Price for Cereals; Millet, Other than Seed in Malaysia - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Malaysia (CIF) - 2023
- Price for Cereals; Millet, Other than Seed in Malaysia (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Malaysia
- Exports of Cereals; Millet, Other than Seed in Malaysia
Price for Cereals; Millet, Other than Seed in Malaysia (CIF) - 2023
The average import price for cereals; millet, other than seeds stood at $657 per ton in December 2023, dropping by -11.9% against the previous month. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in March 2023 an increase of 17% against the previous month. Over the period under review, average import prices attained the peak figure at $753 per ton in September 2023; however, from October 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($4,841 per ton), while the price for Ukraine ($528 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Malaysia (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $2,299 per ton in 2022, increasing by 5.2% against the previous year. Over the period under review, the export price saw resilient growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($3,455 per ton), while the average price for exports to Thailand ($1,951 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 (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Millet, Other than Seed in Malaysia
After three years of growth, purchases abroad of cereals; millet, other than seeds decreased by -34.2% to 4.2K tons in 2022. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 128%.
In value terms, cereals; millet, other than seed imports rose sharply to $2.7M in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 99%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Cereals; Millet, Other than Seed in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 796 | 1,564 | 556 | 1,522 | 24.1% |
| Ukraine | 73.6 | 111 | 1,308 | 746 | 116.4% |
| China | 26.6 | 107 | 85.6 | 212 | 99.7% |
| India | 6.7 | 20.8 | 130 | 188 | 203.9% |
| Russia | 23.9 | 64.6 | 211 | N/A | 197.1% |
| Others | 78.7 | 135 | 254 | 54.8 | -11.4% |
| Total | 1,006 | 2,003 | 2,544 | 2,722 | 39.3% |
Top Suppliers of Cereals; Millet, Other than Seed to Malaysia in 2022:
- United States (2129.6 tons)
- Ukraine (1577.3 tons)
- India (196.2 tons)
- China (192.7 tons)
Exports of Cereals; Millet, Other than Seed in Malaysia
In 2022, overseas shipments of cereals; millet, other than seeds decreased by -28.4% to 3.2 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 46%. As a result, the exports reached the peak of 11 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; millet, other than seed exports reduced notably to $7.3K in 2022. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 18%. As a result, the exports reached the peak of $14K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Millet, Other than Seed in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 9.6 | 4.3 | 1.8 | 3.9 | -25.9% |
| Thailand | 1.4 | 9.4 | 0.3 | 2.0 | 12.6% |
| Mauritius | N/A | N/A | N/A | 1.4 | 0% |
| Vietnam | 0.6 | 0.5 | 0.1 | N/A | -59.2% |
| Canada | N/A | N/A | 6.8 | N/A | 0% |
| Others | 0.5 | N/A | 0.6 | N/A | 9.5% |
| Total | 12.1 | 14.2 | 9.7 | 7.3 | -15.5% |
Top Export Markets for Cereals; Millet, Other than Seed from Malaysia in 2022:
- Singapore (1.8 tons)
- Thailand (1.0 tons)
- Mauritius (0.4 tons)
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