Price for Cereals; Millet, Other than Seed in South Africa - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in South Africa (CIF) - 2023
- Price for Cereals; Millet, Other than Seed in South Africa (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in South Africa
- Exports of Cereals; Millet, Other than Seed in South Africa
Price for Cereals; Millet, Other than Seed in South Africa (CIF) - 2023
The average import price for cereals; millet, other than seeds stood at $377 per ton in December 2023, increasing by 8.4% against the previous month. Over the period under review, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in July 2023 an increase of 79% against the previous month. The import price peaked at $519 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($1,542 per ton), while the price for India ($352 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Russia (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in South Africa (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $1,036 per ton, which is down by -8.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 139% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,112 per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 Swaziland ($2,705 per ton), while the average price for exports to Canada ($460 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 Italy (+6.6%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Millet, Other than Seed in South Africa
After three years of growth, overseas purchases of cereals; millet, other than seeds decreased by -3.7% to 3.7K tons in 2022. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year.
In value terms, cereals; millet, other than seed imports surged to $1.6M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 142 | 341 | N/A | 452 | 47.1% |
| India | 382 | 202 | 56.8 | 403 | 1.8% |
| Ukraine | 225 | 608 | 820 | 268 | 6.0% |
| Romania | N/A | N/A | N/A | 195 | 0% |
| Zimbabwe | 67.0 | N/A | 23.6 | 174 | 37.5% |
| Botswana | N/A | N/A | N/A | 44.5 | 0% |
| Latvia | N/A | N/A | N/A | 31.9 | 0% |
| China | 244 | 8.8 | 6.9 | 2.6 | -78.0% |
| Brazil | 182 | N/A | N/A | N/A | 0% |
| Others | 75.0 | 61.9 | 136 | 42.4 | -17.3% |
| Total | 1,317 | 1,222 | 1,043 | 1,613 | 7.0% |
Top Suppliers of Cereals; Millet, Other than Seed to South Africa in 2022:
- Russia (1097.5 tons)
- Zimbabwe (747.0 tons)
- Ukraine (677.4 tons)
- India (483.7 tons)
- Romania (393.1 tons)
- Botswana (179.0 tons)
- Latvia (64.8 tons)
- China (2.7 tons)
Exports of Cereals; Millet, Other than Seed in South Africa
In 2022, overseas shipments of cereals; millet, other than seeds decreased by -33.9% to 328 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, the exports attained the peak of 514 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; millet, other than seed exports shrank markedly to $339K in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 63% against the previous year. As a result, the exports reached the peak of $562K, and then dropped markedly in the following year.
| Export of Cereals; Millet, Other than Seed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | N/A | N/A | N/A | 106 | 0% |
| Italy | 93.6 | 23.9 | 58.2 | 95.2 | 0.6% |
| Namibia | 130 | 112 | 122 | 55.1 | -24.9% |
| Greece | N/A | N/A | N/A | 31.7 | 0% |
| Canada | 86.2 | 143 | 81.0 | 22.1 | -36.5% |
| Swaziland | 9.5 | 32.0 | 28.4 | 19.3 | 26.7% |
| Angola | N/A | 32.1 | 0.2 | 3.1 | -68.9% |
| Uganda | N/A | N/A | 268 | N/A | 0% |
| Others | 12.3 | 1.5 | 3.8 | 6.8 | -17.9% |
| Total | 332 | 344 | 562 | 339 | 0.7% |
Top Export Markets for Cereals; Millet, Other than Seed from South Africa in 2022:
- Nigeria (95.2 tons)
- Namibia (84.2 tons)
- Italy (62.9 tons)
- Canada (48.0 tons)
- Greece (20.2 tons)
- Swaziland (7.1 tons)
- Angola (3.8 tons)
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