Price for Cereals; Grain Sorghum, Other than Seed in Japan - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Japan (CIF) - 2023
- Imports of Cereals; Grain Sorghum, Other than Seed in Japan
Price for Cereals; Grain Sorghum, Other than Seed in Japan (CIF) - 2023
In July 2023, the average import price for cereals; grain sorghum, other than seeds amounted to $395 per ton, surging by 2.8% against the previous month. Over the period under review, the import price, however, showed a slight decrease. The import price peaked at $432 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From November 2022 to July 2023, the rate of growth in terms of prices for the United States amounted to +4.2% per month.
Imports of Cereals; Grain Sorghum, Other than Seed in Japan
In 2022, approx. 265K tons of cereals; grain sorghum, other than seeds were imported into Japan; with a decrease of -12% on the previous year. Overall, imports continue to indicate a deep slump.
In value terms, imports of cereals; grain sorghum, other than seeds stood at $102M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Cereals; Grain Sorghum, Other than Seed in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.2 | 0.3 | 48.3 | 92.1 | 672.2% |
| United States | 53.6 | 49.9 | 6.7 | 4.8 | -55.3% |
| Argentina | 45.1 | 34.6 | 29.4 | 4.8 | -52.6% |
| Mexico | N/A | N/A | 9.0 | N/A | 0% |
| Others | 0.6 | 0.4 | 3.1 | 0.7 | 5.3% |
| Total | 99.5 | 85.2 | 96.6 | 102 | 0.8% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Japan in 2022:
- Australia (236.3K tons)
- Argentina (16.9K tons)
- United States (10.6K tons)
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