Price for Cereals; Millet, Other than Seed in Bangladesh - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Bangladesh (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Bangladesh (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Bangladesh
- Exports of Cereals; Millet, Other than Seed in Bangladesh
Price for Cereals; Millet, Other than Seed in Bangladesh (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $296 per ton in 2022, standing approx. at the previous year. In general, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 101% against the previous year. Over the period under review, average import prices reached the peak figure at $744 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Belgium ($863 per ton), while the price for Ukraine ($156 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Millet, Other than Seed in Bangladesh (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $3,023 per ton, jumping by 98% against the previous year. Overall, the export price, however, showed a deep setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 256%. Over the period under review, the average export prices hit record highs at $9,286 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -10.3% per year.
Imports of Cereals; Millet, Other than Seed in Bangladesh
For the fourth year in a row, Bangladesh recorded growth in purchases abroad of cereals; millet, other than seeds, which increased by 20% to 1.2K tons in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 174% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, cereals; millet, other than seed imports surged to $355K in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 252 | 0% |
| Ukraine | 45.2 | 85.8 | 195 | 57.8 | 8.5% |
| Belgium | N/A | N/A | N/A | 22.6 | 0% |
| India | N/A | 34.6 | 47.6 | N/A | 37.6% |
| Turkey | N/A | 28.1 | 27.0 | N/A | -3.9% |
| Others | 73.1 | 20.7 | 26.8 | 22.5 | -32.5% |
| Total | 118 | 169 | 296 | 355 | 44.4% |
Top Suppliers of Cereals; Millet, Other than Seed to Bangladesh in 2022:
- United States (777.7 tons)
- Ukraine (371.4 tons)
- Belgium (26.1 tons)
Exports of Cereals; Millet, Other than Seed in Bangladesh
In 2022, exports of cereals; millet, other than seeds from Bangladesh fell notably to 2.9 tons, waning by -21.3% compared with the previous year. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,118%. As a result, the exports attained the peak of 3.7 tons, and then contracted markedly in the following year.
In value terms, cereals; millet, other than seed exports surged to $8.7K in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 839%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Cereals; Millet, Other than Seed in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 0.6 | 1.1 | 8.7 | 280.8% |
| Sri Lanka | 1.0 | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | 4.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 0.6 | 5.6 | 8.7 | 105.7% |
Top Export Markets for Cereals; Millet, Other than Seed from Bangladesh in 2022:
- Canada (2.9 tons)
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