Price for Cereals; Rye, Other than Seed in Canada - 2023
Contents:
- Price for Cereals; Rye, Other than Seed in Canada (FOB) - 2023
- Price for Cereals; Rye, Other than Seed in Canada (CIF) - 2022
- Exports of Cereals; Rye, Other than Seed in Canada
- Imports of Cereals; Rye, Other than Seed in Canada
Price for Cereals; Rye, Other than Seed in Canada (FOB) - 2023
In December 2023, the average export price for cereals; rye, other than seeds amounted to $314 per ton, declining by -8.5% against the previous month. Overall, the export price showed a mild decrease. The growth pace was the most rapid in October 2023 when the average export price increased by 24% m-o-m. The export price peaked at $366 per ton in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -1.2% per month.
Price for Cereals; Rye, Other than Seed in Canada (CIF) - 2022
The average import price for cereals; rye, other than seeds stood at $274 per ton in 2022, with a decrease of -15.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 74% against the previous year. Over the period under review, average import prices reached the peak figure at $407 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +6.9% per year.
Exports of Cereals; Rye, Other than Seed in Canada
In 2022, approx. 104K tons of cereals; rye, other than seeds were exported from Canada; jumping by 17% compared with the previous year's figure. The total export volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 34% against the previous year. As a result, the exports reached the peak of 108K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; rye, other than seed exports skyrocketed to $35M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Rye, Other than Seed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.8 | 26.1 | 23.5 | 34.1 | 17.9% |
| Japan | 0.2 | 0.3 | 0.5 | 0.8 | 58.7% |
| Others | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Total | 21.3 | 26.5 | 24.1 | 35.1 | 18.1% |
Top Export Markets for Cereals; Rye, Other than Seed from Canada in 2022:
- United States (101.6K tons)
- Japan (2.4K tons)
Imports of Cereals; Rye, Other than Seed in Canada
Cereals; rye, other than seed imports into Canada declined significantly to 46 tons in 2022, falling by -88.7% compared with 2021. In general, imports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 222% against the previous year. As a result, imports attained the peak of 409 tons, and then contracted sharply in the following year.
In value terms, cereals; rye, other than seed imports dropped dramatically to $13K in 2022. Overall, imports showed a precipitous curtailment. The growth pace was the most rapid in 2021 when imports increased by 233% against the previous year. As a result, imports attained the peak of $133K, and then shrank sharply in the following year.
| Import of Cereals; Rye, Other than Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 99.2 | 7.1 | 39.2 | 12.7 | -49.6% |
| Kenya | N/A | 32.0 | 93.6 | N/A | 192.5% |
| Others | N/A | 0.7 | N/A | N/A | 0% |
| Total | 99.2 | 39.9 | 133 | 12.7 | -49.6% |
Top Suppliers of Cereals; Rye, Other than Seed to Canada in 2022:
- United States (46.4 tons)
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