Price for Cereals; Millet, Other than Seed in Morocco - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Morocco (CIF) - 2023
- Price for Cereals; Millet, Other than Seed in Morocco (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Morocco
- Exports of Cereals; Millet, Other than Seed in Morocco
Price for Cereals; Millet, Other than Seed in Morocco (CIF) - 2023
The average import price for cereals; millet, other than seeds stood at $575 per ton in June 2023, falling by -4.5% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 20% m-o-m. As a result, import price attained the peak level of $634 per ton. From September 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Russia ($594 per ton) and Turkey ($582 per ton), while the price for India ($510 per ton) and Ukraine ($529 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Morocco (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $396 per ton in 2022, falling by -61.1% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price decreased by -12.4% against the previous year. The export price peaked at $4,900 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($1,000 per ton), while the average price for exports to Spain totaled $318 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-38.5%).
Imports of Cereals; Millet, Other than Seed in Morocco
After three years of growth, supplies from abroad of cereals; millet, other than seeds decreased by -39.9% to 5.1K tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 48%. As a result, imports attained the peak of 8.5K tons, and then contracted notably in the following year.
In value terms, cereals; millet, other than seed imports reduced sharply to $2.9M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. As a result, imports reached the peak of $3.4M, and then plummeted in the following year.
| Import of Cereals; Millet, Other than Seed in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 993 | 1,006 | 1,292 | 1,642 | 18.3% |
| Ukraine | 732 | 910 | 1,763 | 544 | -9.4% |
| Russia | 238 | 185 | 198 | 363 | 15.1% |
| Turkey | 47.6 | 5.2 | 82.6 | 165 | 51.3% |
| Kazakhstan | N/A | N/A | N/A | 163 | 0% |
| Others | 53.6 | 63.0 | 52.9 | 3.4 | -60.1% |
| Total | 2,064 | 2,168 | 3,388 | 2,880 | 11.7% |
Top Suppliers of Cereals; Millet, Other than Seed to Morocco in 2022:
- India (2743.6 tons)
- Ukraine (1047.6 tons)
- Russia (655.6 tons)
- Turkey (345.0 tons)
- Kazakhstan (292.0 tons)
Exports of Cereals; Millet, Other than Seed in Morocco
In 2022, shipments abroad of cereals; millet, other than seeds decreased by -95% to 53 kg, falling for the second year in a row after two years of growth. In general, exports showed a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, the exports reached the peak of 6 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; millet, other than seed exports reduced remarkably to $21 in 2022. Overall, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 2.8%. As a result, the exports attained the peak of $10K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Millet, Other than Seed in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.4 | 6.9 | 0.5 | N/A | 11.8% |
| Italy | 4.5 | N/A | N/A | N/A | 0% |
| Cabo Verde | N/A | N/A | N/A | N/A | 0% |
| Others | 4.7 | 3.1 | 0.6 | N/A | -64.3% |
| Total | 9.7 | 10.0 | 1.1 | N/A | -66.3% |
Top Export Markets for Cereals; Millet, Other than Seed from Morocco in 2022:
- Spain (22.0 kg)
- Cabo Verde (1.0 kg)
560
This report provides an in-depth analysis of the millet market in Morocco.
416
This report provides an in-depth analysis of the buckwheat market in Morocco.
456
This report provides an in-depth analysis of the canary seed market in Morocco.
348
This report provides an in-depth analysis of the fonio market in Morocco.
471
This report provides an in-depth analysis of the quinoa market in Morocco.
317
This report provides an in-depth analysis of the triticale market in Morocco.
525
This report provides an in-depth analysis of the cereal market in Morocco.
318
This report provides an in-depth analysis of the grain market in Morocco.
471
This report provides an in-depth analysis of the grain market in Morocco.
3326
This report provides an in-depth analysis of the global millet market.
5549
Global millet consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
2738
In 2015, the country with the largest volume of the millet output was India (X thousand tons), accounting for X% of global production.
1859
The U.S. continues its dominance in the global millet trade. In 2014, the U.S. exported X thousand tons of millet totaling X million USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% of its total millet
842
In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
6594
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3120
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
3134
Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2188
In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.
3575
In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of global production. According to e
1808
The Mongozo Buckwheat White recently won gold at the World Beer Awards in London. Brewed with unique ingredients, the Buckwheat White is praised for its fresh and fruity aroma and smooth aftertaste. Most importantly, it is gluten-free, and is, therefor
