Price for Cereals; Millet, Other than Seed in Germany - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Germany (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Germany (FOB) - 2023
- Imports of Cereals; Millet, Other than Seed in Germany
- Exports of Cereals; Millet, Other than Seed in Germany
Price for Cereals; Millet, Other than Seed in Germany (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $585 per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,529 per ton), while the price for Ukraine ($382 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Germany (FOB) - 2023
The average export price for cereals; millet, other than seeds stood at $3,965 per ton in October 2023, picking up by 237% against the previous month. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 564% against the previous month. As a result, the export price reached the peak level of $5,014 per ton. From August 2023 to October 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($5,635 per ton), while the average price for exports to South Korea ($2,921 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 (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in Germany
In 2022, approx. 28K tons of cereals; millet, other than seeds were imported into Germany; picking up by 2.4% against the previous year's figure. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, cereals; millet, other than seed imports stood at $16M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 5.6% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Cereals; Millet, Other than Seed in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 2.7 | 3.7 | 3.3 | 3.5 | 9.0% |
| Poland | 2.0 | 2.6 | 2.5 | 2.9 | 13.2% |
| China | 1.5 | 1.7 | 2.9 | 2.9 | 24.6% |
| Ukraine | 2.8 | 1.7 | 2.4 | 2.7 | -1.2% |
| Netherlands | 0.8 | 2.1 | 2.0 | 1.4 | 20.5% |
| France | 2.6 | 0.5 | 0.9 | 1.3 | -20.6% |
| Czech Republic | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Russia | 0.4 | 0.6 | 0.1 | 0.2 | -20.6% |
| Others | 1.5 | 2.1 | 1.6 | 1.1 | -9.8% |
| Total | 14.4 | 15.2 | 15.8 | 16.2 | 4.0% |
Top Suppliers of Cereals; Millet, Other than Seed to Germany in 2022:
- Austria (7.7K tons)
- Ukraine (7.2K tons)
- Poland (4.8K tons)
- Netherlands (3.0K tons)
- France (2.2K tons)
- China (0.8K tons)
- Czech Republic (0.5K tons)
- Russia (0.4K tons)
Exports of Cereals; Millet, Other than Seed in Germany
In 2022, overseas shipments of cereals; millet, other than seeds were finally on the rise to reach 3.5K tons after two years of decline. Overall, exports, however, saw a deep reduction.
In value terms, cereals; millet, other than seed exports soared to $3.5M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern.
| Export of Cereals; Millet, Other than Seed in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 925 | 783 | 167 | 1,410 | 15.1% |
| Austria | 304 | 309 | 368 | 251 | -6.2% |
| Netherlands | 668 | 643 | 613 | 231 | -29.8% |
| Poland | 376 | 194 | 268 | 224 | -15.9% |
| Hungary | 96.8 | 37.6 | 12.4 | 220 | 31.5% |
| Spain | 65.7 | 103 | 110 | 198 | 44.4% |
| Denmark | 326 | 169 | 198 | 149 | -23.0% |
| Czech Republic | 174 | 128 | 134 | 69.7 | -26.3% |
| Switzerland | 84.0 | 85.1 | 78.0 | 63.6 | -8.9% |
| United States | 120 | 142 | 121 | 37.2 | -32.3% |
| Others | 349 | 656 | 623 | 621 | 21.2% |
| Total | 3,489 | 3,250 | 2,692 | 3,474 | -0.1% |
Top Export Markets for Cereals; Millet, Other than Seed from Germany in 2022:
- Belgium (2481.8 tons)
- Netherlands (161.0 tons)
- Hungary (158.5 tons)
- Denmark (127.2 tons)
- Austria (103.1 tons)
- Switzerland (79.1 tons)
- Spain (68.5 tons)
- Poland (41.3 tons)
- United States (22.6 tons)
- Czech Republic (18.4 tons)
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