Price for Cereals; Grain Sorghum, Seed in Nigeria - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Nigeria (FOB) - 2022
- Exports of Cereals; Grain Sorghum, Seed in Nigeria
Price for Cereals; Grain Sorghum, Seed in Nigeria (FOB) - 2022
In 2022, the average cereals; grain sorghum, seed export price amounted to $473 per ton, which is down by -3.9% against the previous year. Over the period under review, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 577%. The export price peaked at $557 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2015 to 2022, the rate of growth in terms of prices for Ghana amounted to +154.3% per year.
Exports of Cereals; Grain Sorghum, Seed in Nigeria
In 2022, shipments abroad of cereals; grain sorghum, seeds increased by 2.6% to 20 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic slump.
In value terms, cereals; grain sorghum, seed exports dropped modestly to $9.5K in 2022. Over the period under review, exports, however, saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 3% against the previous year.
| Export of Cereals; Grain Sorghum, Seed in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 9.5 | 0% |
| Canada | N/A | N/A | 9.6 | N/A | 0% |
| Bahrain | N/A | 9.3 | N/A | N/A | 0% |
| Ghana | 652 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 652 | 9.3 | 9.6 | 9.5 | -75.6% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Nigeria in 2022:
- Netherlands (20.0 tons)
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This report provides an in-depth analysis of the sorghum market in Nigeria.
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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 consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
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Global sorghum exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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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.
1313
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.
