Price for Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia (CIF) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia (CIF) - 2022
The average import price for buckwheat, millet and canary seed; other cerealses stood at $690 per ton in 2022, surging by 32% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. 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 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,641 per ton), while the price for Ukraine ($412 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $1,347 per ton in 2022, waning by -21.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 145% against the previous year. As a result, the export price reached the peak level of $2,987 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($6,639 per ton), while the average price for exports to Indonesia ($882 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 Thailand (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia
In 2022, supplies from abroad of buckwheat, millet and canary seed; other cerealses decreased by -45.3% to 8.4K tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2020 with an increase of 133%. As a result, imports reached the peak of 17K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of buckwheat, millet and canary seed; other cerealses dropped markedly to $5.8M in 2022. Over the period under review, imports, however, posted strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 94% against the previous year.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,458 | 4,056 | 2,164 | 2,570 | 1.5% |
| Ukraine | 115 | 914 | 2,214 | 1,274 | 122.9% |
| China | 314 | 660 | 606 | 472 | 14.6% |
| India | 199 | 524 | 541 | 383 | 24.4% |
| Taiwan (Chinese) | 3.3 | 2.0 | 1.7 | 360 | 377.8% |
| Russia | 37.5 | 505 | 518 | 64.9 | 20.1% |
| Canada | 165 | 27.0 | 43.7 | 53.1 | -31.5% |
| Others | 732 | 1,120 | 1,905 | 583 | -7.3% |
| Total | 4,025 | 7,808 | 7,993 | 5,760 | 12.7% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Malaysia in 2022:
- United States (3.6K tons)
- Ukraine (3.1K tons)
- India (0.6K tons)
- China (0.4K tons)
- Canada (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
- Russia (0.1K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia
In 2022, approx. 177 tons of buckwheat, millet and canary seed; other cerealses were exported from Malaysia; surging by 77% against 2021 figures. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 228%. As a result, the exports attained the peak of 462 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of buckwheat, millet and canary seed; other cerealses skyrocketed to $239K in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 50%. As a result, the exports reached the peak of $631K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | 385 | 77.0 | 171 | -33.4% |
| Singapore | 328 | 88.1 | 77.5 | 30.5 | -54.7% |
| Cambodia | N/A | N/A | N/A | 15.0 | 0% |
| Thailand | 9.5 | 115 | 2.8 | 9.7 | 0.7% |
| Indonesia | 47.1 | 5.8 | 1.4 | 5.8 | -50.2% |
| Others | 35.4 | 36.9 | 13.3 | 7.4 | -40.7% |
| Total | 420 | 631 | 172 | 239 | -17.1% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Malaysia in 2022:
- Taiwan (Chinese) (151.1 tons)
- Cambodia (11.3 tons)
- Indonesia (6.6 tons)
- Singapore (4.6 tons)
- Thailand (2.0 tons)
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