Cereals; Barley, Seed Price in Singapore - 2022
Contents:
- Cereals; Barley, Seed Price in Singapore (CIF) - 2022
- Cereals; Barley, Seed Price in Singapore (FOB) - 2022
- Cereals; Barley, Seed Imports in Singapore
- Cereals; Barley, Seed Exports in Singapore
Cereals; Barley, Seed Price in Singapore (CIF) - 2022
The average cereals; barley, seed import price stood at $2,754 per ton in 2022, with an increase of 7.3% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; barley, seed import price decreased by -3.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 42%. Over the period under review, average import prices attained the maximum at $3,428 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($13,091 per ton), while the price for Malaysia ($991 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+31.0%), while the prices for the other major suppliers experienced a decline.
Cereals; Barley, Seed Price in Singapore (FOB) - 2022
The average cereals; barley, seed export price stood at $1,130 per ton in 2022, waning by -9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 34%. As a result, the export price attained the peak level of $1,678 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($2,133 per ton), while the average price for exports to Mauritius ($842 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 Nigeria (+37.1%), while the prices for the other major destinations experienced mixed trend patterns.
Cereals; Barley, Seed Imports in Singapore
In 2022, imports of cereals; barley, seeds into Singapore skyrocketed to 35 tons, with an increase of 17% compared with 2021 figures. Overall, imports, however, saw a noticeable decrease.
In value terms, cereals; barley, seed imports surged to $95K in 2022. In general, imports, however, continue to indicate a noticeable shrinkage.
| Import of Cereals; Barley, Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 83.8 | 86.0 | 49.4 | 70.3 | -5.7% |
| Netherlands | 6.7 | 6.9 | 6.8 | 7.1 | 2.0% |
| Malaysia | 2.2 | 3.8 | 5.2 | 5.5 | 35.7% |
| United States | 11.0 | 5.8 | 1.0 | 3.9 | -29.2% |
| Australia | 1.7 | 8.1 | 0.8 | 3.4 | 26.0% |
| Others | 3.7 | 4.0 | 12.2 | 4.7 | 8.3% |
| Total | 109 | 115 | 75.4 | 95.0 | -4.5% |
Top Suppliers of Cereals; Barley, Seed to Singapore in 2022:
- China (24.9 tons)
- Malaysia (5.6 tons)
- Australia (1.7 tons)
- United States (1.3 tons)
- Netherlands (0.5 tons)
Cereals; Barley, Seed Exports in Singapore
In 2022, cereals; barley, seed exports from Singapore was estimated at 8.8 tons, surging by 1.7% compared with the previous year. The total export volume increased at an average annual rate of +13.3% 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 2020 with an increase of 45%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, cereals; barley, seed exports contracted to $10K in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +74.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 60%.
| Export of Cereals; Barley, Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | 1.5 | 0.2 | 5.0 | 4.9 | 48.4% |
| Australia | 0.3 | 0.1 | 1.7 | 1.6 | 74.7% |
| Mauritius | 0.4 | 0.1 | 1.0 | 1.0 | 35.7% |
| France | 0.1 | N/A | 0.7 | 0.7 | 91.3% |
| Indonesia | N/A | N/A | 0.6 | 0.6 | 0.0% |
| United Kingdom | 0.3 | N/A | 0.6 | 0.5 | 18.6% |
| South Korea | 0.1 | N/A | 0.4 | 0.3 | 44.2% |
| Nigeria | 2.8 | 8.8 | N/A | N/A | 214.3% |
| Others | 0.2 | N/A | 0.9 | 0.4 | 26.0% |
| Total | 5.7 | 9.2 | 10.8 | 10.0 | 20.6% |
Top Export Markets for Cereals; Barley, Seed from Singapore in 2022:
- Brunei Darussalam (4.7 tons)
- Mauritius (1.1 tons)
- Australia (1.0 tons)
- France (0.8 tons)
- United Kingdom (0.4 tons)
- Indonesia (0.3 tons)
- South Korea (0.3 tons)
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