Price for Cereals; Grain Sorghum, Other than Seed in South Africa - 2024
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in South Africa (FOB) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in South Africa (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in South Africa
- Imports of Cereals; Grain Sorghum, Other than Seed in South Africa
Price for Cereals; Grain Sorghum, Other than Seed in South Africa (FOB) - 2022
In 2022, the average export price for cereals; grain sorghum, other than seeds amounted to $300 per ton, shrinking by -20.2% against the previous year. In general, the export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2017 when the average export price increased by 33%. Over the period under review, the average export prices attained the maximum at $382 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($642 per ton), while the average price for exports to Swaziland ($282 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Grain Sorghum, Other than Seed in South Africa (CIF) - 2022
The average import price for cereals; grain sorghum, other than seeds stood at $251 per ton in 2022, picking up by 15% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 68% against the previous year. As a result, import price attained the peak level of $303 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($406 per ton), while the price for Botswana ($239 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Grain Sorghum, Other than Seed in South Africa
In 2022, exports of cereals; grain sorghum, other than seeds from South Africa skyrocketed to 17K tons, jumping by 187% on the year before. In general, exports continue to indicate significant growth. 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 surged to $5.2M in 2022. Overall, exports continue to indicate a significant increase. 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 South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Botswana | 194 | 42.9 | 918 | 3,907 | 172.1% |
Swaziland | 996 | 1,087 | 1,118 | 969 | -0.9% |
Namibia | 185 | 54.7 | 114 | 189 | 0.7% |
Zimbabwe | 223 | 1,197 | N/A | 76.3 | -30.1% |
Others | 112 | 233 | 127 | 87.1 | -8.0% |
Total | 1,711 | 2,615 | 2,278 | 5,228 | 45.1% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from South Africa in 2022:
- Botswana (13.5K tons)
- Swaziland (3.4K tons)
- Namibia (0.3K tons)
Imports of Cereals; Grain Sorghum, Other than Seed in South Africa
In 2022, the amount of cereals; grain sorghum, other than seeds imported into South Africa dropped dramatically to 1K tons, shrinking by -87.6% compared with the year before. Overall, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 88%.
In value terms, imports of cereals; grain sorghum, other than seeds fell dramatically to $254K in 2022. Over the period under review, imports showed a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 122% against the previous year.
Import of Cereals; Grain Sorghum, Other than Seed in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Botswana | 358 | 773 | 1,696 | 200 | -17.6% |
Ukraine | 53.3 | 23.0 | 46.6 | 27.2 | -20.1% |
Malawi | N/A | 3.5 | 6.0 | 24.4 | 164.0% |
United States | 7,976 | N/A | N/A | N/A | 0% |
Others | 106 | 1.5 | 30.2 | 2.0 | -73.4% |
Total | 8,493 | 801 | 1,779 | 254 | -69.0% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to South Africa in 2022:
- Botswana (837.1 tons)
- Malawi (102.2 tons)
- Ukraine (66.9 tons)
This report provides an in-depth analysis of the sorghum market in South Africa.
This report provides an in-depth analysis of the cereal market in South Africa.
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This report provides an in-depth analysis of the global sorghum market.
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This report provides an in-depth analysis of the sorghum market in South Africa.
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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.
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.