Cereals; Millet, Seed Price in Canada - 2023
Contents:
- Cereals; Millet, Seed Price in Canada (FOB) - 2022
- Cereals; Millet, Seed Price in Canada (CIF) - 2022
- Cereals; Millet, Seed Exports in Canada
- Cereals; Millet, Seed Imports in Canada
Cereals; Millet, Seed Price in Canada (FOB) - 2022
In 2022, the average cereals; millet, seed export price amounted to $578 per ton, jumping by 41% against the previous year. Overall, the export price, however, showed a mild reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 70% against the previous year. As a result, the export price attained the peak level of $1,153 per ton. From 2014 to 2022, the average 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 the United States ($1,035 per ton), while the average price for exports to Mexico ($339 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 Venezuela (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Cereals; Millet, Seed Price in Canada (CIF) - 2022
The average cereals; millet, seed import price stood at $2,459 per ton in 2022, waning by -12.4% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 46%. Over the period under review, average import prices attained the peak figure at $4,610 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 India ($4,835 per ton), while the price for China ($2,168 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-1.0%), while the prices for the other major suppliers experienced a decline.
Cereals; Millet, Seed Exports in Canada
In 2022, approx. 931 tons of cereals; millet, seeds were exported from Canada; declining by -73.3% compared with 2021 figures. Overall, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 when exports increased by 57% against the previous year.
In value terms, cereals; millet, seed exports dropped dramatically to $538K in 2022. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year.
| Export of Cereals; Millet, Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 175 | 254 | 246 | 321 | 22.4% |
| Mexico | N/A | N/A | 552 | 73.3 | -86.7% |
| Trinidad and Tobago | 28.6 | 42.9 | 3.4 | 68.5 | 33.8% |
| Mauritius | 34.1 | 48.9 | 279 | 35.2 | 1.1% |
| Costa Rica | N/A | N/A | 64.8 | 21.3 | -67.1% |
| Dominican Republic | N/A | 15.8 | 36.4 | 18.7 | 8.8% |
| Spain | 207 | N/A | N/A | N/A | 0% |
| Colombia | N/A | 85.4 | 110 | N/A | 28.8% |
| Jordan | 143 | 85.6 | N/A | N/A | -40.1% |
| Indonesia | 76.3 | N/A | N/A | N/A | 0% |
| Egypt | 606 | 50.7 | N/A | N/A | -91.6% |
| Australia | 119 | 133 | N/A | N/A | 11.8% |
| Brazil | 145 | N/A | 102 | N/A | -16.1% |
| Others | 427 | 332 | 35.0 | N/A | -71.4% |
| Total | 1,961 | 1,049 | 1,427 | 538 | -35.0% |
Top Export Markets for Cereals; Millet, Seed from Canada in 2022:
- United States (310.4 tons)
- Mexico (216.0 tons)
- Trinidad and Tobago (190.2 tons)
- Mauritius (100.1 tons)
- Costa Rica (61.2 tons)
- Dominican Republic (53.0 tons)
Cereals; Millet, Seed Imports in Canada
In 2022, approx. 234 tons of cereals; millet, seeds were imported into Canada; declining by -6.1% on 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of 249 tons, and then dropped in the following year.
In value terms, cereals; millet, seed imports declined dramatically to $574K in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year.
| Import of Cereals; Millet, Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 421 | 355 | 481 | 330 | -7.8% |
| Egypt | 80.5 | 46.8 | 138 | 148 | 22.5% |
| China | 69.0 | 53.8 | 73.1 | 51.4 | -9.3% |
| India | 3.2 | 0.7 | 6.2 | 41.7 | 135.3% |
| Others | 0.8 | 220 | N/A | 3.0 | 55.4% |
| Total | 574 | 676 | 698 | 574 | 0.0% |
Top Suppliers of Cereals; Millet, Seed to Canada in 2022:
- United States (144.6 tons)
- Egypt (55.9 tons)
- China (23.7 tons)
- India (8.6 tons)
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