Cereals; Millet, Seed Price in Egypt - 2022
Contents:
- Cereals; Millet, Seed Price in Egypt (FOB) - 2022
- Cereals; Millet, Seed Price in Egypt (CIF) - 2022
- Cereals; Millet, Seed Exports in Egypt
- Cereals; Millet, Seed Imports in Egypt
Cereals; Millet, Seed Price in Egypt (FOB) - 2022
In 2021, the average cereals; millet, seed export price amounted to $676 per ton, rising by 68% against the previous year. Overall, the export price, however, faced a drastic downturn. The growth pace was the most rapid in 2018 when the average export price increased by 80% against the previous year. The export price peaked at $3,462 per ton in 2012; however, from 2013 to 2021, 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 Canada ($1,209 per ton), while the average price for exports to Oman amounted to $676 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+21.5%).
Cereals; Millet, Seed Price in Egypt (CIF) - 2022
In 2021, the average cereals; millet, seed import price amounted to $899 per ton, rising by 154% against the previous year. In general, the import price posted pronounced growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($975 per ton), while the price for the United States ($273 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.0%), while the prices for the other major suppliers experienced a decline.
Cereals; Millet, Seed Exports in Egypt
In 2022, shipments abroad of cereals; millet, seeds decreased by -76.8% to 19 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 451,460% against the previous year.
In value terms, cereals; millet, seed exports declined sharply to $11K in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 159,865%.
| Export of Cereals; Millet, Seed in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Oman | N/A | N/A | 20.1 | 0% | |
| Canada | N/A | 20.4 | 9.0 | -55.9% | |
| Germany | N/A | 6.8 | N/A | 0% | |
| Others | N/A | N/A | 25.2 | 0% | |
| Total | N/A | 27.2 | 54.4 | 100.0% | |
Top Export Markets for Cereals; Millet, Seed from Egypt in 2022:
- Oman (29.8 tons)
- Canada (7.5 tons)
Cereals; Millet, Seed Imports in Egypt
For the third year in a row, Egypt recorded decline in purchases abroad of cereals; millet, seeds, which decreased by -28.5% to 347 tons in 2022. Overall, imports showed a precipitous slump.
In value terms, cereals; millet, seed imports totaled $501K in 2022. In general, imports recorded a significant curtailment.
| Import of Cereals; Millet, Seed in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 148 | 123 | 162 | 4.6% | |
| United States | 22.0 | 38.1 | 31.6 | 19.8% | |
| Canada | 10.5 | 24.1 | 18.3 | 32.0% | |
| Pakistan | N/A | 57.3 | N/A | 0% | |
| Others | 913 | 188 | 224 | -50.5% | |
| Total | 1,094 | 431 | 436 | -36.9% | |
Top Suppliers of Cereals; Millet, Seed to Egypt in 2022:
- India (165.9 tons)
- United States (115.8 tons)
- Canada (48.6 tons)
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