Cereals; Millet, Seed Price in Brazil - 2023
Contents:
- Cereals; Millet, Seed Price in Brazil (FOB) - 2022
- Cereals; Millet, Seed Price in Brazil (CIF) - 2022
- Cereals; Millet, Seed Exports in Brazil
- Cereals; Millet, Seed Imports in Brazil
Cereals; Millet, Seed Price in Brazil (FOB) - 2022
The average cereals; millet, seed export price stood at $2,665 per ton in 2022, jumping by 20% against the previous year. In general, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 26%. Over the period under review, the average export prices attained the peak figure at $3,018 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($3,192 per ton), while the average price for exports to Argentina ($2,000 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 South Africa (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Millet, Seed Price in Brazil (CIF) - 2022
The average cereals; millet, seed import price stood at $18,518 per ton in 2022, with an increase of 968% against the previous year. Over the period under review, the import price saw a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Bolivia.
From 2014 to 2022, the rate of growth in terms of prices for the United States amounted to -3.5% per year.
Cereals; Millet, Seed Exports in Brazil
In 2022, approx. 124 tons of cereals; millet, seeds were exported from Brazil; rising by 85% on the previous year's figure. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 539%.
In value terms, cereals; millet, seed exports surged to $330K in 2022. Over the period under review, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 592% against the previous year.
| Export of Cereals; Millet, Seed in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.0 | 3.9 | 17.5 | 123 | 244.8% |
| Paraguay | 0.4 | 0.1 | 0.5 | 85.4 | 497.7% |
| Argentina | 0.9 | 10.9 | 96.7 | 70.0 | 326.9% |
| France | 0.9 | 0.1 | 0.5 | 51.7 | 285.8% |
| South Africa | 409 | 6.0 | 1.9 | N/A | -93.2% |
| Others | 21.9 | 0.5 | 32.0 | N/A | 20.9% |
| Total | 437 | 21.6 | 149 | 330 | -8.9% |
Top Export Markets for Cereals; Millet, Seed from Brazil in 2022:
- Japan (42.0 tons)
- Argentina (35.0 tons)
- Paraguay (26.8 tons)
- France (20.0 tons)
Cereals; Millet, Seed Imports in Brazil
In 2022, imports of cereals; millet, seeds into Brazil surged to 32 tons, growing by 288% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a deep reduction.
In value terms, cereals; millet, seed imports surged to $599K in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Seed in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 58.2 | 87.0 | 1.1 | 599 | 117.5% |
| Canada | 57.5 | 59.7 | 8.3 | N/A | -62.0% |
| United States | 31.8 | 33.8 | 5.0 | N/A | -60.3% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 148 | 180 | 14.4 | 599 | 59.4% |
Top Suppliers of Cereals; Millet, Seed to Brazil in 2022:
- Bolivia (32.4 tons)
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