Price for Cereals; Grain Sorghum, Seed in Jordan - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Jordan (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Jordan
Price for Cereals; Grain Sorghum, Seed in Jordan (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $1,881 per ton in 2022, with an increase of 77% against the previous year. Overall, the import price showed a strong increase. The growth pace was the most rapid in 2017 an increase of 78% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to +96.7% per year.
Imports of Cereals; Grain Sorghum, Seed in Jordan
In 2022, the amount of cereals; grain sorghum, seeds imported into Jordan shrank markedly to 9.2 tons, which is down by -30.9% compared with 2021. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of 13 tons, and then reduced remarkably in the following year.
In value terms, cereals; grain sorghum, seed imports skyrocketed to $17K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Cereals; Grain Sorghum, Seed in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.7 | 4.1 | 6.9 | 17.3 | 44.8% |
| India | 6.4 | 5.6 | 7.2 | N/A | 6.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.1 | 9.6 | 14.1 | 17.3 | 12.7% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Jordan in 2022:
- United States (9.2 tons)
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This report provides an in-depth analysis of the sorghum market in Jordan.
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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.
