Cereals; Millet, Seed Price in Vietnam - 2022
Contents:
Cereals; Millet, Seed Price in Vietnam (CIF) - 2022
The average cereals; millet, seed import price stood at $543 per ton in 2022, dropping by -5.4% against the previous year. Over the period under review, the import price, however, continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 104%. As a result, import price attained the peak level of $982 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.7% per year.
Cereals; Millet, Seed Imports in Vietnam
After two years of decline, overseas purchases of cereals; millet, seeds increased by 36% to 33 tons in 2022. In general, imports, however, continue to indicate a deep downturn.
In value terms, cereals; millet, seed imports skyrocketed to $18K in 2022. Over the period under review, imports, however, recorded a deep setback.
| Import of Cereals; Millet, Seed in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.8 | 21.8 | 9.4 | 17.8 | -15.8% |
| India | N/A | N/A | 4.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 29.8 | 21.8 | 13.8 | 17.8 | -15.8% |
Top Suppliers of Cereals; Millet, Seed to Vietnam in 2022:
- United States (32.8 tons)
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