Price for Buckwheat, Millet and Canary Seed; Other Cereals in South Africa - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in South Africa (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in South Africa (FOB) - 2023
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in South Africa
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in South Africa
Price for Buckwheat, Millet and Canary Seed; Other Cereals in South Africa (CIF) - 2023
In December 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $505 per ton, surging by 33% against the previous month. Overall, the import price, however, saw a pronounced slump. Over the period under review, average import prices reached the maximum at $843 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Peru ($2,256 per ton), while the price for India ($352 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Russia (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in South Africa (FOB) - 2023
In December 2023, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $2,196 per ton, rising by 39% against the previous month. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Namibia ($4,448 per ton), while the average price for exports to the United Arab Emirates ($1,480 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in South Africa
In 2022, imports of buckwheat, millet and canary seed; other cerealses into South Africa dropped to 9.7K tons, reducing by -8.5% against the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports reached the peak of 11K tons, and then contracted in the following year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses soared to $5.9M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 450 | 752 | 102 | 1,435 | 47.2% |
| India | 862 | 543 | 530 | 1,407 | 17.7% |
| Ukraine | 1,430 | 1,438 | 2,297 | 754 | -19.2% |
| Peru | 513 | 823 | 296 | 527 | 0.9% |
| Canada | 253 | 227 | 254 | 282 | 3.7% |
| Romania | N/A | N/A | N/A | 195 | 0% |
| Zimbabwe | 67.0 | N/A | 23.6 | 174 | 37.5% |
| Brazil | 469 | N/A | N/A | N/A | 0% |
| Others | 1,092 | 379 | 720 | 1,173 | 2.4% |
| Total | 5,136 | 4,162 | 4,223 | 5,947 | 5.0% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to South Africa in 2022:
- Russia (3.5K tons)
- Ukraine (1.9K tons)
- India (1.7K tons)
- Zimbabwe (0.7K tons)
- Romania (0.4K tons)
- Canada (0.3K tons)
- Peru (0.3K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in South Africa
In 2022, shipments abroad of buckwheat, millet and canary seed; other cerealses decreased by -25.8% to 2.7K tons, falling for the second consecutive year after two years of growth. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 6.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of buckwheat, millet and canary seed; other cerealses shrank notably to $3.9M in 2022. In general, exports continue to indicate a slight slump. The growth pace was the most rapid in 2020 when exports increased by 54%. As a result, the exports attained the peak of $6.3M. 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 South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,489 | 2,579 | 1,901 | 1,607 | 2.6% |
| Mauritania | N/A | N/A | 296 | 533 | 80.1% |
| Canada | 998 | 1,280 | 699 | 409 | -25.7% |
| Angola | 0.1 | 32.2 | 0.3 | 380 | 1460.5% |
| Netherlands | 496 | 467 | 499 | 182 | -28.4% |
| Botswana | 135 | 145 | 170 | 149 | 3.3% |
| Namibia | 197 | 170 | 165 | 94.2 | -21.8% |
| Lesotho | 206 | 765 | 80.8 | 1.9 | -79.0% |
| Others | 587 | 882 | 1,182 | 575 | -0.7% |
| Total | 4,107 | 6,321 | 4,992 | 3,932 | -1.4% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from South Africa in 2022:
- United States (1032.5 tons)
- Angola (387.9 tons)
- Canada (343.9 tons)
- Mauritania (246.3 tons)
- Netherlands (229.4 tons)
- Namibia (136.4 tons)
- Botswana (79.6 tons)
- Lesotho (5.7 tons)
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