Price for Buckwheat, Millet and Canary Seed; Other Cereals in Russia - 2022
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Russia (FOB) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Russia (CIF) - 2022
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Russia
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Russia
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Russia (FOB) - 2022
In 2022, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $605 per ton, growing by 13% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 47%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($921 per ton), while the average price for exports to Turkey ($315 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 Latvia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Russia (CIF) - 2022
In 2022, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $1,689 per ton, with an increase of 13% against the previous year. In general, the import price, however, saw a pronounced downturn. The growth pace was the most rapid in 2017 when the average import price increased by 612%. As a result, import price attained the peak level of $2,612 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,650 per ton), while the price for Kazakhstan ($389 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Russia
In 2022, the amount of buckwheat, millet and canary seed; other cerealses exported from Russia expanded remarkably to 236K tons, increasing by 12% compared with 2021 figures. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 35%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, exports of buckwheat, millet and canary seed; other cerealses skyrocketed to $143M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 98%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 0.4 | 1.2 | 8.8 | 12.6 | 215.8% |
| Indonesia | N/A | 0.1 | 3.8 | 12.1 | 1000.0% |
| Azerbaijan | 0.1 | N/A | 6.9 | 11.2 | 382.0% |
| Georgia | 2.7 | 3.1 | 4.8 | 9.2 | 50.5% |
| China | 9.9 | 1.0 | 15.5 | 8.7 | -4.2% |
| Japan | 3.9 | 4.5 | 6.3 | 6.8 | 20.4% |
| Latvia | N/A | 1.4 | 3.3 | 6.3 | 112.1% |
| Turkey | 1.7 | 4.6 | 5.3 | 4.6 | 39.3% |
| Poland | 1.2 | 2.2 | 5.2 | 4.2 | 51.8% |
| Kazakhstan | 1.3 | 1.4 | 0.9 | 2.9 | 30.7% |
| Ukraine | 1.7 | 6.2 | 6.8 | 2.0 | 5.6% |
| Thailand | N/A | 0.8 | 1.2 | 1.9 | 54.1% |
| South Africa | 0.4 | 0.8 | 0.1 | 1.4 | 51.8% |
| Others | 14.3 | 29.3 | 43.2 | 58.6 | 60.0% |
| Total | 37.6 | 56.7 | 112 | 143 | 56.1% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Russia in 2022:
- Indonesia (27.2K tons)
- Georgia (17.1K tons)
- Lithuania (16.8K tons)
- China (15.9K tons)
- Turkey (14.7K tons)
- Azerbaijan (12.1K tons)
- Japan (9.3K tons)
- Latvia (8.0K tons)
- Kazakhstan (6.7K tons)
- Poland (5.5K tons)
- Thailand (4.1K tons)
- South Africa (3.5K tons)
- Ukraine (3.1K tons)
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Russia
In 2022, after three years of growth, there was significant decline in purchases abroad of buckwheat, millet and canary seed; other cerealses, when their volume decreased by -49.1% to 2K tons. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 57%. As a result, imports attained the peak of 3.9K tons, and then contracted dramatically in the following year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses reduced remarkably to $3.3M in 2022. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $5.8M, and then reduced markedly in the following year.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 2,633 | 2,665 | 2,965 | 1,858 | -11.0% |
| United States | 1,234 | 1,073 | 1,154 | 361 | -33.6% |
| South Korea | N/A | N/A | N/A | 335 | 0% |
| India | 84.6 | 23.7 | 92.8 | 220 | 37.5% |
| Hungary | 65.4 | 62.6 | 15.8 | 129 | 25.4% |
| China | 102 | 56.1 | 91.0 | 53.3 | -19.5% |
| Canada | 152 | 295 | 316 | 37.9 | -37.1% |
| Kazakhstan | 22.7 | 1.4 | 227 | 8.3 | -28.5% |
| Others | 252 | 289 | 912 | 315 | 7.7% |
| Total | 4,545 | 4,466 | 5,774 | 3,318 | -10.0% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Russia in 2022:
- Peru (1182.7 tons)
- India (170.0 tons)
- South Korea (139.7 tons)
- Hungary (108.8 tons)
- United States (54.3 tons)
- Canada (48.1 tons)
- China (43.4 tons)
- Kazakhstan (21.2 tons)
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