Cereals; Millet, Seed Price in Ireland - 2023
Contents:
Cereals; Millet, Seed Price in Ireland (CIF) - 2022
The average cereals; millet, seed import price stood at $1,433 per ton in 2022, with an increase of 14% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, seed import price increased by +60.4% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 29%. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 ($1,797 per ton), while the price for Germany ($872 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Imports in Ireland
In 2022, supplies from abroad of cereals; millet, seeds decreased by -47% to 43 tons, falling for the second year in a row after two years of growth. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 133%. As a result, imports reached the peak of 161 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereals; millet, seed imports dropped dramatically to $62K in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 108%. As a result, imports reached the peak of $157K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereals; Millet, Seed in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 18.5 | 90.8 | 81.9 | 34.8 | 23.4% |
| United Kingdom | 57.1 | 65.1 | 11.4 | 23.0 | -26.1% |
| India | N/A | 0.5 | 1.8 | 2.8 | 136.6% |
| Germany | N/A | N/A | N/A | 0.7 | 0% |
| Others | N/A | 0.7 | 7.4 | 0.9 | 13.4% |
| Total | 75.6 | 157 | 102 | 62.1 | -6.3% |
Top Suppliers of Cereals; Millet, Seed to Ireland in 2022:
- Ukraine (22.9 tons)
- United Kingdom (17.4 tons)
- India (1.8 tons)
- Germany (0.8 tons)
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