Price for Cereals; Millet, Other than Seed in Canada - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Canada (CIF) - 2023
- Price for Cereals; Millet, Other than Seed in Canada (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Canada
- Exports of Cereals; Millet, Other than Seed in Canada
Price for Cereals; Millet, Other than Seed in Canada (CIF) - 2023
In December 2023, the average import price for cereals; millet, other than seeds amounted to $779 per ton, which is down by -20.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average import price increased by 20% m-o-m. The import price peaked at $980 per ton in November 2023, and then declined rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($1,962 per ton), while the price for the United States ($528 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 India (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Canada (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $393 per ton in 2022, which is down by -9.9% against the previous year. In general, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. As a result, the export price attained the peak level of $722 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($695 per ton), while the average price for exports to Spain ($345 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 the United States (+1.4%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Millet, Other than Seed in Canada
In 2022, purchases abroad of cereals; millet, other than seeds decreased by -37.6% to 13K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports reached the peak of 21K tons, and then dropped markedly in the following year.
In value terms, cereals; millet, other than seed imports shrank sharply to $8.8M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, imports reached the peak of $13M, and then reduced remarkably in the following year.
| Import of Cereals; Millet, Other than Seed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.9 | 5.6 | 3.3 | 5.5 | -2.3% |
| China | 0.9 | 1.3 | 0.9 | 1.2 | 10.1% |
| Ukraine | N/A | 1.0 | 6.1 | 1.1 | 4.9% |
| India | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
| Others | 0.3 | 0.7 | 2.1 | 0.6 | 26.0% |
| Total | 7.4 | 9.0 | 12.8 | 8.8 | 5.9% |
Top Suppliers of Cereals; Millet, Other than Seed to Canada in 2022:
- United States (10.1K tons)
- Ukraine (1.6K tons)
- China (0.6K tons)
- India (0.5K tons)
Exports of Cereals; Millet, Other than Seed in Canada
Cereals; millet, other than seed exports from Canada contracted notably to 7K tons in 2022, shrinking by -47.7% against the previous year. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of 211% against the previous year. As a result, the exports attained the peak of 13K tons, and then dropped markedly in the following year.
In value terms, cereals; millet, other than seed exports contracted dramatically to $2.7M in 2022. In general, exports, however, saw prominent growth. The growth pace was the most rapid in 2021 when exports increased by 202%. As a result, the exports reached the peak of $5.8M, and then declined rapidly in the following year.
| Export of Cereals; Millet, Other than Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.7 | 468 | 2,822 | 538 | 355.3% |
| Jordan | 13.0 | 105 | 37.1 | 438 | 223.0% |
| Brazil | 56.8 | 77.3 | 160 | 252 | 64.3% |
| Colombia | 73.9 | 135 | 318 | 249 | 49.9% |
| Guatemala | N/A | N/A | N/A | 170 | 0% |
| Mauritius | 119 | 72.5 | 236 | 142 | 6.1% |
| Costa Rica | 84.0 | 64.2 | 18.8 | 114 | 10.7% |
| Dominican Republic | 11.7 | 27.8 | 63.5 | 89.8 | 97.3% |
| United States Minor Outlying Islands | N/A | N/A | 22.1 | 79.7 | 260.6% |
| Peru | N/A | 95.2 | 119 | 73.0 | -12.4% |
| Spain | 39.3 | 26.6 | N/A | 67.0 | 19.5% |
| Guyana | 17.2 | N/A | 7.6 | 66.0 | 56.6% |
| Panama | 32.3 | 64.1 | 70.7 | 63.8 | 25.5% |
| Others | 1,852 | 792 | 1,954 | 408 | -39.6% |
| Total | 2,304 | 1,927 | 5,830 | 2,749 | 6.1% |
Top Export Markets for Cereals; Millet, Other than Seed from Canada in 2022:
- Jordan (1266.5 tons)
- United States (773.6 tons)
- Colombia (719.8 tons)
- Brazil (658.2 tons)
- Guatemala (485.1 tons)
- Mauritius (407.5 tons)
- Costa Rica (329.7 tons)
- Dominican Republic (258.5 tons)
- United States Minor Outlying Islands (227.2 tons)
- Peru (205.3 tons)
- Spain (194.1 tons)
- Panama (181.4 tons)
- Guyana (181.4 tons)
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