Price for Cereals; Grain Sorghum, Other than Seed in Italy - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Italy (CIF) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Italy (FOB) - 2023
- Imports of Cereals; Grain Sorghum, Other than Seed in Italy
- Exports of Cereals; Grain Sorghum, Other than Seed in Italy
Price for Cereals; Grain Sorghum, Other than Seed in Italy (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $304 per ton, picking up by 34% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 47%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($348 per ton) and Ukraine ($342 per ton), while the price for Germany ($245 per ton) and Russia ($293 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Other than Seed in Italy (FOB) - 2023
In July 2023, the average export price for cereals; grain sorghum, other than seeds amounted to $513 per ton, shrinking by -2.9% against the previous month. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in June 2023 an increase of 11% month-to-month. The export price peaked at $1,546 per ton in October 2022; however, from November 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($1,427 per ton), while the average price for exports to Belgium ($445 per ton) was amongst the lowest.
From October 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Grain Sorghum, Other than Seed in Italy
In 2022, the amount of cereals; grain sorghum, other than seeds imported into Italy soared to 60K tons, rising by 61% on 2021 figures. Overall, imports continue to indicate noticeable growth.
In value terms, imports of cereals; grain sorghum, other than seeds skyrocketed to $18M in 2022. In general, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Grain Sorghum, Other than Seed in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 2.1 | 9.2 | 5.7 | 6.0 | 41.9% |
| Russia | N/A | N/A | N/A | 4.3 | 0% |
| France | 0.9 | 1.4 | 1.2 | 2.2 | 34.7% |
| Ukraine | 4.1 | 5.2 | N/A | 2.1 | -20.0% |
| Romania | 1.2 | 0.6 | 0.3 | 1.3 | 2.7% |
| Germany | N/A | N/A | 0.5 | 1.3 | 160.0% |
| Austria | 0.1 | 0.1 | 0.4 | 0.8 | 100.0% |
| United States | 7.1 | 0.1 | 0.1 | N/A | -88.1% |
| Others | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Total | 15.5 | 16.6 | 8.4 | 18.2 | 5.5% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Italy in 2022:
- Hungary (19.4K tons)
- Russia (14.8K tons)
- France (7.4K tons)
- Ukraine (6.2K tons)
- Germany (5.2K tons)
- Romania (4.1K tons)
- Austria (2.2K tons)
Exports of Cereals; Grain Sorghum, Other than Seed in Italy
In 2022, after three years of growth, there was significant decline in shipments abroad of cereals; grain sorghum, other than seeds, when their volume decreased by -17.3% to 401 tons. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 47%.
In value terms, exports of cereals; grain sorghum, other than seeds surged to $515K in 2022. Overall, exports, however, enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Other than Seed in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 6.0 | 4.4 | 3.5 | 154 | 195.0% |
| Austria | N/A | 7.9 | 0.2 | 107 | 268.0% |
| Netherlands | 55.2 | 41.8 | 69.1 | 86.9 | 16.3% |
| Germany | 72.8 | 37.9 | 65.0 | 38.5 | -19.1% |
| Portugal | 0.1 | 0.1 | 0.1 | 35.9 | 610.7% |
| Czech Republic | N/A | N/A | 46.7 | 27.0 | -42.2% |
| Hungary | N/A | N/A | N/A | 25.4 | 0% |
| Spain | 83.2 | 37.1 | 0.2 | 6.6 | -57.0% |
| Denmark | 15.1 | 15.0 | 8.9 | 4.6 | -32.7% |
| France | 15.7 | 72.4 | 80.6 | 3.8 | -37.7% |
| Others | 0.7 | 7.4 | 8.9 | 25.1 | 229.8% |
| Total | 249 | 224 | 283 | 515 | 27.4% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Italy in 2022:
- Belgium (94.0 tons)
- Netherlands (78.1 tons)
- Germany (67.5 tons)
- Austria (67.1 tons)
- Czech Republic (24.0 tons)
- Portugal (21.0 tons)
- Hungary (15.5 tons)
- France (11.0 tons)
- Denmark (4.0 tons)
- Spain (3.1 tons)
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