Cereals; Millet, Seed Price in Thailand - 2023
Contents:
- Cereals; Millet, Seed Price in Thailand (FOB) - 2022
- Cereals; Millet, Seed Price in Thailand (CIF) - 2022
- Cereals; Millet, Seed Exports in Thailand
- Cereals; Millet, Seed Imports in Thailand
Cereals; Millet, Seed Price in Thailand (FOB) - 2022
The average cereals; millet, seed export price stood at $7,922 per ton in 2022, rising by 25% against the previous year. Overall, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 118%. Over the period under review, the average export prices hit record highs at $10,808 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($8,121 per ton), while the average price for exports to Israel totaled $3,167 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.6%).
Cereals; Millet, Seed Price in Thailand (CIF) - 2022
In 2022, the average cereals; millet, seed import price amounted to $5,605 per ton, approximately equating the previous year. In general, the import price recorded significant growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 79%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +347.4% per year.
Cereals; Millet, Seed Exports in Thailand
In 2022, the amount of cereals; millet, seeds exported from Thailand rose markedly to 36 tons, increasing by 9.3% against the year before. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,531%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, cereals; millet, seed exports surged to $287K in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 855% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Cereals; Millet, Seed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Japan | 21.7 | 202 | 283 | 261.1% | |
| Israel | N/A | N/A | 4.6 | 0% | |
| Pakistan | 0.2 | 7.6 | N/A | 3700.0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 22.0 | 210 | 287 | 261.2% | |
Top Export Markets for Cereals; Millet, Seed from Thailand in 2022:
- Japan (34.8 tons)
- Israel (1.5 tons)
Cereals; Millet, Seed Imports in Thailand
In 2022, supplies from abroad of cereals; millet, seeds decreased by -50% to 200 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a relatively flat trend pattern.
In value terms, cereals; millet, seed imports declined remarkably to $1.1K in 2022. Over the period under review, imports, however, recorded prominent growth.
| Import of Cereals; Millet, Seed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | N/A | 2.2 | 1.1 | 11.2% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 0.8 | N/A | 2.2 | 1.1 | 11.2% |
Top Suppliers of Cereals; Millet, Seed to Thailand in 2022:
- United States (200.0 kg)
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