Price for Cereals; Millet, Other than Seed in Venezuela - 2022

Contents:

  1. Price for Cereals; Millet, Other than Seed in Venezuela (CIF) - 2022
  2. Imports of Cereals; Millet, Other than Seed in Venezuela

Price for Cereals; Millet, Other than Seed in Venezuela (CIF) - 2022

The average import price for cereals; millet, other than seeds stood at $345 per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 162%. As a result, import price reached the peak level of $1,052 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -5.2% per year.

Imports of Cereals; Millet, Other than Seed in Venezuela

In 2022, the amount of cereals; millet, other than seeds imported into Venezuela skyrocketed to 166 tons, increasing by 491% on the previous year. In general, imports enjoyed 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 surged to $57K in 2022. Overall, imports continue to indicate significant growth. 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 Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada6.75.99.757.4104.6%
OthersN/A15.1N/AN/A0%
Total6.721.09.757.4104.6%

Top Suppliers of Cereals; Millet, Other than Seed to Venezuela in 2022:

  1. Canada (166.2 tons)

Source: IndexBox Market Intelligence Platform

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