Price for Cereals; Millet, Other than Seed in Belgium - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Belgium (CIF) - 2023
- Price for Cereals; Millet, Other than Seed in Belgium (FOB) - 2023
- Imports of Cereals; Millet, Other than Seed in Belgium
- Exports of Cereals; Millet, Other than Seed in Belgium
Price for Cereals; Millet, Other than Seed in Belgium (CIF) - 2023
In October 2023, the average import price for cereals; millet, other than seeds amounted to $432 per ton, shrinking by -24.8% against the previous month. Over the period under review, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 11% m-o-m. The import price peaked at $754 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($1,771 per ton), while the price for Ukraine ($215 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 Germany (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Belgium (FOB) - 2023
The average export price for cereals; millet, other than seeds stood at $1,521 per ton in October 2023, which is down by -56% against the previous month. Overall, the export price saw a abrupt decrease. The growth pace was the most rapid in April 2023 an increase of 158% m-o-m. Over the period under review, the average export prices reached the maximum at $3,881 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Canada ($6,748 per ton), while the average price for exports to the UK ($595 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in Belgium
After three years of growth, overseas purchases of cereals; millet, other than seeds decreased by -21.9% to 22K tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year.
In value terms, cereals; millet, other than seed imports expanded slightly to $14M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 9.2%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.9 | 3.2 | 3.9 | 4.1 | 12.2% |
| Netherlands | 2.5 | 2.3 | 1.7 | 2.2 | -4.2% |
| Germany | 1.9 | 1.2 | 2.0 | 2.0 | 1.7% |
| Ukraine | 1.0 | 2.8 | 2.2 | 1.2 | 6.3% |
| Argentina | 0.5 | 0.6 | 1.0 | 1.0 | 26.0% |
| Russia | N/A | 0.4 | 0.3 | 0.8 | 41.4% |
| Poland | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
| India | 0.4 | 0.5 | 0.3 | 0.4 | 0.0% |
| United States | 0.8 | 0.2 | 0.1 | 0.1 | -50.0% |
| Others | 0.9 | 1.0 | 1.7 | 1.2 | 10.1% |
| Total | 11.3 | 12.3 | 13.4 | 13.6 | 6.4% |
Top Suppliers of Cereals; Millet, Other than Seed to Belgium in 2022:
- France (7.3K tons)
- Germany (3.7K tons)
- Ukraine (2.9K tons)
- Netherlands (2.7K tons)
- Russia (1.6K tons)
- Argentina (1.4K tons)
- Poland (0.9K tons)
- India (0.6K tons)
- United States (0.1K tons)
Exports of Cereals; Millet, Other than Seed in Belgium
In 2022, overseas shipments of cereals; millet, other than seeds decreased by -40.7% to 1K tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 58% against the previous year. As a result, the exports reached the peak of 2K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; millet, other than seed exports contracted to $2.6M in 2022. The total export value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 35% against the previous year.
| Export of Cereals; Millet, Other than Seed in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 524 | 774 | 1,186 | 920 | 20.6% |
| France | 651 | 884 | 659 | 541 | -6.0% |
| Germany | 146 | 213 | 256 | 202 | 11.4% |
| Canada | 78.9 | 121 | 143 | 152 | 24.4% |
| Denmark | 82.3 | 81.5 | 71.3 | 120 | 13.4% |
| United Kingdom | 120 | 134 | 77.7 | 63.0 | -19.3% |
| Hungary | 44.8 | 89.1 | 111 | 60.0 | 10.2% |
| Portugal | 64.9 | 65.0 | 73.0 | 50.7 | -7.9% |
| India | 10.6 | 18.6 | 12.4 | 33.0 | 46.0% |
| Brunei Darussalam | 2.3 | 5.7 | 5.6 | 21.5 | 110.7% |
| Bangladesh | 58.8 | 18.5 | 17.0 | 2.3 | -66.1% |
| Others | 252 | 339 | 393 | 424 | 18.9% |
| Total | 2,035 | 2,743 | 3,005 | 2,589 | 8.4% |
Top Export Markets for Cereals; Millet, Other than Seed from Belgium in 2022:
- Netherlands (422.6 tons)
- France (176.8 tons)
- Germany (81.1 tons)
- India (44.9 tons)
- Denmark (42.0 tons)
- Brunei Darussalam (29.8 tons)
- Hungary (29.6 tons)
- Canada (27.5 tons)
- United Kingdom (25.1 tons)
- Portugal (17.3 tons)
- Bangladesh (2.0 tons)
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