Price for Cereals; Grain Sorghum, Seed in China - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in China (FOB) - 2022
- Price for Cereals; Grain Sorghum, Seed in China (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Seed in China
- Imports of Cereals; Grain Sorghum, Seed in China
Price for Cereals; Grain Sorghum, Seed in China (FOB) - 2022
In 2022, the average cereals; grain sorghum, seed export price amounted to $2,043 per ton, growing by 6.3% against the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 53% against the previous year. Over the period under review, the average export prices attained the maximum at $2,465 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($5,118 per ton), while the average price for exports to Malaysia ($1,295 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 Malaysia (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Seed in China (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $1,489 per ton in 2022, falling by -21.8% against the previous year. In general, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 52% against the previous year. Over the period under review, average import prices reached the peak figure at $7,008 per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Australia ($42,374 per ton), while the price for Canada ($1,042 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+34.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Grain Sorghum, Seed in China
In 2022, the amount of cereals; grain sorghum, seeds exported from China skyrocketed to 250 tons, with an increase of 55% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 554% against the previous year. As a result, the exports reached the peak of 339 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; grain sorghum, seed exports surged to $510K in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 490% against the previous year. As a result, the exports attained the peak of $712K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Grain Sorghum, Seed in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 108 | 513 | 184 | 415 | 56.6% |
| Taiwan (Chinese) | 6.6 | 99.1 | 85.8 | 65.4 | 114.8% |
| South Korea | 0.5 | 14.5 | 17.5 | 12.4 | 191.6% |
| Malaysia | 1.0 | 17.0 | 16.5 | 11.6 | 126.4% |
| Romania | N/A | 60.5 | N/A | N/A | 0% |
| Others | 4.5 | 7.8 | 5.7 | 6.3 | 11.9% |
| Total | 121 | 712 | 309 | 510 | 61.5% |
Top Export Markets for Cereals; Grain Sorghum, Seed from China in 2022:
- Nigeria (215.1 tons)
- Taiwan (Chinese) (12.8 tons)
- Malaysia (8.9 tons)
- South Korea (8.6 tons)
Imports of Cereals; Grain Sorghum, Seed in China
Cereals; grain sorghum, seed imports into China skyrocketed to 1.1 tons in 2022, surging by 31% on the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cereals; grain sorghum, seed imports expanded slightly to $1.7K in 2022. In general, imports, however, showed a deep downturn.
| Import of Cereals; Grain Sorghum, Seed in China (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 720 | 967 | 1,065 | 1,149 | 16.9% |
| New Zealand | 695 | 407 | 456 | 410 | -16.1% |
| Australia | 1,380 | 269 | 61.0 | 55.0 | -65.8% |
| Others | 127 | 81.0 | 68.0 | 73.0 | -16.9% |
| Total | 2,922 | 1,724 | 1,650 | 1,687 | -16.7% |
Top Suppliers of Cereals; Grain Sorghum, Seed to China in 2022:
- Canada (1103.0 kg)
- New Zealand (16.0 kg)
- Australia (1.0 kg)
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