Price for Cereals; Millet, Other than Seed in the UK - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in the UK (CIF) - 2023
- Price for Cereals; Millet, Other than Seed in the UK (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in the UK
- Exports of Cereals; Millet, Other than Seed in the UK
Price for Cereals; Millet, Other than Seed in the UK (CIF) - 2023
In November 2023, the average import price for cereals; millet, other than seeds amounted to $568 per ton, picking up by 12% against the previous month. Over the period under review, the import price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 27% against the previous month. Over the period under review, average import prices reached the peak figure at $760 per ton in August 2023; however, from September 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was France ($524 per ton), while the price for Ukraine totaled $485 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Millet, Other than Seed in the UK (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $2,844 per ton, growing by 8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 76% against the previous year. As a result, the export price reached the peak level of $4,429 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($6,011 per ton), while the average price for exports to the Netherlands ($2,044 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in the UK
Cereals; millet, other than seed imports into the UK soared to 11K tons in 2022, rising by 86% compared with 2021 figures. In general, imports recorded prominent growth.
In value terms, cereals; millet, other than seed imports skyrocketed to $7M in 2022. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 1,483 | 2,229 | 1,305 | 2,230 | 14.6% |
| France | 560 | 1,531 | 734 | 2,072 | 54.7% |
| China | 755 | 809 | 578 | 978 | 9.0% |
| India | 458 | 583 | 356 | 581 | 8.3% |
| United States | 899 | 188 | 167 | 431 | -21.7% |
| Bulgaria | N/A | 20.8 | N/A | 131 | 151.0% |
| Netherlands | 365 | 227 | 16.5 | 33.4 | -54.9% |
| Others | 236 | 220 | 247 | 586 | 35.4% |
| Total | 4,757 | 5,808 | 3,404 | 7,044 | 14.0% |
Top Suppliers of Cereals; Millet, Other than Seed to the UK in 2022:
- Ukraine (4.8K tons)
- France (4.2K tons)
- India (0.7K tons)
- China (0.5K tons)
- United States (0.3K tons)
- Bulgaria (0.2K tons)
Exports of Cereals; Millet, Other than Seed in the UK
In 2022, shipments abroad of cereals; millet, other than seeds decreased by -40.1% to 32 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 63%. As a result, the exports reached the peak of 62 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; millet, other than seed exports shrank markedly to $90K in 2022. In general, total exports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 54% against the previous year.
| Export of Cereals; Millet, Other than Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.6 | 2.1 | 14.1 | 57.3 | 357.1% |
| China | N/A | N/A | N/A | 10.4 | 0% |
| France | 1.0 | N/A | 13.2 | 8.6 | 104.9% |
| Ireland | 47.5 | 90.5 | 18.0 | 5.5 | -51.3% |
| Netherlands | 13.6 | 18.3 | 2.3 | 1.2 | -55.5% |
| Spain | 17.7 | 19.5 | N/A | N/A | 10.2% |
| Kuwait | N/A | N/A | 29.7 | N/A | 0% |
| Sweden | 2.6 | N/A | 44.6 | N/A | 314.2% |
| Denmark | 0.3 | 0.7 | 14.8 | N/A | 602.4% |
| Others | 3.9 | 2.8 | 3.1 | 7.4 | 23.8% |
| Total | 87.2 | 134 | 140 | 90.5 | 1.2% |
Top Export Markets for Cereals; Millet, Other than Seed from the UK in 2022:
- Germany (25.3 tons)
- Ireland (2.1 tons)
- China (2.0 tons)
- France (1.4 tons)
- Netherlands (0.6 tons)
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