Price for Buckwheat, Millet and Canary Seed; Other Cereals in China - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in China (FOB) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in China (CIF) - 2023
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in China
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in China
Price for Buckwheat, Millet and Canary Seed; Other Cereals in China (FOB) - 2023
The average export price for buckwheat, millet and canary seed; other cerealses stood at $923 per ton in December 2023, waning by -2.4% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 9.2% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,142 per ton in June 2023; however, from July 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($1,465 per ton), while the average price for exports to Indonesia ($649 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in China (CIF) - 2023
In December 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $456 per ton, which is down by -5.8% against the previous month. Over the period under review, the import price showed a pronounced decline. The pace of growth was the most pronounced in March 2023 an increase of 13% m-o-m. The import price peaked at $716 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Canada ($854 per ton), while the price for Russia amounted to $439 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.1%).
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in China
In 2022, the amount of buckwheat, millet and canary seed; other cerealses exported from China dropped modestly to 24K tons, approximately reflecting 2021. In general, exports saw a precipitous decline.
In value terms, exports of buckwheat, millet and canary seed; other cerealses shrank to $27M in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The smallest decline of -4.7% was in 2021.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.3 | 9.7 | 7.9 | 9.2 | -11.6% |
| South Korea | 6.8 | 9.6 | 9.4 | 6.9 | 0.5% |
| Germany | 1.3 | 1.7 | 2.0 | 1.8 | 11.5% |
| Indonesia | 1.6 | 0.6 | 1.0 | 0.8 | -20.6% |
| United States | 0.3 | 0.7 | 0.7 | 0.8 | 38.7% |
| Vietnam | 1.1 | 0.8 | 0.9 | 0.8 | -10.1% |
| France | 0.7 | 0.8 | 0.6 | 0.6 | -5.0% |
| United Kingdom | 0.5 | 0.6 | 0.6 | 0.5 | 0.0% |
| Philippines | 0.3 | 0.1 | 0.1 | 0.5 | 18.6% |
| Thailand | 1.4 | 0.4 | 0.5 | 0.4 | -34.1% |
| Others | 6.1 | 4.5 | 4.4 | 4.4 | -10.3% |
| Total | 33.2 | 29.5 | 28.2 | 26.7 | -7.0% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from China in 2022:
- Japan (8.6K tons)
- South Korea (6.7K tons)
- Indonesia (1.0K tons)
- Vietnam (1.0K tons)
- Germany (0.9K tons)
- Philippines (0.6K tons)
- France (0.5K tons)
- United States (0.5K tons)
- United Kingdom (0.4K tons)
- Thailand (0.4K tons)
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in China
Imports of buckwheat, millet and canary seed; other cerealses into China dropped significantly to 25K tons in 2022, falling by -29.2% against the previous year. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 168% against the previous year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses dropped significantly to $21M in 2022. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 145%. As a result, imports reached the peak of $26M, and then shrank remarkably in the following year.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 8.2 | 1.0 | 15.5 | 8.7 | 2.0% |
| Bolivia | 4.8 | 4.5 | 4.2 | 5.3 | 3.4% |
| Canada | 1.1 | 1.9 | 2.2 | 4.0 | 53.8% |
| Peru | N/A | 0.8 | 2.7 | 1.9 | 54.1% |
| Myanmar | 3.0 | N/A | 1.4 | 0.7 | -38.4% |
| Lao People's Democratic Republic | 0.6 | 1.9 | 0.1 | 0.4 | -12.6% |
| Others | 0.2 | 0.5 | N/A | 0.3 | 14.5% |
| Total | 17.9 | 10.7 | 26.2 | 21.4 | 6.1% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to China in 2022:
- Russia (15.9K tons)
- Canada (4.1K tons)
- Bolivia (2.6K tons)
- Myanmar (0.9K tons)
- Peru (0.9K tons)
- Lao People's Democratic Republic (0.8K tons)
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