Price for Cereals; Millet, Other than Seed in the United States - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in the United States (FOB) - 2023
- Price for Cereals; Millet, Other than Seed in the United States (CIF) - 2022
- Exports of Cereals; Millet, Other than Seed in the United States
- Imports of Cereals; Millet, Other than Seed in the United States
Price for Cereals; Millet, Other than Seed in the United States (FOB) - 2023
The average export price for cereals; millet, other than seeds stood at $454 per ton in December 2023, reducing by -12.1% against the previous month. Over the period under review, the export price showed a mild reduction. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 21% m-o-m. As a result, the export price reached the peak level of $634 per ton. From February 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Mexico ($620 per ton), while the average price for exports to Indonesia ($371 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Millet, Other than Seed in the United States (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $1,168 per ton in 2022, growing by 82% against the previous year. Overall, the import price saw a pronounced expansion. The most prominent rate of growth was recorded in 2014 an increase of 94%. The import price peaked at $1,999 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 France ($3,863 per ton), while the price for Turkey ($653 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Haiti (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Millet, Other than Seed in the United States
In 2022, shipments abroad of cereals; millet, other than seeds increased by 36% to 43K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a sharp shrinkage.
In value terms, cereals; millet, other than seed exports soared to $25M in 2022. Overall, exports, however, faced a abrupt shrinkage.
| Export of Cereals; Millet, Other than Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 24.4 | 20.1 | 12.5 | 13.9 | -17.1% |
| Canada | 6.0 | 5.8 | 3.4 | 5.6 | -2.3% |
| Philippines | 0.3 | 0.3 | 0.1 | 1.7 | 78.3% |
| Mexico | 0.8 | 1.0 | 2.4 | 1.5 | 23.3% |
| Malaysia | 0.8 | 1.1 | 0.7 | 0.7 | -4.4% |
| South Korea | 1.1 | 0.8 | 0.3 | 0.6 | -18.3% |
| Thailand | 1.0 | 0.6 | 0.1 | 0.1 | -53.6% |
| Others | 7.5 | 3.5 | 1.5 | 1.5 | -41.5% |
| Total | 41.9 | 33.2 | 21.0 | 25.5 | -15.3% |
Top Export Markets for Cereals; Millet, Other than Seed from the United States in 2022:
- Indonesia (22.8K tons)
- Canada (10.2K tons)
- Philippines (2.9K tons)
- Mexico (2.4K tons)
- Malaysia (1.3K tons)
- South Korea (0.7K tons)
- Thailand (0.1K tons)
Imports of Cereals; Millet, Other than Seed in the United States
In 2022, after three years of growth, there was significant decline in purchases abroad of cereals; millet, other than seeds, when their volume decreased by -80.4% to 1.8K tons. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 376%. As a result, imports attained the peak of 9.3K tons, and then dropped rapidly in the following year.
In value terms, cereals; millet, other than seed imports declined dramatically to $2.1M in 2022. Over the period under review, imports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 193%. As a result, imports attained the peak of $6M, and then contracted markedly in the following year.
| Import of Cereals; Millet, Other than Seed in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 408 | 748 | 652 | 706 | 20.1% |
| Canada | 5.7 | 475 | 2,812 | 532 | 353.6% |
| France | 175 | 143 | 119 | 274 | 16.1% |
| India | 707 | 109 | 532 | 212 | -33.1% |
| Russia | 61.7 | 94.3 | 40.5 | 96.8 | 16.2% |
| South Africa | 205 | 138 | 45.5 | 70.6 | -29.9% |
| Ghana | 92.4 | 77.9 | 59.7 | 50.3 | -18.3% |
| Haiti | 168 | 75.5 | 18.4 | 50.1 | -33.2% |
| Germany | 123 | 112 | 71.1 | 33.4 | -35.2% |
| Argentina | 15.0 | 14.3 | 884 | 32.6 | 29.5% |
| Turkey | N/A | N/A | 622 | 13.1 | -97.9% |
| Others | 19.9 | 53.9 | 125 | 56.3 | 41.4% |
| Total | 1,981 | 2,041 | 5,982 | 2,127 | 2.4% |
Top Suppliers of Cereals; Millet, Other than Seed to the United States in 2022:
- Canada (773.6 tons)
- China (519.7 tons)
- India (123.9 tons)
- France (71.0 tons)
- Russia (61.8 tons)
- South Africa (58.8 tons)
- Haiti (54.8 tons)
- Argentina (42.0 tons)
- Ghana (30.1 tons)
- Germany (22.1 tons)
- Turkey (20.0 tons)
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