Price for Cereals; Grain Sorghum, Other than Seed in Hungary - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Hungary (FOB) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Hungary (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in Hungary
- Imports of Cereals; Grain Sorghum, Other than Seed in Hungary
Price for Cereals; Grain Sorghum, Other than Seed in Hungary (FOB) - 2022
In 2022, the average export price for cereals; grain sorghum, other than seeds amounted to $303 per ton, increasing by 38% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereals; grain sorghum, other than seeds increased by +70.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 41% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($333 per ton) and Serbia ($327 per ton), while the average price for exports to Germany ($265 per ton) and Austria ($285 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Grain Sorghum, Other than Seed in Hungary (CIF) - 2022
The average import price for cereals; grain sorghum, other than seeds stood at $379 per ton in 2022, increasing by 14% against the previous year. In general, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2021 an increase of 62% against the previous year. The import price peaked at $521 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($712 per ton), while the price for Ukraine ($325 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Grain Sorghum, Other than Seed in Hungary
In 2022, overseas shipments of cereals; grain sorghum, other than seeds decreased by -28.7% to 33K tons, falling for the second year in a row after two years of growth. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 261%. As a result, the exports reached the peak of 61K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereals; grain sorghum, other than seeds shrank to $9.9M in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 255%. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereals; Grain Sorghum, Other than Seed in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.8 | 8.5 | 5.8 | 4.9 | 39.6% |
| Germany | 0.3 | 0.1 | 0.8 | 2.3 | 97.2% |
| Poland | 0.5 | 1.8 | 2.6 | 1.2 | 33.9% |
| Austria | 0.2 | 0.2 | 0.5 | 1.1 | 76.5% |
| Serbia | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 3.0 | 10.8 | 10.1 | 9.9 | 48.9% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Hungary in 2022:
- Italy (14.8K tons)
- Germany (8.7K tons)
- Poland (4.3K tons)
- Austria (3.8K tons)
- Serbia (0.6K tons)
Imports of Cereals; Grain Sorghum, Other than Seed in Hungary
In 2022, the amount of cereals; grain sorghum, other than seeds imported into Hungary fell markedly to 443 tons, waning by -28.9% against the year before. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 0.2%.
In value terms, imports of cereals; grain sorghum, other than seeds fell notably to $168K 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 +8.7% 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 +31.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports attained the peak of $207K, and then contracted remarkably in the following year.
| Import of Cereals; Grain Sorghum, Other than Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 26.0 | 77.0 | 118 | 79.7 | 45.3% |
| Slovakia | N/A | N/A | 8.6 | 54.0 | 527.9% |
| India | N/A | N/A | 0.1 | 34.2 | 34100.0% |
| Russia | 35.3 | N/A | 27.3 | N/A | -12.1% |
| Romania | 69.3 | 50.6 | 39.2 | N/A | -24.8% |
| Others | N/A | 0.1 | 14.5 | N/A | 14400.0% |
| Total | 131 | 128 | 207 | 168 | 8.6% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Hungary in 2022:
- Ukraine (245.3 tons)
- Slovakia (150.2 tons)
- India (48.0 tons)
533
This report provides an in-depth analysis of the sorghum market in Hungary.
735
This report provides an in-depth analysis of the cereal market in Hungary.
324
This report provides an in-depth analysis of the grain market in Hungary.
4012
This report provides an in-depth analysis of the global sorghum market.
3678
This report provides an in-depth analysis of the global cereal market.
3968
This report provides an in-depth analysis of the global grain market.
533
This report provides an in-depth analysis of the sorghum market in Hungary.
4012
This report provides an in-depth analysis of the global sorghum market.
281
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.
1316
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.
3796
Global sorghum consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
2787
Global sorghum exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3145
Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
1319
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.
425
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.
271
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.
281
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.
1316
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.
