Price for Cereals; Millet, Other than Seed in Italy - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Italy (CIF) - 2023
- Price for Cereals; Millet, Other than Seed in Italy (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Italy
- Exports of Cereals; Millet, Other than Seed in Italy
Price for Cereals; Millet, Other than Seed in Italy (CIF) - 2023
In October 2023, the average import price for cereals; millet, other than seeds amounted to $426 per ton, reducing by -7.8% against the previous month. Overall, the import price showed a perceptible contraction. The pace of growth was the most pronounced in December 2022 when the average import price increased by 11% month-to-month. The import price peaked at $679 per ton in June 2023; however, from July 2023 to October 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From October 2022 to October 2023, the rate of growth in terms of prices for Ukraine amounted to -1.0% per month.
Price for Cereals; Millet, Other than Seed in Italy (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $1,496 per ton, growing by 15% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, other than seed export price decreased by -5.2% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the maximum at $2,366 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
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 Greece ($2,490 per ton), while the average price for exports to Belgium ($792 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 Switzerland (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Millet, Other than Seed in Italy
In 2022, supplies from abroad of cereals; millet, other than seeds decreased by -22.1% to 9K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a noticeable decline. The pace of growth was the most pronounced in 2020 when imports increased by 16%.
In value terms, cereals; millet, other than seed imports declined slightly to $5.6M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 18% against the previous year.
| Import of Cereals; Millet, Other than Seed in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 910 | 2,195 | 1,646 | 1,640 | 21.7% |
| France | 1,226 | 577 | 876 | 1,135 | -2.5% |
| China | 310 | 269 | 526 | 681 | 30.0% |
| Poland | 345 | 752 | 540 | 525 | 15.0% |
| Austria | 380 | 223 | 639 | 524 | 11.3% |
| Argentina | 55.1 | 384 | 97.5 | 141 | 36.8% |
| India | 210 | 197 | 186 | 101 | -21.7% |
| Czech Republic | 11.9 | 13.7 | 35.7 | 60.4 | 71.9% |
| Hungary | 307 | 38.0 | 9.4 | 43.1 | -48.0% |
| Others | 862 | 805 | 1,151 | 750 | -4.5% |
| Total | 4,616 | 5,453 | 5,706 | 5,601 | 6.7% |
Top Suppliers of Cereals; Millet, Other than Seed to Italy in 2022:
- Ukraine (3483.7 tons)
- France (2851.8 tons)
- Austria (849.0 tons)
- Poland (756.0 tons)
- China (235.9 tons)
- Argentina (187.6 tons)
- Czech Republic (168.1 tons)
- India (94.9 tons)
- Hungary (90.9 tons)
Exports of Cereals; Millet, Other than Seed in Italy
In 2022, the amount of cereals; millet, other than seeds exported from Italy contracted sharply to 437 tons, shrinking by -47.3% against the year before. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 92%. As a result, the exports reached the peak of 830 tons, and then fell significantly in the following year.
In value terms, cereals; millet, other than seed exports fell significantly to $654K in 2022. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 59%. As a result, the exports attained the peak of $1.1M, and then shrank sharply in the following year.
| Export of Cereals; Millet, Other than Seed in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 422 | 77.8 | 265 | 310 | -9.8% |
| France | 204 | 218 | 386 | 140 | -11.8% |
| Belgium | 3.0 | 1.5 | 0.1 | 47.9 | 151.8% |
| Greece | 0.9 | 1.8 | 9.5 | 31.9 | 228.5% |
| Switzerland | N/A | N/A | N/A | 18.7 | 0% |
| Germany | 118 | 291 | 4.3 | 10.5 | -55.4% |
| Spain | 38.8 | 25.2 | 12.5 | 9.1 | -38.3% |
| Austria | 15.1 | 0.1 | 309 | 0.2 | -76.3% |
| India | 7.7 | N/A | N/A | N/A | 0% |
| Others | 68.1 | 65.9 | 96.9 | 86.1 | 8.1% |
| Total | 878 | 681 | 1,083 | 654 | -9.4% |
Top Export Markets for Cereals; Millet, Other than Seed from Italy in 2022:
- Hungary (174.5 tons)
- France (135.7 tons)
- Belgium (60.5 tons)
- Switzerland (13.4 tons)
- Greece (12.8 tons)
- Spain (9.2 tons)
- Germany (6.1 tons)
- Austria (0.1 tons)
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