Price for Cereals; Grain Sorghum, Seed in Canada - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Canada (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in Canada (FOB) - 2023
- Imports of Cereals; Grain Sorghum, Seed in Canada
- Exports of Cereals; Grain Sorghum, Seed in Canada
Price for Cereals; Grain Sorghum, Seed in Canada (CIF) - 2022
In 2022, the average cereals; grain sorghum, seed import price amounted to $211 per ton, dropping by -9.2% against the previous year. Over the period under review, the import price showed a noticeable slump. The pace of growth appeared the most rapid in 2021 an increase of 21% against the previous year. The import price peaked at $333 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($217 per ton), while the price for the United States amounted to $211 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.9%).
Price for Cereals; Grain Sorghum, Seed in Canada (FOB) - 2023
The average cereals; grain sorghum, seed export price stood at $242 per ton in January 2023, standing approximately at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $1,108 per ton in November 2022; however, from December 2022 to January 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From February 2022 to January 2023, the rate of growth in terms of prices for China amounted to -0.7% per month.
Imports of Cereals; Grain Sorghum, Seed in Canada
In 2022, after three years of growth, there was significant decline in overseas purchases of cereals; grain sorghum, seeds, when their volume decreased by -33.5% to 1.3K tons. In general, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year.
In value terms, cereals; grain sorghum, seed imports dropped markedly to $275K in 2022. Overall, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of $455K, and then dropped rapidly in the following year.
| Import of Cereals; Grain Sorghum, Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 247 | 331 | 440 | 260 | 1.7% |
| India | 3.9 | 0.2 | 2.1 | 10.7 | 40.0% |
| Others | 4.7 | 3.1 | 13.3 | 4.1 | -4.5% |
| Total | 256 | 334 | 455 | 275 | 2.4% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Canada in 2022:
- United States (1232.0 tons)
- India (49.2 tons)
Exports of Cereals; Grain Sorghum, Seed in Canada
In 2022, approx. 467 tons of cereals; grain sorghum, seeds were exported from Canada; growing by 64% against the previous year. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 363,068%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; grain sorghum, seed exports surged to $124K in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 169,114%. As a result, the exports reached the peak of $196K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Grain Sorghum, Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 63.1 | 40.4 | 113 | 33.8% |
| United States | 0.1 | 30.0 | 9.8 | 9.4 | 354.7% |
| South Korea | N/A | N/A | 38.0 | N/A | 0% |
| Sudan | N/A | 103 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.1 | 0% |
| Total | 0.1 | 196 | 88.2 | 124 | 974.3% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Canada in 2022:
- China (454.0 tons)
- United States (8.2 tons)
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