Price for Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam - 2022
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam (CIF) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam (CIF) - 2022
In December 2022, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $614 per ton, declining by -1.6% against the previous month. In general, the import price saw a noticeable contraction. The growth pace was the most rapid in October 2022 when the average import price increased by 13% m-o-m. The import price peaked at $918 per ton in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Russia ($606 per ton) and Ukraine ($606 per ton), while the price for China ($606 per ton) and Turkey ($606 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam (FOB) - 2022
In December 2022, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $469 per ton, waning by -67.3% against the previous month. Over the period under review, the export price recorded a deep contraction. The pace of growth appeared the most rapid in August 2022 an increase of 164% against the previous month. The export price peaked at $1,858 per ton in December 2021; however, from January 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Australia ($1,432 per ton), while the average price for exports to Taiwan (Chinese) ($402 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam
In 2022, approx. 3.3K tons of buckwheat, millet and canary seed; other cerealses were imported into Vietnam; picking up by 5.2% on 2021 figures. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 7.5% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of buckwheat, millet and canary seed; other cerealses rose notably to $2.3M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,613 | 903 | 928 | 680 | -25.0% |
| Ukraine | 146 | 336 | 442 | 581 | 58.5% |
| Russia | 55.4 | 196 | 200 | 464 | 103.1% |
| Peru | 78.4 | 140 | 171 | 115 | 13.6% |
| Turkey | N/A | N/A | N/A | 87.5 | 0% |
| Canada | N/A | N/A | N/A | 84.6 | 0% |
| India | N/A | 7.2 | 101 | 80.0 | 233.3% |
| Others | 179 | 166 | 190 | 180 | 0.2% |
| Total | 2,072 | 1,747 | 2,030 | 2,272 | 3.1% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Vietnam in 2022:
- China (1081.3 tons)
- Ukraine (939.0 tons)
- Russia (764.8 tons)
- Turkey (144.4 tons)
- Canada (82.2 tons)
- India (54.2 tons)
- Peru (49.6 tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam
Exports of buckwheat, millet and canary seed; other cerealses from Vietnam skyrocketed to 1.2K tons in 2022, with an increase of 38% against 2021. Over the period under review, exports recorded pronounced growth. The pace of growth was the most pronounced in 2021 when exports increased by 50%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of buckwheat, millet and canary seed; other cerealses rose sharply to $632K in 2022. In general, exports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 401 | 171 | 192 | 265 | -12.9% |
| Japan | 61.3 | 57.3 | 38.2 | 133 | 29.5% |
| United States | 53.5 | 81.8 | 114 | 107 | 26.0% |
| Australia | 4.8 | 24.3 | 11.3 | 35.0 | 93.9% |
| Germany | N/A | 2.3 | 147 | 31.6 | 270.7% |
| Hong Kong SAR | N/A | 18.7 | 22.7 | 26.0 | 17.9% |
| New Zealand | N/A | N/A | N/A | 11.8 | 0% |
| China | 116 | N/A | N/A | N/A | 0% |
| Others | 23.9 | N/A | 39.0 | 22.8 | -1.6% |
| Total | 660 | 356 | 564 | 632 | -1.4% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Vietnam in 2022:
- Taiwan (Chinese) (658.9 tons)
- Japan (312.3 tons)
- United States (78.5 tons)
- Australia (24.4 tons)
- New Zealand (23.4 tons)
- Germany (22.1 tons)
- Hong Kong SAR (18.1 tons)
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