Price for Cereals; Millet, Other than Seed in Pakistan - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Pakistan (FOB) - 2022
- Price for Cereals; Millet, Other than Seed in Pakistan (CIF) - 2022
- Exports of Cereals; Millet, Other than Seed in Pakistan
- Imports of Cereals; Millet, Other than Seed in Pakistan
Price for Cereals; Millet, Other than Seed in Pakistan (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $188 per ton in 2022, increasing by 30% against the previous year. Overall, the export price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2017 when the average export price increased by 64%. As a result, the export price reached the peak level of $317 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($242 per ton), while the average price for exports to Afghanistan ($156 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Millet, Other than Seed in Pakistan (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $258 per ton, surging by 54% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 import price increased by +58.2% against 2020 indices. The import price peaked at $336 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($272 per ton), while the price for Afghanistan totaled $189 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Millet, Other than Seed in Pakistan
In 2022, the amount of cereals; millet, other than seeds exported from Pakistan surged to 2.3K tons, with an increase of 299% compared with the year before. In general, exports, however, continue to indicate a abrupt contraction.
In value terms, cereals; millet, other than seed exports soared to $439K in 2022. Over the period under review, exports, however, continue to indicate a dramatic decrease.
| Export of Cereals; Millet, Other than Seed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 644 | 772 | N/A | 248 | -27.2% |
| Oman | 11.0 | 74.2 | N/A | 74.0 | 88.8% |
| Qatar | 18.9 | 23.2 | N/A | 48.1 | 36.5% |
| Afghanistan | 379 | 182 | 61.9 | 47.8 | -49.9% |
| Bahrain | 25.9 | 51.8 | N/A | 19.8 | -8.6% |
| Kuwait | N/A | 106 | N/A | N/A | 0% |
| Uzbekistan | N/A | 28.4 | 6.8 | N/A | -76.1% |
| Saudi Arabia | N/A | 143 | N/A | N/A | 0% |
| Others | N/A | 28.0 | 16.2 | 2.2 | -72.0% |
| Total | 1,079 | 1,408 | 84.8 | 439 | -25.9% |
Top Export Markets for Cereals; Millet, Other than Seed from Pakistan in 2022:
- United Arab Emirates (1318.0 tons)
- Oman (399.0 tons)
- Afghanistan (306.0 tons)
- Qatar (199.0 tons)
- Bahrain (100.0 tons)
Imports of Cereals; Millet, Other than Seed in Pakistan
After three years of growth, purchases abroad of cereals; millet, other than seeds decreased by -83.6% to 188 tons in 2022. Over the period under review, imports, however, continue to indicate a moderate increase. The growth pace was the most rapid in 2020 when imports increased by 198%.
In value terms, cereals; millet, other than seed imports declined dramatically to $48K in 2022. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 132% against the previous year. As a result, imports attained the peak of $191K, and then fell notably in the following year.
| Import of Cereals; Millet, Other than Seed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 13.7 | N/A | N/A | 42.4 | 45.7% |
| Afghanistan | N/A | N/A | 156 | 6.1 | -96.1% |
| China | 0.7 | N/A | 16.7 | N/A | 388.4% |
| United Arab Emirates | 38.5 | 2.9 | N/A | N/A | -92.5% |
| Iran | N/A | 42.5 | 18.6 | N/A | -56.2% |
| Ukraine | N/A | 37.1 | N/A | N/A | 0% |
| Others | 4.2 | N/A | N/A | N/A | 0% |
| Total | 57.1 | 82.4 | 191 | 48.4 | -5.4% |
Top Suppliers of Cereals; Millet, Other than Seed to Pakistan in 2022:
- Russia (156.0 tons)
- Afghanistan (32.0 tons)
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