Price for Cereals; Millet, Other than Seed in New Zealand - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in New Zealand (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in New Zealand (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in New Zealand
- Exports of Cereals; Millet, Other than Seed in New Zealand
Price for Cereals; Millet, Other than Seed in New Zealand (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $1,069 per ton in 2022, jumping by 24% against the previous year. In general, the import price saw a temperate expansion. The growth pace was the most rapid in 2016 when the average import price increased by 38%. The import price peaked at $1,319 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,204 per ton), while the price for India ($807 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in New Zealand (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $4,893 per ton, growing by 24% against the previous year. Overall, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 203% against the previous year. The export price peaked at $8,125 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Macao SAR ($7,323 per ton), while the average price for exports to Fiji ($3,667 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 Macao SAR (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Millet, Other than Seed in New Zealand
In 2022, after three years of growth, there was significant decline in supplies from abroad of cereals; millet, other than seeds, when their volume decreased by -33.9% to 643 tons. Over the period under review, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year.
In value terms, cereals; millet, other than seed imports contracted sharply to $687K in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports attained the peak of $837K, and then fell rapidly in the following year.
| Import of Cereals; Millet, Other than Seed in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.3 | 0.6 | 246 | 337 | 537.6% |
| China | 145 | 114 | 174 | 204 | 12.1% |
| India | 190 | 313 | 321 | 111 | -16.4% |
| United States | 217 | 229 | 28.7 | 35.8 | -45.2% |
| Ukraine | N/A | N/A | 62.8 | N/A | 0% |
| Others | 0.3 | 1.7 | 3.9 | N/A | 260.6% |
| Total | 554 | 659 | 837 | 687 | 7.4% |
Top Suppliers of Cereals; Millet, Other than Seed to New Zealand in 2022:
- Australia (373.6 tons)
- India (137.1 tons)
- China (92.4 tons)
- United States (39.6 tons)
Exports of Cereals; Millet, Other than Seed in New Zealand
In 2022, approx. 253 kg of cereals; millet, other than seeds were exported from New Zealand; growing by 224% against 2021 figures. Overall, exports continue to indicate a measured expansion.
In value terms, cereals; millet, other than seed exports surged to $1.2K in 2022. In general, exports, however, recorded a deep contraction.
| Export of Cereals; Millet, Other than Seed in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| French Polynesia | 24.0 | N/A | 64.0 | 671 | 203.5% |
| Macao SAR | 1,836 | 591 | 195 | 476 | -36.2% |
| Fiji | N/A | 45.0 | 49.0 | 55.0 | 10.6% |
| Vanuatu | N/A | N/A | N/A | 36.0 | 0% |
| Hong Kong SAR | N/A | 2,237 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,860 | 2,873 | 308 | 1,238 | -12.7% |
Top Export Markets for Cereals; Millet, Other than Seed from New Zealand in 2022:
- French Polynesia (168.0 kg)
- Macao SAR (65.0 kg)
- Fiji (15.0 kg)
- Vanuatu (5.0 kg)
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