Price for Cereals; Grain Sorghum, Seed in South Korea - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in South Korea (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in South Korea
Price for Cereals; Grain Sorghum, Seed in South Korea (CIF) - 2022
In 2022, the average cereals; grain sorghum, seed import price amounted to $1,545 per ton, increasing by 85% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The import price peaked at $5,800 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($9,505 per ton), while the price for India ($1,273 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-8.8%), while the prices for the other major suppliers experienced a decline.
Imports of Cereals; Grain Sorghum, Seed in South Korea
In 2022, approx. 810 tons of cereals; grain sorghum, seeds were imported into South Korea; waning by -52.4% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 182%. As a result, imports attained the peak of 1.7K tons, and then shrank sharply in the following year.
In value terms, cereals; grain sorghum, seed imports shrank to $1.3M in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year.
| Import of Cereals; Grain Sorghum, Seed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,214 | 812 | 667 | 894 | -9.7% |
| China | 79.6 | 110 | 146 | 196 | 35.0% |
| United States | 208 | 139 | 115 | 142 | -11.9% |
| Canada | N/A | N/A | 475 | N/A | 0% |
| Others | 33.3 | 20.6 | 16.6 | 19.7 | -16.1% |
| Total | 1,535 | 1,082 | 1,420 | 1,251 | -6.6% |
Top Suppliers of Cereals; Grain Sorghum, Seed to South Korea in 2022:
- India (702.4 tons)
- China (90.9 tons)
- United States (14.9 tons)
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