Price for Cereals; Grain Sorghum, Other than Seed in Israel - 2024
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Israel (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Israel
Price for Cereals; Grain Sorghum, Other than Seed in Israel (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $350 per ton, rising by 21% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereals; grain sorghum, other than seeds increased by +94.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($350 per ton) and Moldova ($350 per ton), while the price for the UK ($350 per ton) and Switzerland ($350 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+60.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Other than Seed in Israel
In 2022, overseas purchases of cereals; grain sorghum, other than seeds increased by 48% to 33K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep downturn.
In value terms, imports of cereals; grain sorghum, other than seeds soared to $12M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Grain Sorghum, Other than Seed in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.7 | 2.8 | 1.7 | 3.8 | 30.8% |
| Russia | 0.4 | 0.6 | 0.7 | 2.2 | 76.5% |
| Moldova | N/A | N/A | N/A | 1.4 | 0% |
| Switzerland | 1.2 | 1.4 | 0.7 | 1.3 | 2.7% |
| Ukraine | 1.0 | 0.1 | 3.3 | 0.1 | -53.6% |
| Brazil | 4.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.9 | N/A | 2.7 | 19.2% |
| Total | 9.0 | 6.8 | 6.5 | 11.6 | 8.8% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Israel in 2022:
- United Kingdom (10.9K tons)
- Russia (6.3K tons)
- Moldova (4.0K tons)
- Switzerland (3.6K tons)
- Ukraine (0.4K tons)
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