Price for Cereals; Millet, Other than Seed in Portugal - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Portugal (CIF) - 2023
- Price for Cereals; Millet, Other than Seed in Portugal (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Portugal
- Exports of Cereals; Millet, Other than Seed in Portugal
Price for Cereals; Millet, Other than Seed in Portugal (CIF) - 2023
In October 2023, the average import price for cereals; millet, other than seeds amounted to $508 per ton, surging by 2.3% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 17% against the previous month. Over the period under review, average import prices hit record highs at $696 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Spain ($586 per ton), while the price for India ($414 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Millet, Other than Seed in Portugal (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $969 per ton, stabilizing at the previous year. Over the period under review, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $1,682 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($1,168 per ton), while the average price for exports to Spain totaled $934 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (-1.1%).
Imports of Cereals; Millet, Other than Seed in Portugal
In 2022, supplies from abroad of cereals; millet, other than seeds decreased by -14.3% to 4.2K tons, falling for the second year in a row after two years of growth. Overall, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, imports attained the peak of 5.1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereals; millet, other than seed imports reached $1.9M in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 31%. As a result, imports reached the peak of $2.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Millet, Other than Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 473 | 247 | 918 | 968 | 27.0% |
| Ukraine | 102 | 950 | 423 | 334 | 48.5% |
| Argentina | N/A | N/A | 60.1 | 167 | 177.9% |
| India | 137 | 358 | 84.6 | 134 | -0.7% |
| Netherlands | 165 | 217 | 46.7 | 118 | -10.6% |
| Spain | 21.5 | 49.1 | 95.9 | 68.0 | 46.8% |
| China | 251 | 61.2 | N/A | N/A | -75.6% |
| Canada | 290 | 135 | N/A | N/A | -53.4% |
| Others | 178 | 101 | 189 | 110 | -14.8% |
| Total | 1,617 | 2,119 | 1,818 | 1,899 | 5.5% |
Top Suppliers of Cereals; Millet, Other than Seed to Portugal in 2022:
- France (2727.8 tons)
- Ukraine (663.0 tons)
- Argentina (240.3 tons)
- Netherlands (213.8 tons)
- India (157.6 tons)
- Spain (79.8 tons)
Exports of Cereals; Millet, Other than Seed in Portugal
In 2022, the amount of cereals; millet, other than seeds exported from Portugal dropped significantly to 38 tons, shrinking by -55.6% on the year before. In general, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 270%. As a result, the exports reached the peak of 86 tons, and then dropped notably in the following year.
In value terms, cereals; millet, other than seed exports declined markedly to $37K in 2022. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 168% against the previous year. As a result, the exports reached the peak of $83K, and then contracted sharply in the following year.
| Export of Cereals; Millet, Other than Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 14.6 | 31.0 | 82.6 | 30.7 | 28.1% |
| Angola | N/A | N/A | 0.6 | 6.0 | 900.0% |
| Netherlands | 48.6 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.1 | 0.3 | 0.1 | -37.0% |
| Total | 63.6 | 31.1 | 83.5 | 36.8 | -16.7% |
Top Export Markets for Cereals; Millet, Other than Seed from Portugal in 2022:
- Spain (32.8 tons)
- Angola (5.1 tons)
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