Price for Cereals; Millet, Other than Seed in Israel - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Israel (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Israel (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Israel
- Exports of Cereals; Millet, Other than Seed in Israel
Price for Cereals; Millet, Other than Seed in Israel (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $606 per ton in 2022, rising by 6.2% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, other than seed import price increased by +41.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 73%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($606 per ton) and Ukraine ($606 per ton), while the price for Germany ($606 per ton) and Turkey ($606 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Israel (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $842 per ton in 2022, shrinking by -40.1% against the previous year. In general, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 4.4% against the previous year. Over the period under review, the average export prices reached the maximum at $2,860 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2014 to 2022, the rate of growth in terms of prices for Germany amounted to -7.1% per year.
Imports of Cereals; Millet, Other than Seed in Israel
In 2022, the amount of cereals; millet, other than seeds imported into Israel surged to 2.3K tons, growing by 34% on 2021 figures. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 83%. As a result, imports reached the peak of 3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; millet, other than seed imports surged to $1.4M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 77% against the previous year. As a result, imports attained the peak of $1.6M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereals; Millet, Other than Seed in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 329 | 344 | 48.7 | 813 | 35.2% |
| United Arab Emirates | N/A | N/A | N/A | 214 | 0% |
| India | 44.1 | 67.4 | 104 | 161 | 54.0% |
| Ukraine | 149 | 457 | 298 | 106 | -10.7% |
| Germany | 6.7 | 14.8 | 11.4 | 41.0 | 82.9% |
| Turkey | 6.1 | 2.7 | 8.7 | 27.0 | 64.2% |
| United States | 72.8 | 124 | 77.9 | 17.0 | -38.4% |
| Netherlands | 121 | 208 | 125 | N/A | 1.6% |
| Others | 169 | 372 | 319 | 36.0 | -40.3% |
| Total | 897 | 1,590 | 992 | 1,415 | 16.4% |
Top Suppliers of Cereals; Millet, Other than Seed to Israel in 2022:
- Russia (1341.4 tons)
- United Arab Emirates (353.1 tons)
- India (265.6 tons)
- Ukraine (174.9 tons)
- Germany (67.6 tons)
- Turkey (44.5 tons)
- United States (28.0 tons)
Exports of Cereals; Millet, Other than Seed in Israel
In 2022, cereals; millet, other than seed exports from Israel soared to 944 kg, growing by 33% compared with the previous year. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 217% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, cereals; millet, other than seed exports contracted dramatically to $795 in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 126%. As a result, the exports attained the peak of $1K, and then contracted dramatically in the following year.
| Export of Cereals; Millet, Other than Seed in Israel (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Sweden | N/A | N/A | 395 | 0% | |
| Spain | 222 | N/A | N/A | 0% | |
| United States | N/A | 1,000 | N/A | 0% | |
| Others | 221 | N/A | 400 | 34.5% | |
| Total | 443 | 1,000 | 795 | 34.0% | |
Top Export Markets for Cereals; Millet, Other than Seed from Israel in 2022:
- Sweden (263.0 kg)
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