Price for Cereals; Millet, Other than Seed in Ireland - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Ireland (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Ireland (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Ireland
- Exports of Cereals; Millet, Other than Seed in Ireland
Price for Cereals; Millet, Other than Seed in Ireland (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $1,081 per ton, declining by -28.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 73%. As a result, import price attained the peak level of $1,720 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 UK ($1,608 per ton), while the price for the Netherlands ($982 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Ireland (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $2,931 per ton, rising by 47% against the previous year. Over the period under review, the export price posted a significant increase. The growth pace was the most rapid in 2021 when the average export price increased by 99% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($6,053 per ton), while the average price for exports to the Netherlands ($2,647 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+30.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Millet, Other than Seed in Ireland
For the fourth consecutive year, Ireland recorded growth in purchases abroad of cereals; millet, other than seeds, which increased by 48% to 88 tons in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports rose notably to $95K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cereals; Millet, Other than Seed in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 21.7 | 19.6 | 63.0 | 68.1 | 46.4% |
| Germany | 6.5 | 7.3 | 10.9 | 12.9 | 25.7% |
| United Kingdom | 3.3 | 37.3 | 1.3 | 4.6 | 11.7% |
| China | 7.2 | N/A | 4.7 | 4.6 | -13.9% |
| Poland | 14.2 | 7.6 | 4.0 | 2.8 | -41.8% |
| India | 0.8 | 1.6 | 0.6 | 2.3 | 42.2% |
| Others | N/A | N/A | 5.3 | 0.2 | -96.2% |
| Total | 53.8 | 73.4 | 89.7 | 95.4 | 21.0% |
Top Suppliers of Cereals; Millet, Other than Seed to Ireland in 2022:
- Netherlands (69.3 tons)
- Germany (9.3 tons)
- China (3.2 tons)
- United Kingdom (2.9 tons)
- Poland (1.8 tons)
- India (1.6 tons)
Exports of Cereals; Millet, Other than Seed in Ireland
In 2022, after two years of growth, there was significant decline in overseas shipments of cereals; millet, other than seeds, when their volume decreased by -31.2% to 592 kg. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 86,000%. As a result, the exports reached the peak of 861 kg, and then reduced dramatically in the following year.
In value terms, cereals; millet, other than seed exports stood at $1.7K in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 171,300% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Cereals; Millet, Other than Seed in Ireland (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | 1.0 | 1,509 | 1,358 | 3585.1% | |
| Malta | N/A | 205 | 230 | 12.2% | |
| United Kingdom | N/A | N/A | 147 | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1.0 | 1,714 | 1,735 | 4065.3% | |
Top Export Markets for Cereals; Millet, Other than Seed from Ireland in 2022:
- Netherlands (513.0 kg)
- United Kingdom (41.0 kg)
- Malta (38.0 kg)
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