Cereals; Millet, Seed Price in Japan - 2023
Contents:
Cereals; Millet, Seed Price in Japan (CIF) - 2022
In 2022, the average cereals; millet, seed import price amounted to $3,270 per ton, reducing by -13.1% against the previous year. Overall, the import price, however, saw a modest increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 109%. Over the period under review, average import prices reached the peak figure at $3,813 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($3,525 per ton), while the price for India ($1,712 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Imports in Japan
In 2022, overseas purchases of cereals; millet, seeds decreased by -1.4% to 272 tons, falling for the second year in a row after two years of growth. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 148% against the previous year. As a result, imports reached the peak of 382 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereals; millet, seed imports reduced to $890K in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 139%. As a result, imports reached the peak of $1.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Millet, Seed in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 257 | 784 | 701 | 490 | 24.0% |
| Australia | 205 | 312 | 268 | 309 | 14.7% |
| Brazil | 4.0 | N/A | 20.4 | 74.0 | 164.5% |
| India | 18.3 | 27.7 | 4.9 | 12.0 | -13.1% |
| United States | 55.7 | 30.8 | 33.0 | 4.2 | -57.8% |
| Philippines | 48.3 | 253 | 11.7 | N/A | -50.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 588 | 1,408 | 1,039 | 890 | 14.8% |
Top Suppliers of Cereals; Millet, Seed to Japan in 2022:
- Thailand (140.0 tons)
- Australia (102.0 tons)
- Brazil (21.0 tons)
- India (7.0 tons)
- United States (2.0 tons)
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