Cereals; Millet, Seed Price in the UK - 2023
Contents:
- Cereals; Millet, Seed Price in the UK (CIF) - 2023
- Cereals; Millet, Seed Price in the UK (FOB) - 2022
- Cereals; Millet, Seed Imports in the UK
- Cereals; Millet, Seed Exports in the UK
Cereals; Millet, Seed Price in the UK (CIF) - 2023
The average cereals; millet, seed import price stood at $870 per ton in May 2023, rising by 20% against the previous month. Overall, the import price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in December 2022 an increase of 67% against the previous month. Over the period under review, average import prices hit record highs at $1,315 per ton in August 2022; however, from September 2022 to May 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Sudan ($2,840 per ton), while the price for India ($585 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Price in the UK (FOB) - 2022
In 2022, the average cereals; millet, seed export price amounted to $1,921 per ton, picking up by 3.3% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, seed export price increased by +46.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 57% against the previous year. As a result, the export price attained the peak level of $2,277 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,158 per ton), while the average price for exports to Ireland ($1,574 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 Greece (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Millet, Seed Imports in the UK
In 2022, overseas purchases of cereals; millet, seeds decreased by -29.7% to 2.4K tons, falling for the second consecutive year after two years of growth. In general, imports faced a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 54%. As a result, imports attained the peak of 10K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; millet, seed imports reduced to $2.1M in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 68%. As a result, imports attained the peak of $5.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereals; Millet, Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 438 | 653 | 676 | 589 | 10.4% |
| Ukraine | 30.1 | 812 | 280 | 505 | 156.0% |
| China | 162 | 182 | 252 | 463 | 41.9% |
| United States | 883 | 1,918 | 61.2 | 404 | -22.9% |
| Canada | 189 | 18.6 | 19.1 | 27.5 | -47.4% |
| Russia | N/A | 241 | N/A | N/A | 0% |
| France | 1,323 | 658 | 56.0 | N/A | -79.4% |
| Poland | 131 | 919 | 604 | N/A | 114.7% |
| Others | 208 | 262 | 344 | 90.7 | -24.2% |
| Total | 3,364 | 5,662 | 2,292 | 2,080 | -14.8% |
Top Suppliers of Cereals; Millet, Seed to the UK in 2022:
- Ukraine (1003.5 tons)
- India (822.0 tons)
- United States (282.4 tons)
- China (176.4 tons)
- Canada (22.0 tons)
Cereals; Millet, Seed Exports in the UK
In 2022, approx. 47 tons of cereals; millet, seeds were exported from the UK; jumping by 125% compared with the year before. Overall, exports posted a resilient expansion.
In value terms, cereals; millet, seed exports skyrocketed to $91K in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 162%. As a result, the exports attained the peak of $98K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereals; Millet, Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 5.8 | 9.0 | N/A | 48.0 | 102.3% |
| Germany | 4.6 | 9.2 | 23.7 | 23.7 | 72.7% |
| France | 22.7 | 70.7 | 6.1 | 13.6 | -15.7% |
| United States | N/A | N/A | 4.1 | 3.1 | -24.4% |
| Greece | 2.3 | 3.3 | N/A | 2.5 | 2.8% |
| Jordan | N/A | 1.6 | 3.2 | N/A | 100.0% |
| Others | 1.8 | 3.8 | 1.9 | N/A | 2.7% |
| Total | 37.3 | 97.6 | 39.1 | 91.0 | 34.6% |
Top Export Markets for Cereals; Millet, Seed from the UK in 2022:
- Ireland (30.5 tons)
- Germany (10.9 tons)
- France (4.3 tons)
- Greece (1.0 tons)
- United States (0.7 tons)
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