Price for Cereals; Grain Sorghum, Other than Seed in Belgium - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Belgium (CIF) - 2023
- Price for Cereals; Grain Sorghum, Other than Seed in Belgium (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Belgium
- Exports of Cereals; Grain Sorghum, Other than Seed in Belgium
Price for Cereals; Grain Sorghum, Other than Seed in Belgium (CIF) - 2023
The average import price for cereals; grain sorghum, other than seeds stood at $405 per ton in August 2023, falling by -11.6% against the previous month. Over the period from November 2022 to August 2023, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in April 2023 an increase of 33% month-to-month. As a result, import price reached the peak level of $570 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Belarus.
From November 2022 to August 2023, the rate of growth in terms of prices for Moldova amounted to +16.4% per month.
Price for Cereals; Grain Sorghum, Other than Seed in Belgium (FOB) - 2022
In 2022, the average export price for cereals; grain sorghum, other than seeds amounted to $389 per ton, jumping by 31% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $440 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($817 per ton), while the average price for exports to Spain ($342 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 Hungary (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Other than Seed in Belgium
In 2022, after three years of growth, there was significant decline in overseas purchases of cereals; grain sorghum, other than seeds, when their volume decreased by -26.9% to 29K tons. Overall, imports recorded a slight shrinkage. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 40K tons, and then contracted markedly in the following year.
In value terms, imports of cereals; grain sorghum, other than seeds reduced to $10M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +40.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports attained the peak of $11M, and then reduced in the following year.
| Import of Cereals; Grain Sorghum, Other than Seed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.6 | 7.0 | 10.2 | 9.1 | 11.3% |
| Sudan | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
| Others | 0.5 | 0.8 | 0.6 | 0.8 | 17.0% |
| Total | 7.5 | 8.1 | 11.2 | 10.5 | 11.9% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Belgium in 2022:
- France (26.0K tons)
- Sudan (1.5K tons)
Exports of Cereals; Grain Sorghum, Other than Seed in Belgium
After three years of growth, shipments abroad of cereals; grain sorghum, other than seeds decreased by -74.3% to 1.3K tons in 2022. Overall, exports showed a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by 146% against the previous year. As a result, the exports reached the peak of 5.1K tons, and then declined rapidly in the following year.
In value terms, exports of cereals; grain sorghum, other than seeds reduced remarkably to $508K in 2022. Over the period under review, exports, however, showed a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 156%. As a result, the exports reached the peak of $1.5M, and then shrank markedly in the following year.
| Export of Cereals; Grain Sorghum, Other than Seed in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 363 | 505 | 1,391 | 359 | -0.4% |
| France | 22.4 | 19.6 | 22.6 | 52.5 | 32.8% |
| Spain | 7.5 | 6.4 | 8.6 | 49.7 | 87.8% |
| Hungary | 0.3 | 10.0 | 45.3 | 18.4 | 294.4% |
| Others | 46.2 | 45.8 | 35.2 | 28.9 | -14.5% |
| Total | 439 | 587 | 1,502 | 508 | 5.0% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Belgium in 2022:
- Netherlands (959.5 tons)
- Spain (145.6 tons)
- France (124.3 tons)
- Hungary (29.0 tons)
651
This report provides an in-depth analysis of the sorghum market in Belgium.
643
This report provides an in-depth analysis of the cereal market in Belgium.
821
This report provides an in-depth analysis of the grain market in Belgium.
4009
This report provides an in-depth analysis of the global sorghum market.
3672
This report provides an in-depth analysis of the global cereal market.
3966
This report provides an in-depth analysis of the global grain market.
651
This report provides an in-depth analysis of the sorghum market in Belgium.
4009
This report provides an in-depth analysis of the global sorghum market.
279
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.
1314
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.
3792
Global sorghum consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
2785
Global sorghum exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3142
Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
1316
Baijiu (pronounced "bye-joe") is a Chinese fermented sorghum spirit that is often mixed with glutinous rice, millet, wheat, or corn. A staple alcoholic beverage in China, baijiu liquor will soon be splashing into the U.S. market.
421
Explore the top import markets for cereal around the world, including China, Japan, Mexico, Spain, Egypt, South Korea, Italy, Turkey, Algeria, and Indonesia. Discover key statistics and market insights from the IndexBox platform.
269
Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
279
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.
1314
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.
