Price for Cereals; Millet, Other than Seed in Thailand - 2024
Contents:
- Price for Cereals; Millet, Other than Seed in Thailand (CIF) - 2024
- Price for Cereals; Millet, Other than Seed in Thailand (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Thailand
- Exports of Cereals; Millet, Other than Seed in Thailand
Price for Cereals; Millet, Other than Seed in Thailand (CIF) - 2024
In January 2024, the average import price for cereals; millet, other than seeds amounted to $468 per ton, with a decrease of -7.9% against the previous month. Overall, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 22% m-o-m. As a result, import price reached the peak level of $654 per ton. From October 2023 to January 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,786 per ton), while the price for Russia ($391 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Thailand (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $510 per ton, rising by 7.4% against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 an increase of 698%. Over the period under review, the average export prices hit record highs at $4,194 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,027 per ton), while the average price for exports to Taiwan (Chinese) ($336 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 Myanmar (+28.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Millet, Other than Seed in Thailand
For the fourth consecutive year, Thailand recorded growth in supplies from abroad of cereals; millet, other than seeds, which increased by 20% to 12K tons in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; millet, other than seed imports soared to $6.3M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 111 | 854 | 2,151 | 2,151 | 168.6% |
| Russia | N/A | 767 | 1,232 | 1,944 | 59.2% |
| Australia | 4.7 | 309 | 264 | 910 | 478.5% |
| India | 30.9 | 37.8 | 53.6 | 592 | 167.6% |
| China | 1,274 | 463 | 296 | 502 | -26.7% |
| United States | 1,490 | 1,023 | 61.1 | 234 | -46.0% |
| Others | 33.7 | 34.9 | 6.3 | N/A | -56.8% |
| Total | 2,944 | 3,487 | 4,064 | 6,333 | 29.1% |
Top Suppliers of Cereals; Millet, Other than Seed to Thailand in 2022:
- Ukraine (4.3K tons)
- Russia (4.1K tons)
- Australia (1.3K tons)
- India (1.2K tons)
- United States (0.4K tons)
- China (0.4K tons)
Exports of Cereals; Millet, Other than Seed in Thailand
After three years of growth, overseas shipments of cereals; millet, other than seeds decreased by -8.4% to 181 tons in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 748%. As a result, the exports attained the peak of 198 tons, and then declined in the following year.
In value terms, cereals; millet, other than seed exports shrank modestly to $93K in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of $94K, and then contracted slightly in the following year.
| Export of Cereals; Millet, Other than Seed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | N/A | 57.0 | 64.9 | 13.9% |
| United States | 31.0 | 54.5 | 19.2 | 19.2 | -14.8% |
| Taiwan (Chinese) | N/A | N/A | N/A | 8.4 | 0% |
| Japan | N/A | N/A | 16.7 | N/A | 0% |
| Others | 8.6 | N/A | 1.2 | N/A | -62.6% |
| Total | 39.6 | 54.5 | 94.1 | 92.5 | 32.7% |
Top Export Markets for Cereals; Millet, Other than Seed from Thailand in 2022:
- Philippines (150.0 tons)
- Taiwan (Chinese) (25.0 tons)
- United States (6.3 tons)
889
This report provides an in-depth analysis of the millet market in Thailand.
750
This report provides an in-depth analysis of the buckwheat market in Thailand.
676
This report provides an in-depth analysis of the canary seed market in Thailand.
603
This report provides an in-depth analysis of the fonio market in Thailand.
1053
This report provides an in-depth analysis of the quinoa market in Thailand.
547
This report provides an in-depth analysis of the triticale market in Thailand.
1058
This report provides an in-depth analysis of the cereal market in Thailand.
692
This report provides an in-depth analysis of the grain market in Thailand.
488
This report provides an in-depth analysis of the grain market in Thailand.
3361
This report provides an in-depth analysis of the global millet market.
5565
Global millet consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
2752
In 2015, the country with the largest volume of the millet output was India (X thousand tons), accounting for X% of global production.
1870
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
855
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.
6630
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3131
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
3145
Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2201
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.
3584
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
1815
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
