Price for Cereals; Millet, Other than Seed in Australia - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Australia (FOB) - 2022
- Price for Cereals; Millet, Other than Seed in Australia (CIF) - 2022
- Exports of Cereals; Millet, Other than Seed in Australia
- Imports of Cereals; Millet, Other than Seed in Australia
Price for Cereals; Millet, Other than Seed in Australia (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $705 per ton, which is down by -14.1% against the previous year. Over the period under review, the export price, however, saw moderate growth. The growth pace was the most rapid in 2014 when the average export price increased by 59%. Over the period under review, the average export prices reached the maximum at $1,397 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($898 per ton), while the average price for exports to South Korea ($586 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 (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Australia (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $1,943 per ton in 2022, rising by 48% against the previous year. In general, the import price posted mild growth. The most prominent rate of growth was recorded in 2021 an increase of 50% against the previous year. Over the period under review, average import prices hit record highs at $2,092 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,996 per ton), while the price for India amounted to $1,769 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced a decline.
Exports of Cereals; Millet, Other than Seed in Australia
Cereals; millet, other than seed exports from Australia surged to 2.4K tons in 2022, growing by 63% compared with the year before. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 12,393% against the previous year. As a result, the exports attained the peak of 2.7K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; millet, other than seed exports soared to $1.7M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 5,162%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Cereals; Millet, Other than Seed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 4.6 | 283 | 240 | 840 | 467.3% |
| New Zealand | 22.0 | 59.5 | 377 | 415 | 166.2% |
| South Korea | N/A | 50.0 | 122 | 236 | 117.3% |
| Belgium | N/A | 310 | N/A | 79.8 | -49.3% |
| Japan | N/A | 143 | 156 | 70.1 | -30.0% |
| Taiwan (Chinese) | N/A | 51.6 | 5.6 | 27.5 | -27.0% |
| Indonesia | N/A | 611 | N/A | N/A | 0% |
| Philippines | N/A | N/A | 251 | N/A | 0% |
| Others | 3.1 | 56.9 | 49.5 | 9.2 | 43.7% |
| Total | 29.7 | 1,565 | 1,201 | 1,678 | 283.7% |
Top Export Markets for Cereals; Millet, Other than Seed from Australia in 2022:
- Thailand (1318.5 tons)
- New Zealand (462.0 tons)
- South Korea (402.8 tons)
- Belgium (91.7 tons)
- Japan (86.2 tons)
- Taiwan (Chinese) (15.0 tons)
Imports of Cereals; Millet, Other than Seed in Australia
In 2022, supplies from abroad of cereals; millet, other than seeds decreased by -24% to 300 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a precipitous setback. The pace of growth appeared the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereals; millet, other than seed imports totaled $583K in 2022. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. As a result, imports reached the peak of $896K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cereals; Millet, Other than Seed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 247 | 522 | 299 | 456 | 22.7% |
| India | 83.2 | 51.4 | 120 | 125 | 14.5% |
| Russia | 91.6 | 254 | N/A | N/A | 177.3% |
| United States | 89.9 | 53.4 | N/A | N/A | -40.6% |
| Ukraine | 105 | N/A | 66.6 | N/A | -20.4% |
| Canada | 132 | N/A | N/A | N/A | 0% |
| Others | N/A | 15.3 | 30.9 | 2.1 | -63.0% |
| Total | 749 | 896 | 517 | 583 | -8.0% |
Top Suppliers of Cereals; Millet, Other than Seed to Australia in 2022:
- China (228.5 tons)
- India (70.5 tons)
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