Cereals; Millet, Seed Price in Slovakia - 2023

Contents:

  1. Cereals; Millet, Seed Price in Slovakia (CIF) - 2022
  2. Cereals; Millet, Seed Price in Slovakia (FOB) - 2022
  3. Cereals; Millet, Seed Imports in Slovakia
  4. Cereals; Millet, Seed Exports in Slovakia

Cereals; Millet, Seed Price in Slovakia (CIF) - 2022

The average cereals; millet, seed import price stood at $2,728 per ton in 2022, increasing by 67% against the previous year. Over the period under review, the import price recorded a notable expansion. The most prominent rate of growth was recorded in 2019 an increase of 159%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Hungary ($7,198 per ton), while the price for Austria stood at $2,082 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Cereals; Millet, Seed Price in Slovakia (FOB) - 2022

In 2022, the average cereals; millet, seed export price amounted to $10,000 per ton, picking up by 914% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +180.1% per year.

Cereals; Millet, Seed Imports in Slovakia

In 2022, after three years of growth, there was significant decline in supplies from abroad of cereals; millet, seeds, when their volume decreased by -63% to 2.9 tons. In general, imports showed a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 100%.

In value terms, cereals; millet, seed imports contracted sharply to $7.8K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 40%.

Import of Cereals; Millet, Seed in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustriaN/A2.212.65.253.7%
Hungary5.87.2N/A2.6-23.5%
Czech Republic0.9N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total6.79.412.67.85.2%

Top Suppliers of Cereals; Millet, Seed to Slovakia in 2022:

  1. Austria (2.5 tons)
  2. Hungary (0.4 tons)

Cereals; Millet, Seed Exports in Slovakia

In 2022, overseas shipments of cereals; millet, seeds decreased by 99.9% to 1 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 873%. As a result, the exports attained the peak of 35 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cereals; millet, seed exports declined remarkably to $10 in 2022. In general, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 869% against the previous year. As a result, the exports attained the peak of $32K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Cereals; Millet, Seed in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
HungaryN/AN/A4.2N/A0%
AustriaN/AN/A1.8N/A0%
LithuaniaN/A13.9N/AN/A0%
Czech Republic3.317.7N/AN/A436.4%
OthersN/A0.1N/AN/A0%
Total3.331.76.0N/A34.8%

Top Export Markets for Cereals; Millet, Seed from Slovakia in 2022:

  1. Czech Republic (1.0 kg)

Source: IndexBox Market Intelligence Platform

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