Cereals; Millet, Seed Price in Pakistan - 2023
Contents:
- Cereals; Millet, Seed Price in Pakistan (CIF) - 2022
- Cereals; Millet, Seed Price in Pakistan (FOB) - 2022
- Cereals; Millet, Seed Imports in Pakistan
- Cereals; Millet, Seed Exports in Pakistan
Cereals; Millet, Seed Price in Pakistan (CIF) - 2022
In 2022, the average cereals; millet, seed import price amounted to $206 per ton, declining by -42.8% against the previous year. Overall, the import price recorded a slight slump. The growth pace was the most rapid in 2019 an increase of 55%. As a result, import price reached the peak level of $486 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
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 ($545 per ton), while the price for Afghanistan ($76 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced a decline.
Cereals; Millet, Seed Price in Pakistan (FOB) - 2022
In 2022, the average cereals; millet, seed export price amounted to $137 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2013 an increase of 69%. As a result, the export price attained the peak level of $370 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($242 per ton), while the average price for exports to Afghanistan ($101 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 the United Arab Emirates (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Millet, Seed Imports in Pakistan
In 2022, cereals; millet, seed imports into Pakistan surged to 1.6K tons, picking up by 224% against 2021. Overall, imports, however, saw a precipitous slump.
In value terms, cereals; millet, seed imports surged to $332K in 2022. In general, imports, however, showed a sharp reduction.
| Import of Cereals; Millet, Seed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 1,508 | 58.2 | 34.0 | 227 | -46.8% |
| India | 2,994 | 84.3 | 124 | 95.4 | -68.3% |
| Iran | 13.4 | 0.4 | 6.4 | 4.9 | -28.5% |
| Afghanistan | 4.8 | 2.4 | 4.7 | 3.6 | -9.1% |
| Others | 25.8 | 0.3 | 10.5 | 0.4 | -75.1% |
| Total | 4,546 | 146 | 179 | 332 | -58.2% |
Top Suppliers of Cereals; Millet, Seed to Pakistan in 2022:
- Uzbekistan (1334.8 tons)
- India (175.0 tons)
- Iran (49.4 tons)
- Afghanistan (47.5 tons)
Cereals; Millet, Seed Exports in Pakistan
In 2022, after two years of decline, there was significant growth in shipments abroad of cereals; millet, seeds, when their volume increased by 26% to 187 tons. Over the period under review, exports, however, recorded a noticeable downturn.
In value terms, cereals; millet, seed exports surged to $26K in 2022. Overall, exports, however, faced a abrupt decline.
| Export of Cereals; Millet, Seed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 10.3 | 3.1 | 1.2 | 12.1 | 5.5% |
| Oman | 6.7 | 2.8 | 8.7 | 9.7 | 13.1% |
| South Africa | 0.5 | 0.8 | 2.7 | 3.8 | 96.6% |
| Kuwait | 5.4 | N/A | N/A | N/A | 0% |
| Malaysia | N/A | N/A | 3.2 | N/A | 0% |
| Qatar | 12.5 | 3.2 | N/A | N/A | -74.4% |
| Egypt | N/A | 5.1 | N/A | N/A | 0% |
| Saudi Arabia | N/A | 15.3 | N/A | N/A | 0% |
| Others | 3.0 | 0.8 | 4.4 | N/A | 21.1% |
| Total | 38.5 | 31.0 | 20.2 | 25.6 | -12.7% |
Top Export Markets for Cereals; Millet, Seed from Pakistan in 2022:
- Afghanistan (120.6 tons)
- Oman (50.5 tons)
- South Africa (15.7 tons)
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