Price for Cereals; Rye, Other than Seed in Vietnam - 2022

Contents:

  1. Price for Cereals; Rye, Other than Seed in Vietnam (CIF) - 2022
  2. Imports of Cereals; Rye, Other than Seed in Vietnam

Price for Cereals; Rye, Other than Seed in Vietnam (CIF) - 2022

In 2022, the average import price for cereals; rye, other than seeds amounted to $324 per ton, surging by 46% against the previous year. Over the period under review, the import price recorded a slight expansion. The pace of growth appeared the most rapid in 2020 an increase of 128% against the previous year. As a result, import price attained the peak level of $700 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.7% per year.

Imports of Cereals; Rye, Other than Seed in Vietnam

In 2022, purchases abroad of cereals; rye, other than seeds decreased by -48.8% to 1.9 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a sharp decline. The pace of growth was the most pronounced in 2020 when imports increased by 3.8%. As a result, imports attained the peak of 5.7 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cereals; rye, other than seed imports reduced notably to $619 in 2022. In general, imports saw a precipitous decline. The growth pace was the most rapid in 2020 when imports increased by 137%. As a result, imports reached the peak of $4K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cereals; Rye, Other than Seed in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/AN/A0.60%
ItalyN/A1.7N/AN/A0%
United States1.70.70.8N/A-31.4%
OthersN/A1.7N/AN/A0%
Total1.74.00.80.6-29.3%

Top Suppliers of Cereals; Rye, Other than Seed to Vietnam in 2022:

  1. India (1.9 tons)

Source: IndexBox Market Intelligence Platform

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