Price for Cereals; Grain Sorghum, Seed in Libya - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Libya (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Libya
Price for Cereals; Grain Sorghum, Seed in Libya (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $1,203 per ton in 2022, picking up by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The import price peaked at $1,598 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2017 to 2022, the rate of growth in terms of prices for Italy amounted to -5.5% per year.
Imports of Cereals; Grain Sorghum, Seed in Libya
In 2022, imports of cereals; grain sorghum, seeds into Libya skyrocketed to 73 tons, jumping by 20% compared with the previous year. The total import volume increased at an average annual rate of +19.9% from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; grain sorghum, seed imports soared to $88K in 2022. Overall, total imports indicated a significant expansion from 2021 to 2022: its value increased at an average annual rate of +39.5% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Grain Sorghum, Seed in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Italy | N/A | 44.0 | 0% | ||
| India | 19.1 | N/A | 0% | ||
| United States | 44.0 | N/A | 0% | ||
| Others | N/A | 44.0 | 0% | ||
| Total | 63.1 | 88.0 | 39.5% | ||
Top Suppliers of Cereals; Grain Sorghum, Seed to Libya in 2022:
- Italy (36.6 tons)
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This report provides an in-depth analysis of the sorghum market in Libya.
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Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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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.
