Price for Cereals; Grain Sorghum, Other than Seed in Portugal - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Portugal (CIF) - 2023
- Price for Cereals; Grain Sorghum, Other than Seed in Portugal (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Portugal
- Exports of Cereals; Grain Sorghum, Other than Seed in Portugal
Price for Cereals; Grain Sorghum, Other than Seed in Portugal (CIF) - 2023
In August 2023, the average import price for cereals; grain sorghum, other than seeds amounted to $384 per ton, flattening at the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 16% against the previous month. As a result, import price reached the peak level of $452 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was France ($392 per ton), while the price for Spain stood at $354 per ton.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Other than Seed in Portugal (FOB) - 2022
The average export price for cereals; grain sorghum, other than seeds stood at $264 per ton in 2022, with an increase of 6.7% against the previous year. Overall, the export price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 859% against the previous year. As a result, the export price reached the peak level of $2,095 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2013 to 2022, the rate of growth in terms of prices for Spain amounted to +7.4% per year.
Imports of Cereals; Grain Sorghum, Other than Seed in Portugal
In 2022, overseas purchases of cereals; grain sorghum, other than seeds decreased by -16% to 4.4K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of 5.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cereals; grain sorghum, other than seeds totaled $1.5M in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 19%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Cereals; Grain Sorghum, Other than Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 372 | 468 | 535 | 1,008 | 39.4% |
| Spain | 719 | 834 | 720 | 352 | -21.2% |
| Ukraine | N/A | N/A | N/A | 47.2 | 0% |
| Poland | N/A | N/A | 0.1 | 24.9 | 24800.0% |
| Others | 13.9 | 7.2 | 166 | 65.0 | 67.2% |
| Total | 1,105 | 1,310 | 1,421 | 1,497 | 10.7% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Portugal in 2022:
- France (3008.4 tons)
- Spain (1051.0 tons)
- Ukraine (124.3 tons)
- Poland (74.1 tons)
Exports of Cereals; Grain Sorghum, Other than Seed in Portugal
In 2022, the amount of cereals; grain sorghum, other than seeds exported from Portugal soared to 77 tons, growing by 39,627% compared with the previous year's figure. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; grain sorghum, other than seeds skyrocketed to $20K in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Other than Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.1 | 6.3 | N/A | 20.3 | 487.7% |
| Angola | 1.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 6.3 | N/A | 20.3 | 149.9% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Portugal in 2022:
- Spain (77.1 tons)
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