Price for Cereals; Grain Sorghum, Other than Seed in Germany - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Germany (CIF) - 2023
- Price for Cereals; Grain Sorghum, Other than Seed in Germany (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Germany
- Exports of Cereals; Grain Sorghum, Other than Seed in Germany
Price for Cereals; Grain Sorghum, Other than Seed in Germany (CIF) - 2023
The average import price for cereals; grain sorghum, other than seeds stood at $496 per ton in August 2023, with an increase of 20% against the previous month. Over the period from November 2022 to August 2023, it increased at an average monthly rate of +4.4%. The growth pace was the most rapid in January 2023 an increase of 28% month-to-month. The import price peaked in August 2023.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From November 2022 to August 2023, the rate of growth in terms of prices for Austria amounted to +5.2% per month.
Price for Cereals; Grain Sorghum, Other than Seed in Germany (FOB) - 2022
The average export price for cereals; grain sorghum, other than seeds stood at $371 per ton in 2022, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 24%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($604 per ton), while the average price for exports to France ($286 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 the Netherlands (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Other than Seed in Germany
In 2022, imports of cereals; grain sorghum, other than seeds into Germany declined to 8.9K tons, which is down by -7.7% compared with the year before. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 73%. As a result, imports reached the peak of 9.6K tons, and then contracted in the following year.
In value terms, imports of cereals; grain sorghum, other than seeds expanded significantly to $3M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 97% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Cereals; Grain Sorghum, Other than Seed in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 534 | 445 | 947 | 608 | 4.4% |
| Romania | N/A | N/A | 376 | 550 | 46.3% |
| Ukraine | 69.4 | 65.4 | 162 | 380 | 76.3% |
| Netherlands | 118 | 293 | 377 | 313 | 38.4% |
| Poland | 6.7 | 11.0 | 171 | 311 | 259.4% |
| Hungary | 178 | 129 | 101 | 259 | 13.3% |
| France | 275 | 103 | 122 | 183 | -12.7% |
| Russia | 142 | 180 | 184 | 131 | -2.7% |
| Italy | 66.9 | 44.7 | 37.3 | 82.3 | 7.1% |
| Others | 31.6 | 81.9 | 190 | 213 | 88.9% |
| Total | 1,421 | 1,354 | 2,666 | 3,031 | 28.7% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Germany in 2022:
- Austria (2267.9 tons)
- Romania (1740.0 tons)
- Ukraine (961.9 tons)
- Poland (793.7 tons)
- Netherlands (781.4 tons)
- Hungary (761.4 tons)
- France (493.2 tons)
- Russia (440.9 tons)
- Italy (145.5 tons)
Exports of Cereals; Grain Sorghum, Other than Seed in Germany
In 2022, approx. 1.6K tons of cereals; grain sorghum, other than seeds were exported from Germany; picking up by 16% on 2021. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; grain sorghum, other than seeds skyrocketed to $583K in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Other than Seed in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 66.5 | 47.8 | 123 | 245 | 54.4% |
| Denmark | 240 | 169 | 178 | 219 | -3.0% |
| Belgium | 22.0 | 69.8 | 74.7 | 98.0 | 64.5% |
| Netherlands | 27.5 | 92.1 | 44.1 | 12.2 | -23.7% |
| Austria | 47.9 | 1.6 | 10.6 | 4.9 | -53.2% |
| Others | 11.5 | 21.9 | 20.3 | 3.9 | -30.3% |
| Total | 415 | 402 | 451 | 583 | 12.0% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Germany in 2022:
- France (856.7 tons)
- Denmark (475.8 tons)
- Belgium (199.4 tons)
- Netherlands (25.2 tons)
- Austria (8.4 tons)
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