Price for Cereals; Millet, Other than Seed in Singapore - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Singapore (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Singapore (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Singapore
- Exports of Cereals; Millet, Other than Seed in Singapore
Price for Cereals; Millet, Other than Seed in Singapore (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $1,280 per ton in 2022, picking up by 4% against the previous year. In general, the import price continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 101% against the previous year. As a result, import price reached the peak level of $2,134 per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 China ($1,341 per ton), while the price for the United States ($744 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Millet, Other than Seed in Singapore (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $5,046 per ton in 2022, rising by 98% against the previous year. In general, the export price posted a tangible expansion. The export price peaked at $5,437 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($5,411 per ton), while the average price for exports to Indonesia amounted to $2,220 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+59.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Millet, Other than Seed in Singapore
In 2022, purchases abroad of cereals; millet, other than seeds decreased by -11% to 184 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. As a result, imports attained the peak of 206 tons, and then reduced in the following year.
In value terms, cereals; millet, other than seed imports fell to $235K in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 68%. As a result, imports reached the peak of $254K, and then contracted in the following year.
| Import of Cereals; Millet, Other than Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.3 | 26.7 | 95.1 | 121 | 43.1% |
| India | 44.4 | 95.2 | 122 | 92.4 | 27.7% |
| United States | 15.0 | 16.8 | 19.4 | 14.8 | -0.4% |
| Others | 13.3 | 12.7 | 17.7 | 6.6 | -20.8% |
| Total | 114 | 151 | 254 | 235 | 27.3% |
Top Suppliers of Cereals; Millet, Other than Seed to Singapore in 2022:
- China (90.4 tons)
- India (70.3 tons)
- United States (19.9 tons)
Exports of Cereals; Millet, Other than Seed in Singapore
In 2022, shipments abroad of cereals; millet, other than seeds decreased by -2.5% to 437 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 77% against the previous year. As a result, the exports reached the peak of 4.1 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; millet, other than seed exports skyrocketed to $2.2K in 2022. In general, exports saw a sharp decrease.
| Export of Cereals; Millet, Other than Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 1.9 | 3.1 | 0.5 | 2.1 | 3.4% |
| Indonesia | 2.3 | 2.2 | 0.3 | 0.1 | -64.8% |
| Thailand | N/A | 1.7 | N/A | N/A | 0% |
| Malaysia | 0.8 | 0.7 | 0.1 | N/A | -64.6% |
| Brunei Darussalam | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Others | 1.3 | 0.1 | N/A | N/A | -92.3% |
| Total | 6.4 | 8.0 | 1.1 | 2.2 | -29.9% |
Top Export Markets for Cereals; Millet, Other than Seed from Singapore in 2022:
- Cambodia (387.0 kg)
- Indonesia (50.0 kg)
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