Price for Buckwheat, Millet and Canary Seed; Other Cereals in Portugal - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Portugal (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Portugal (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Portugal
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Portugal
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Portugal (CIF) - 2023
In October 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $319 per ton, with a decrease of -53.4% against the previous month. Overall, the import price recorded a slight contraction. The growth pace was the most rapid in November 2022 an increase of 86% against the previous month. The import price peaked at $959 per ton in February 2023; however, from March 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($811 per ton), while the price for Poland ($252 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Portugal (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $1,129 per ton in 2022, increasing by 22% against the previous year. Overall, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2018 an increase of 175% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($4,177 per ton), while the average price for exports to Cabo Verde ($725 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 Spain (+11.4%), while the prices for the other major destinations experienced a decline.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Portugal
After three years of growth, overseas purchases of buckwheat, millet and canary seed; other cerealses decreased by -45.7% to 25K tons in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 125%.
In value terms, imports of buckwheat, millet and canary seed; other cerealses declined markedly to $14M in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 98% against the previous year.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.1 | 2.5 | 2.1 | 3.2 | 15.1% |
| Poland | N/A | 5.0 | 5.4 | 2.8 | -25.2% |
| Spain | 1.6 | 2.1 | 2.7 | 2.7 | 19.1% |
| France | 0.8 | 0.7 | 1.3 | 1.7 | 28.6% |
| Luxembourg | N/A | N/A | N/A | 1.3 | 0% |
| Netherlands | 0.6 | 0.7 | 0.6 | 0.5 | -5.9% |
| Ukraine | 0.1 | 1.0 | 0.4 | 0.3 | 44.2% |
| Sweden | N/A | N/A | 3.6 | N/A | 0% |
| Others | 1.3 | 1.0 | 0.6 | 1.1 | -5.4% |
| Total | 6.6 | 13.0 | 16.6 | 13.6 | 27.3% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Portugal in 2022:
- Poland (8.3K tons)
- Luxembourg (3.8K tons)
- France (3.7K tons)
- Spain (3.7K tons)
- Canada (3.5K tons)
- Ukraine (0.7K tons)
- Netherlands (0.4K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Portugal
In 2022, shipments abroad of buckwheat, millet and canary seed; other cerealses decreased by -40.4% to 470 tons, falling for the second year in a row after two years of growth. In general, exports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2020 when exports increased by 89% against the previous year. As a result, the exports attained the peak of 826 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of buckwheat, millet and canary seed; other cerealses fell markedly to $531K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 49.8 | 206 | 321 | 284 | 78.7% |
| Cabo Verde | 4.5 | 50.8 | 118 | 139 | 213.8% |
| Angola | 7.9 | 10.4 | 28.8 | 34.8 | 63.9% |
| Morocco | 0.2 | 1.4 | 3.9 | 30.5 | 434.3% |
| Cyprus | 82.8 | 267 | 207 | 14.8 | -43.7% |
| United Arab Emirates | 238 | N/A | N/A | N/A | 0% |
| Others | 31.0 | 29.7 | 53.1 | 27.5 | -3.9% |
| Total | 415 | 565 | 731 | 531 | 8.6% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Portugal in 2022:
- Spain (231.7 tons)
- Cabo Verde (191.9 tons)
- Angola (12.6 tons)
- Cyprus (11.8 tons)
- Morocco (7.3 tons)
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