Price for Cereals; Grain Sorghum, Seed in Australia - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Australia (FOB) - 2022
- Exports of Cereals; Grain Sorghum, Seed in Australia
Price for Cereals; Grain Sorghum, Seed in Australia (FOB) - 2022
The average cereals; grain sorghum, seed export price stood at $927 per ton in 2022, rising by 29% against the previous year. Overall, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 162% against the previous year. As a result, the export price reached the peak level of $1,815 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($3,805 per ton), while the average price for exports to China ($267 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 South Africa (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Cereals; Grain Sorghum, Seed in Australia
In 2022, the amount of cereals; grain sorghum, seeds exported from Australia skyrocketed to 13K tons, with an increase of 229% against the year before. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 3,620% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, cereals; grain sorghum, seed exports surged to $12M in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,155% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Cereals; Grain Sorghum, Seed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.7 | 62.2 | 30.2 | 8,050 | 2157.2% |
| China | 9.0 | 295 | 155 | 2,623 | 563.0% |
| New Zealand | 2.3 | 38.1 | 57.2 | 238 | 369.5% |
| United Arab Emirates | 2.5 | 89.5 | 80.0 | N/A | 465.7% |
| Others | 95.6 | 1,999 | 2,426 | 728 | 96.7% |
| Total | 110 | 2,483 | 2,748 | 11,639 | 373.0% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Australia in 2022:
- China (9.8K tons)
- Japan (2.1K tons)
- New Zealand (0.4K tons)
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