Price for Cereals; Millet, Other than Seed in Argentina - 2023

Contents:

  1. Price for Cereals; Millet, Other than Seed in Argentina (FOB) - 2022
  2. Price for Cereals; Millet, Other than Seed in Argentina (CIF) - 2022
  3. Exports of Cereals; Millet, Other than Seed in Argentina
  4. Imports of Cereals; Millet, Other than Seed in Argentina

Price for Cereals; Millet, Other than Seed in Argentina (FOB) - 2022

In 2022, the average export price for cereals; millet, other than seeds amounted to $377 per ton, picking up by 10% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $533 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($488 per ton), while the average price for exports to Brazil ($355 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 Belgium (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Cereals; Millet, Other than Seed in Argentina (CIF) - 2022

In 2021, the average import price for cereals; millet, other than seeds amounted to $361 per ton, standing approx. at the previous year. Over the period under review, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 44%. As a result, import price reached the peak level of $985 per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($362 per ton), while the price for Taiwan (Chinese) totaled $335 per ton.

From 2018 to 2021, the most notable rate of growth in terms of prices was attained by India (+44.4%).

Exports of Cereals; Millet, Other than Seed in Argentina

In 2022, overseas shipments of cereals; millet, other than seeds decreased by -20% to 6.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 145%.

In value terms, cereals; millet, other than seed exports declined to $2.3M in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 114%. As a result, the exports reached the peak of $2.6M, and then declined in the following year.

Export of Cereals; Millet, Other than Seed in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil75.82331,1081,606176.7%
Chile34.473.9159381122.9%
Belgium82.553.394.030755.0%
United States96.2137185N/A38.7%
Netherlands46.111475.9N/A28.3%
Others327603981N/A73.2%
Total6631,2142,6032,29551.3%

Top Export Markets for Cereals; Millet, Other than Seed from Argentina in 2022:

  1. Brazil (4.5K tons)
  2. Belgium (0.8K tons)
  3. Chile (0.8K tons)

Imports of Cereals; Millet, Other than Seed in Argentina

In 2021, approx. 51 tons of cereals; millet, other than seeds were imported into Argentina; almost unchanged from 2020. In general, imports enjoyed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, cereals; millet, other than seed imports amounted to $19K in 2021. Overall, imports saw significant growth. The smallest decline of 99.9% was in 2020. Imports peaked in 2021 and are expected to retain growth in the near future.

Import of Cereals; Millet, Other than Seed in Argentina (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
BrazilN/AN/A17.90%
Taiwan (Chinese)N/AN/A0.70%
India6.2N/AN/A0%
OthersN/AN/AN/A0%
Total6.2N/A18.673.2%

Top Suppliers of Cereals; Millet, Other than Seed to Argentina in 2022:

  1. Brazil (49.5 tons)
  2. Taiwan (Chinese) (2.0 tons)

Source: IndexBox Market Intelligence Platform

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