Price for Buckwheat, Millet and Canary Seed; Other Cereals in Spain - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Spain (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Spain (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Spain
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Spain
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Spain (CIF) - 2023
The average import price for buckwheat, millet and canary seed; other cerealses stood at $277 per ton in October 2023, increasing by 6.5% against the previous month. In general, the import price, however, showed a mild reduction. The growth pace was the most rapid in April 2023 an increase of 60% against the previous month. As a result, import price attained the peak level of $788 per ton. From May 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($856 per ton), while the price for Poland ($252 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Latvia (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Spain (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $909 per ton in 2022, picking up by 1.8% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 90%. 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 the Netherlands ($2,469 per ton), while the average price for exports to Portugal ($549 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 (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Spain
In 2022, supplies from abroad of buckwheat, millet and canary seed; other cerealses decreased by -13.2% to 250K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 582%. As a result, imports attained the peak of 458K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of buckwheat, millet and canary seed; other cerealses rose rapidly to $100M in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 214%. As a result, imports reached the peak of $111M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.7 | 8.5 | 10.9 | 34.7 | 65.2% |
| Poland | 0.2 | 48.9 | 55.9 | 23.6 | 390.5% |
| Lithuania | 1.0 | 29.2 | 2.4 | 12.4 | 131.5% |
| Canada | 6.5 | 6.8 | 8.1 | 10.5 | 17.3% |
| Portugal | 1.4 | 1.5 | 1.4 | 1.7 | 6.7% |
| Luxembourg | N/A | N/A | 1.3 | 1.4 | 7.7% |
| Others | 18.5 | 15.9 | 11.3 | 15.4 | -5.9% |
| Total | 35.3 | 111 | 91.3 | 99.6 | 41.3% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Spain in 2022:
- France (107.2K tons)
- Poland (75.4K tons)
- Lithuania (37.4K tons)
- Canada (10.8K tons)
- Luxembourg (4.4K tons)
- Portugal (3.8K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Spain
For the third consecutive year, Spain recorded decline in shipments abroad of buckwheat, millet and canary seed; other cerealses, which decreased by -24% to 14K tons in 2022. In general, exports recorded a sharp slump. The smallest decline of -20% was in 2021.
In value terms, exports of buckwheat, millet and canary seed; other cerealses reduced sharply to $13M in 2022. Overall, exports showed a drastic downturn. The smallest decline of -7.6% was in 2021.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.2 | 3.2 | 4.0 | 3.4 | -6.8% |
| Portugal | 2.7 | 3.4 | 2.8 | 2.5 | -2.5% |
| Italy | 2.5 | 2.3 | 2.1 | 1.8 | -10.4% |
| United States | 10.1 | 4.8 | 4.3 | 1.8 | -43.7% |
| Netherlands | 0.9 | 0.7 | 0.7 | 1.4 | 15.9% |
| Germany | 1.1 | 1.8 | 0.9 | 0.6 | -18.3% |
| Algeria | 0.1 | 0.3 | 0.5 | 0.2 | 26.0% |
| Others | 2.8 | 1.8 | 1.7 | 1.4 | -20.6% |
| Total | 24.3 | 18.3 | 17.0 | 13.1 | -18.6% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Spain in 2022:
- France (5.8K tons)
- Portugal (4.6K tons)
- Italy (1.2K tons)
- United States (0.9K tons)
- Netherlands (0.6K tons)
- Algeria (0.3K tons)
- Germany (0.3K tons)
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In January 2023, the price of buckwheat reached $1,390 per ton (CIF, Spain), representing a 9.2% increase compared to the previous month.
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In December 2022, the canary seed price was reported to be $987 per ton (CIF, Spain), showing a decrease of -4.9% compared to the previous month.
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In March 2023, the quinoa price stood at $1,936 per ton (FOB, Spain), reducing by -18.6% against the previous month.
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In May 2023, the price of triticale remained stable at $310 per ton (CIF, Spain), compared to the previous month.
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In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
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Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
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In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.
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In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of global production. According to e
