Cereals; Millet Price in China - 2022
Contents:
- Cereals; Millet Price in China (FOB) - 2022
- Cereals; Millet Price in China (CIF) - 2022
- Cereals; Millet Exports in China
- Cereals; Millet Imports in China
Cereals; Millet Price in China (FOB) - 2022
The average cereals; millet export price stood at $781 per ton in 2022, rising by 3.3% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet export price increased by +56.5% against 2015 indices. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($2,144 per ton), while the average price for exports to Sri Lanka amounted to $167 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+15.6%).
Cereals; Millet Price in China (CIF) - 2022
The average cereals; millet import price stood at $174 per ton in 2022, declining by -12.4% against the previous year. Overall, the import price saw a abrupt shrinkage. Over the period under review, average import prices attained the maximum at $657 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -7.3% per year.
Cereals; Millet Exports in China
In 2022, cereals; millet exports from China rose modestly to 121 tons, surging by 2% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 3.9% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; millet exports expanded sharply to $95K in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Millet in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 70.1 | 73.0 | 75.7 | 73.7 | 1.7% |
| Sri Lanka | 10.1 | 11.7 | 13.4 | 14.5 | 12.8% |
| Others | 0.9 | 0.8 | 0.9 | 6.6 | 94.3% |
| Total | 81.2 | 85.5 | 90.0 | 94.8 | 5.3% |
Top Export Markets for Cereals; Millet from China in 2022:
- Sri Lanka (86.7 tons)
- Philippines (34.4 tons)
Cereals; Millet Imports in China
In 2022, the amount of cereals; millets imported into China stood at 53 tons, approximately equating the year before. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 1.3% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, cereals; millet imports reduced to $9.3K in 2022. Overall, imports, however, continue to indicate a deep contraction.
| Import of Cereals; Millet in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 13.3 | 11.8 | 10.5 | 9.3 | -11.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.3 | 11.8 | 10.5 | 9.3 | -11.2% |
Top Suppliers of Cereals; Millet to China in 2022:
- Taiwan (Chinese) (53.2 tons)
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