Price for Cereals; Grain Sorghum, Seed in Belgium - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Belgium (CIF) - 2023
- Price for Cereals; Grain Sorghum, Seed in Belgium (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Belgium
- Exports of Cereals; Grain Sorghum, Seed in Belgium
Price for Cereals; Grain Sorghum, Seed in Belgium (CIF) - 2023
The average cereals; grain sorghum, seed import price stood at $446 per ton in May 2023, approximately equating the previous month. In general, import price indicated a notable increase from May 2022 to May 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, cereals; grain sorghum, seed import price increased by +6.6% against March 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 18% m-o-m. The import price peaked at $501 per ton in January 2023; however, from February 2023 to May 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was the Netherlands ($495 per ton), while the price for France amounted to $422 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Seed in Belgium (FOB) - 2022
The average cereals; grain sorghum, seed export price stood at $495 per ton in 2022, with an increase of 23% against the previous year. Overall, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 139% against the previous year. As a result, the export price reached the peak level of $970 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,783 per ton), while the average price for exports to the Netherlands ($477 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 France (+10.0%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Grain Sorghum, Seed in Belgium
In 2022, approx. 6.5K tons of cereals; grain sorghum, seeds were imported into Belgium; growing by 19% on the previous year. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +26.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 58% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, cereals; grain sorghum, seed imports skyrocketed to $2.3M in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 71%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Cereals; Grain Sorghum, Seed in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 448 | 615 | 974 | 1,699 | 55.9% |
| Netherlands | 376 | 636 | 539 | 466 | 7.4% |
| Italy | N/A | N/A | N/A | 140 | 0% |
| Others | 41.9 | 234 | 100 | 0.1 | -86.6% |
| Total | 866 | 1,485 | 1,613 | 2,305 | 38.6% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Belgium in 2022:
- France (4.8K tons)
- Netherlands (1.4K tons)
- Italy (0.3K tons)
Exports of Cereals; Grain Sorghum, Seed in Belgium
In 2022, shipments abroad of cereals; grain sorghum, seeds decreased by -44.1% to 125 tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 322% against the previous year. As a result, the exports reached the peak of 302 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; grain sorghum, seed exports reduced markedly to $62K in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 910% against the previous year. As a result, the exports reached the peak of $293K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Grain Sorghum, Seed in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 20.8 | 30.8 | 80.1 | 54.8 | 38.1% |
| Malta | 4.8 | 1.1 | 4.8 | 2.7 | -17.5% |
| France | 0.1 | 259 | 2.6 | 1.1 | 122.4% |
| Others | 3.3 | 2.2 | 2.7 | 3.3 | 0.0% |
| Total | 29.0 | 293 | 90.3 | 61.8 | 28.7% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Belgium in 2022:
- Netherlands (114.8 tons)
- Malta (4.7 tons)
- France (0.6 tons)
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