Price for Cereals; Grain Sorghum, Seed in Kuwait - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Kuwait (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Kuwait
Price for Cereals; Grain Sorghum, Seed in Kuwait (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $810 per ton in 2022, which is down by -8.6% against the previous year. In general, the import price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 65% against the previous year. Over the period under review, average import prices reached the peak figure at $886 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,481 per ton), while the price for Ukraine ($711 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Seed in Kuwait
In 2022, after two years of decline, there was significant growth in supplies from abroad of cereals; grain sorghum, seeds, when their volume increased by 19% to 3.6 tons. Over the period under review, imports, however, continue to indicate a sharp shrinkage.
In value terms, cereals; grain sorghum, seed imports expanded significantly to $2.9K in 2022. In general, imports, however, showed a sharp setback.
| Import of Cereals; Grain Sorghum, Seed in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 6.8 | 2.6 | 2.1 | 2.3 | -30.3% |
| Australia | 2.3 | 0.4 | 0.4 | 0.4 | -44.2% |
| India | 0.7 | 0.1 | 0.1 | 0.1 | -47.7% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 9.8 | 3.1 | 2.7 | 2.9 | -33.4% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Kuwait in 2022:
- Ukraine (3.3 tons)
- Australia (0.2 tons)
- India (0.1 tons)
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Explore the top import destinations for sorghum and their key statistics. China, Japan, Mexico, Spain, Kenya, Sudan, Italy, South Sudan, Botswana, and New Zealand are among the leading importers. Find out more on IndexBox platform.
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In 2021, global sorghum production will grow by 5%, boosted by growing supplies to China. Sorghum imports to the country are expected to rise by 28% compared to the previous year, driven by the increasing demand for animal feed. Prices will continue to rise in line with other cereals, following accelerated food inflation. The advantage of sorghum as a more drought-tolerant crop will allow this product to compete seriously with corn and will further stimulate market expansion.
