Price for Cereals; Grain Sorghum, Seed in Hungary - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Hungary (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in Hungary (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Hungary
- Exports of Cereals; Grain Sorghum, Seed in Hungary
Price for Cereals; Grain Sorghum, Seed in Hungary (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $3,299 per ton in 2022, dropping by -42.5% against the previous year. Overall, the import price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2013 an increase of 65% against the previous year. The import price peaked at $5,740 per ton in 2021, and then dropped notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($4,951 per ton), while the price for Argentina ($1,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Seed in Hungary (FOB) - 2022
In 2022, the average cereals; grain sorghum, seed export price amounted to $1,717 per ton, with an increase of 5.5% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,611 per ton in 2014; however, from 2015 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 Serbia ($5,316 per ton), while the average price for exports to Slovenia ($438 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 Croatia (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Grain Sorghum, Seed in Hungary
Cereals; grain sorghum, seed imports into Hungary skyrocketed to 333 tons in 2022, with an increase of 80% against 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 88%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, cereals; grain sorghum, seed imports amounted to $1.1M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 92% against the previous year. As a result, imports reached the peak of $1.4M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cereals; Grain Sorghum, Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 414 | 1,043 | 874 | 704 | 19.4% |
| Italy | 163 | 192 | 122 | 180 | 3.4% |
| Germany | N/A | 41.3 | 34.8 | 88.5 | 46.4% |
| Argentina | N/A | 53.5 | N/A | 65.4 | 10.6% |
| United States | 23.1 | 14.6 | 1.9 | 53.8 | 32.6% |
| Turkey | 89.2 | N/A | N/A | N/A | 0% |
| Others | 18.7 | 11.8 | 31.5 | 8.0 | -24.7% |
| Total | 708 | 1,356 | 1,064 | 1,099 | 15.8% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Hungary in 2022:
- France (142.1 tons)
- Italy (74.9 tons)
- Argentina (63.0 tons)
- Germany (32.8 tons)
- United States (18.2 tons)
Exports of Cereals; Grain Sorghum, Seed in Hungary
In 2022, shipments abroad of cereals; grain sorghum, seeds decreased by -18.1% to 262 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 196% against the previous year. As a result, the exports reached the peak of 320 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; grain sorghum, seed exports declined to $450K in 2022. In general, total exports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 70%. As a result, the exports attained the peak of $695K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Grain Sorghum, Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 112 | 145 | 121 | 119 | 2.0% |
| Austria | 20.7 | 209 | 96.7 | 112 | 75.6% |
| Serbia | N/A | 29.9 | 27.3 | 81.1 | 64.7% |
| Germany | 43.9 | 34.4 | 53.5 | 39.6 | -3.4% |
| Ukraine | 8.8 | N/A | N/A | 34.4 | 57.5% |
| Moldova | 77.7 | 18.6 | 97.0 | 24.7 | -31.8% |
| Slovenia | 5.2 | 3.7 | 10.5 | 7.4 | 12.5% |
| Others | 140 | 254 | 114 | 31.9 | -38.9% |
| Total | 408 | 695 | 520 | 450 | 3.3% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Hungary in 2022:
- Austria (114.3 tons)
- Slovakia (52.1 tons)
- Ukraine (23.4 tons)
- Slovenia (16.8 tons)
- Germany (16.3 tons)
- Serbia (15.3 tons)
- Moldova (13.3 tons)
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