Cereals; Millet Price in the United Arab Emirates - 2022
Contents:
- Cereals; Millet Price in the United Arab Emirates (CIF) - 2022
- Cereals; Millet Price in the United Arab Emirates (FOB) - 2022
- Cereals; Millet Imports in the United Arab Emirates
- Cereals; Millet Exports in the United Arab Emirates
Cereals; Millet Price in the United Arab Emirates (CIF) - 2022
In 2022, the average cereals; millet import price amounted to $260 per ton, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 a decrease of -0.2% against the previous year. The import price peaked at $266 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.2% per year.
Cereals; Millet Price in the United Arab Emirates (FOB) - 2022
In 2022, the average cereals; millet export price amounted to $39 per ton, waning by -27.7% against the previous year. Overall, the export price recorded a precipitous decrease. Over the period under review, the average export prices reached the peak figure at $1,095 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Congo.
From 2012 to 2022, the rate of growth in terms of prices for Congo amounted to -28.4% per year.
Cereals; Millet Imports in the United Arab Emirates
For the fourth consecutive year, the United Arab Emirates recorded growth in supplies from abroad of cereals; millets, which increased by 7% to 24K tons in 2022. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 7%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, cereals; millet imports rose remarkably to $6.1M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 6.7%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Cereals; Millet in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.1 | 5.4 | 5.8 | 6.1 | 6.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.1 | 5.4 | 5.8 | 6.1 | 6.1% |
Top Suppliers of Cereals; Millet to the United Arab Emirates in 2022:
- India (23.7K tons)
Cereals; Millet Exports in the United Arab Emirates
In 2022, approx. 223 tons of cereals; millets were exported from the United Arab Emirates; growing by 20% compared with the year before. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, cereals; millet exports fell to $8.7K in 2022. Over the period under review, exports, however, faced a abrupt descent.
| Export of Cereals; Millet in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Congo | 13.2 | 11.5 | 10.0 | 8.6 | -13.3% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 13.3 | 11.6 | 10.0 | 8.7 | -13.2% |
Top Export Markets for Cereals; Millet from the United Arab Emirates in 2022:
- Congo (222.7 tons)
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