Price for Cereals; Grain Sorghum, Other than Seed in Hong Kong SAR - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Hong Kong SAR (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Hong Kong SAR
Price for Cereals; Grain Sorghum, Other than Seed in Hong Kong SAR (CIF) - 2022
The average import price for cereals; grain sorghum, other than seeds stood at $2,052 per ton in 2022, growing by 294% against the previous year. Over the period under review, the import price saw a slight increase. The import price peaked at $2,456 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.3% per year.
Imports of Cereals; Grain Sorghum, Other than Seed in Hong Kong SAR
Imports of cereals; grain sorghum, other than seeds into Hong Kong SAR fell rapidly to 1.1 tons in 2022, with a decrease of -95.1% compared with the previous year. In general, imports recorded a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 303% against the previous year. As a result, imports reached the peak of 23 tons, and then reduced notably in the following year.
In value terms, imports of cereals; grain sorghum, other than seeds shrank significantly to $2.3K in 2022. Overall, imports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 95%. As a result, imports attained the peak of $12K, and then dropped rapidly in the following year.
| Import of Cereals; Grain Sorghum, Other than Seed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 1.8 | 0.1 | 2.3 | 0.0% |
| Nepal | N/A | 2.0 | N/A | N/A | 0% |
| United States | 7.9 | N/A | 11.7 | N/A | 21.7% |
| Others | 0.6 | 2.3 | 0.1 | N/A | -59.2% |
| Total | 10.9 | 6.1 | 12.0 | 2.3 | -40.5% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Hong Kong SAR in 2022:
- China (1.1 tons)
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This report provides an in-depth analysis of the sorghum market in Hong Kong SAR, China.
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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.
