Price for Cereals; Millet, Other than Seed in Peru - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Peru (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Peru (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Peru
- Exports of Cereals; Millet, Other than Seed in Peru
Price for Cereals; Millet, Other than Seed in Peru (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $908 per ton in 2022, declining by -5.2% against the previous year. In general, the import price, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2021 an increase of 53%. As a result, import price attained the peak level of $958 per ton, and then contracted in the following year.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.2% per year.
Price for Cereals; Millet, Other than Seed in Peru (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $2,148 per ton, growing by 28% against the previous year. Over the period under review, the export price saw notable growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,300 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($3,671 per ton), while the average price for exports to Trinidad and Tobago ($1,184 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 Austria (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in Peru
In 2022, the amount of cereals; millet, other than seeds imported into Peru skyrocketed to 240 tons, with an increase of 67% on 2021 figures. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports surged to $218K in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 70% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Cereals; Millet, Other than Seed in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 34.3 | 75.2 | 89.4 | 218 | 85.2% |
| United States | 33.8 | 42.5 | 42.3 | N/A | 11.9% |
| Others | 2.3 | 2.2 | 6.2 | N/A | 64.2% |
| Total | 70.4 | 120 | 138 | 218 | 45.8% |
Top Suppliers of Cereals; Millet, Other than Seed to Peru in 2022:
- Canada (239.6 tons)
Exports of Cereals; Millet, Other than Seed in Peru
In 2022, after three years of growth, there was significant decline in shipments abroad of cereals; millet, other than seeds, when their volume decreased by -71% to 9.4 tons. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 105%. As a result, the exports attained the peak of 32 tons, and then contracted dramatically in the following year.
In value terms, cereals; millet, other than seed exports dropped markedly to $20K in 2022. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year.
| Export of Cereals; Millet, Other than Seed in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 11.1 | 18.7 | 16.8 | 12.4 | 3.8% |
| Trinidad and Tobago | 4.4 | 1.9 | 9.2 | 6.4 | 13.3% |
| Germany | 1.0 | 2.1 | 1.8 | 1.2 | 6.3% |
| Kuwait | 2.9 | 7.1 | N/A | N/A | 144.8% |
| Israel | N/A | N/A | 26.2 | N/A | 0% |
| Canada | 5.0 | 14.5 | N/A | N/A | 190.0% |
| Others | 0.1 | 0.7 | 0.5 | 0.1 | 0.0% |
| Total | 24.5 | 45.0 | 54.4 | 20.1 | -6.4% |
Top Export Markets for Cereals; Millet, Other than Seed from Peru in 2022:
- Trinidad and Tobago (5.4 tons)
- Austria (3.4 tons)
- Germany (0.5 tons)
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