Price for Cereals; Millet, Other than Seed in Chile - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Chile (CIF) - 2022
- Imports of Cereals; Millet, Other than Seed in Chile
Price for Cereals; Millet, Other than Seed in Chile (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $682 per ton, surging by 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($827 per ton), while the price for India ($657 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in Chile
Cereals; millet, other than seed imports into Chile soared to 806 tons in 2022, rising by 41% on 2021. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.4% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, cereals; millet, other than seed imports skyrocketed to $550K in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 190 | 272 | 259 | 528 | 40.6% |
| Canada | 21.3 | 12.3 | 1.5 | 17.4 | -6.5% |
| India | 41.3 | 41.5 | 38.8 | 2.6 | -60.2% |
| Others | 13.0 | 11.9 | 15.4 | 1.3 | -53.6% |
| Total | 266 | 338 | 315 | 550 | 27.4% |
Top Suppliers of Cereals; Millet, Other than Seed to Chile in 2022:
- Argentina (780.7 tons)
- Canada (21.0 tons)
- India (4.0 tons)
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