Price for Cereals; Millet, Other than Seed in Indonesia - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Indonesia (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Indonesia (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Indonesia
- Exports of Cereals; Millet, Other than Seed in Indonesia
Price for Cereals; Millet, Other than Seed in Indonesia (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $568 per ton in March 2022, rising by 12% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in July 2021 an increase of 16% m-o-m. As a result, import price reached the peak level of $595 per ton. From August 2021 to March 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Canada ($1,173 per ton), while the price for Russia ($369 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Indonesia (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $615 per ton in 2022, rising by 26% against the previous year. Overall, the export price posted a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2013 to 2022, the rate of growth in terms of prices for Malaysia amounted to +10.7% per year.
Imports of Cereals; Millet, Other than Seed in Indonesia
Cereals; millet, other than seed imports into Indonesia contracted slightly to 75K tons in 2022, with a decrease of -3.9% against the previous year. Over the period under review, imports recorded a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3.1% against the previous year. As a result, imports attained the peak of 78K tons, and then contracted slightly in the following year.
In value terms, cereals; millet, other than seed imports rose rapidly to $40M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Cereals; Millet, Other than Seed in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.5 | 29.5 | 20.0 | 20.8 | -12.9% |
| Russia | 0.1 | 0.1 | 6.7 | 12.1 | 394.6% |
| Ukraine | 0.6 | 2.9 | 7.1 | 5.3 | 106.7% |
| Canada | 0.4 | 0.5 | 1.7 | 1.1 | 40.1% |
| China | 1.1 | 0.8 | 1.8 | 0.9 | -6.5% |
| Others | 0.3 | 0.4 | 0.6 | 0.2 | -12.6% |
| Total | 34.0 | 34.2 | 37.8 | 40.3 | 5.8% |
Top Suppliers of Cereals; Millet, Other than Seed to Indonesia in 2022:
- United States (32.2K tons)
- Russia (27.3K tons)
- Ukraine (13.0K tons)
- Canada (1.0K tons)
- China (1.0K tons)
Exports of Cereals; Millet, Other than Seed in Indonesia
In 2022, cereals; millet, other than seed exports from Indonesia declined notably to 902 kg, which is down by -45% against 2021. Over the period under review, exports saw a sharp descent.
In value terms, cereals; millet, other than seed exports reduced sharply to $555 in 2022. Overall, exports faced a sharp slump.
| Export of Cereals; Millet, Other than Seed in Indonesia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Malaysia | N/A | 553 | 0% | ||
| Nepal | 803 | N/A | 0% | ||
| Others | N/A | 2.0 | 0% | ||
| Total | 803 | 555 | -30.9% | ||
Top Export Markets for Cereals; Millet, Other than Seed from Indonesia in 2022:
- Malaysia (900.0 kg)
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