Price for Cereals; Millet, Other than Seed in Vietnam - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Vietnam (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Vietnam (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Vietnam
- Exports of Cereals; Millet, Other than Seed in Vietnam
Price for Cereals; Millet, Other than Seed in Vietnam (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $606 per ton, increasing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($606 per ton) and Ukraine ($606 per ton), while the price for China ($606 per ton) and India ($606 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Vietnam (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $402 per ton in 2022, picking up by 20% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 an increase of 57%. The export price peaked at $512 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($402 per ton), while the average price for exports to Taiwan (Chinese) stood at $402 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-2.4%).
Imports of Cereals; Millet, Other than Seed in Vietnam
In 2022, cereals; millet, other than seed imports into Vietnam expanded remarkably to 3.1K tons, surging by 8% on the year before. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. 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 skyrocketed to $1.9M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,106 | 815 | 857 | 637 | -16.8% |
| Ukraine | 146 | 336 | 423 | 562 | 56.7% |
| Russia | 55.4 | 194 | 200 | 463 | 102.9% |
| Turkey | N/A | N/A | N/A | 87.5 | 0% |
| United States | 73.9 | 19.5 | N/A | 62.3 | -5.5% |
| Others | 9.8 | 85.5 | 90.7 | 59.7 | 82.6% |
| Total | 1,391 | 1,449 | 1,571 | 1,871 | 10.4% |
Top Suppliers of Cereals; Millet, Other than Seed to Vietnam in 2022:
- China (1051.2 tons)
- Ukraine (927.4 tons)
- Russia (763.4 tons)
- Turkey (144.4 tons)
- United States (102.8 tons)
Exports of Cereals; Millet, Other than Seed in Vietnam
In 2022, approx. 969 tons of cereals; millet, other than seeds were exported from Vietnam; increasing by 42% compared with the year before. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 66% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed exports surged to $390K in 2022. Over the period under review, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Millet, Other than Seed in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 267 | 104 | 192 | 265 | -0.3% |
| Japan | 61.3 | 57.3 | 37.3 | 123 | 26.1% |
| Others | N/A | N/A | N/A | 2.0 | 0% |
| Total | 328 | 162 | 229 | 390 | 5.9% |
Top Export Markets for Cereals; Millet, Other than Seed from Vietnam in 2022:
- Taiwan (Chinese) (658.9 tons)
- Japan (305.5 tons)
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