat, millet and canary seed; other cerealses decreased by -41.5% to 42 tons, falling for the second year in a row after two years of growth. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by 79%. As a result, the exports attained the peak of 129 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 remarkably to $199K in 2022. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. As a result, the exports attained the peak of $608K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
Export of Buckwheat, Millet and Canary Seed; Other Cereals in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 2.7 | 6.8 | 3.5 | 57.6 | 177.3% |
Thailand | 16.1 | 57.9 | 83.7 | 50.3 | 46.2% |
Indonesia | 197 | 55.1 | 57.6 | 25.9 | -49.2% |
Hong Kong SAR | 12.7 | 65.4 | 53.6 | 19.6 | 15.6% |
Timor-Leste | N/A | N/A | 8.3 | 15.1 | 81.9% |
Malaysia | 72.8 | 43.8 | 94.4 | 11.8 | -45.5% |
Cambodia | 2.6 | 5.4 | 2.8 | 5.3 | 26.8% |
South Korea | N/A | 352 | N/A | N/A | 0% |
Peru | 24.6 | N/A | N/A | N/A | 0% |
Others | 40.4 | 21.6 | 23.9 | 13.4 | -30.8% |
Total | 369 | 608 | 328 | 199 | -18.6% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Singapore in 2022:
- Vietnam (11.7 tons)
- Thailand (10.9 tons)
- Malaysia (5.4 tons)
- Hong Kong SAR (4.8 tons)
- Timor-Leste (2.4 tons)
- Indonesia (1.9 tons)
- Cambodia (1.2 tons)
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