Price for Buckwheat, Millet and Canary Seed; Other Cereals in Turkey - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Turkey (FOB) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Turkey (CIF) - 2023
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Turkey
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Turkey
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Turkey (FOB) - 2023
The average export price for buckwheat, millet and canary seed; other cerealses stood at $557 per ton in December 2023, picking up by 62% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Malta ($930 per ton), while the average price for exports to Azerbaijan ($159 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 Iran (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Turkey (CIF) - 2023
In December 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $308 per ton, falling by -21.2% against the previous month. In general, the import price saw a mild decrease. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 66% month-to-month. The import price peaked at $656 per ton in March 2023; however, from April 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($1,787 per ton), while the price for Iran ($153 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 Canada (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Turkey
For the fourth year in a row, Turkey recorded growth in overseas shipments of buckwheat, millet and canary seed; other cerealses, which increased by 39% to 27K tons in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 62%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of buckwheat, millet and canary seed; other cerealses soared to $9.8M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 2,219 | 3,481 | 3,536 | 4,733 | 28.7% |
| Libya | 187 | 82.1 | 73.9 | 936 | 71.1% |
| Syrian Arab Republic | N/A | N/A | N/A | 717 | 0% |
| Morocco | 74.7 | 13.1 | N/A | 518 | 90.7% |
| Israel | 18.1 | 6.8 | 14.9 | 343 | 166.6% |
| Algeria | 175 | 16.6 | N/A | 287 | 17.9% |
| Vietnam | N/A | N/A | N/A | 240 | 0% |
| Iran | 1,348 | 178 | N/A | 133 | -53.8% |
| Indonesia | N/A | 922 | 2,385 | 0.1 | -99.0% |
| Others | 601 | 712 | 1,128 | 1,867 | 45.9% |
| Total | 4,622 | 5,411 | 7,138 | 9,774 | 28.4% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Turkey in 2022:
- Iraq (16.1K tons)
- Libya (2.3K tons)
- Syrian Arab Republic (1.5K tons)
- Morocco (1.4K tons)
- Algeria (1.2K tons)
- Israel (1.1K tons)
- Vietnam (0.4K tons)
- Iran (0.1K tons)
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Turkey
In 2022, supplies from abroad of buckwheat, millet and canary seed; other cerealses decreased by -23.9% to 23K tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 58% against the previous year. As a result, imports reached the peak of 30K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of buckwheat, millet and canary seed; other cerealses rose significantly to $8.9M in 2022. The total import value increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 35%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.7 | 4.6 | 5.3 | 4.6 | 39.3% |
| Canada | 2.7 | 2.3 | 1.5 | 1.6 | -16.0% |
| Kazakhstan | 0.1 | 0.4 | 0.2 | 0.6 | 81.7% |
| Ukraine | 0.4 | 0.6 | 0.4 | 0.5 | 7.7% |
| Uzbekistan | 0.5 | 0.3 | N/A | 0.5 | 0.0% |
| Iran | N/A | N/A | N/A | 0.3 | 0% |
| Others | 1.0 | 0.6 | 0.9 | 0.8 | -7.2% |
| Total | 6.5 | 8.8 | 8.3 | 8.9 | 11.0% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Turkey in 2022:
- Russia (14.7K tons)
- Iran (2.0K tons)
- Kazakhstan (1.9K tons)
- Canada (1.8K tons)
- Ukraine (1.6K tons)
- Uzbekistan (0.5K tons)
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