Price for Cereals; Grain Sorghum, Seed in Ecuador - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Ecuador (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Ecuador
Price for Cereals; Grain Sorghum, Seed in Ecuador (CIF) - 2022
In 2022, the average cereals; grain sorghum, seed import price amounted to $5,870 per ton, jumping by 90% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; grain sorghum, seed import price increased by +114.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Bolivia.
From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to +209.2% per year.
Imports of Cereals; Grain Sorghum, Seed in Ecuador
For the third consecutive year, Ecuador recorded decline in overseas purchases of cereals; grain sorghum, seeds, which decreased by -77.6% to 100 kg in 2022. Over the period under review, imports showed a dramatic setback. The smallest decline of -43.8% was in 2021.
In value terms, cereals; grain sorghum, seed imports contracted dramatically to $587 in 2022. Overall, imports saw a dramatic downturn. The smallest decline of -36.5% was in 2021.
| Import of Cereals; Grain Sorghum, Seed in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | N/A | 0.1 | N/A | 0.6 | 144.9% |
| Argentina | 6.9 | 0.9 | 1.4 | N/A | -55.0% |
| United States | N/A | 1.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.9 | 2.2 | 1.4 | 0.6 | -55.7% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Ecuador in 2022:
- Bolivia (100.0 kg)
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This report provides an in-depth analysis of the sorghum market in Ecuador.
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This report provides an in-depth analysis of the sorghum market in Ecuador.
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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.
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Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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Explore the top import markets for cereal around the world, including China, Japan, Mexico, Spain, Egypt, South Korea, Italy, Turkey, Algeria, and Indonesia. Discover key statistics and market insights from the IndexBox platform.
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Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
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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.
1316
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.
