Price for Cereals; Grain Sorghum, Seed in the Philippines - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in the Philippines (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in the Philippines
Price for Cereals; Grain Sorghum, Seed in the Philippines (CIF) - 2022
In 2022, the average cereals; grain sorghum, seed import price amounted to $731 per ton, growing by 4.3% against the previous year. Overall, the import price enjoyed a significant increase. The growth pace was the most rapid in 2020 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,047 per ton), while the price for Australia stood at $728 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+41.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Seed in the Philippines
In 2022, overseas purchases of cereals; grain sorghum, seeds decreased by -71.5% to 1.5K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 220%. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereals; grain sorghum, seed imports fell remarkably to $1.1M in 2022. In general, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 382%. As a result, imports attained the peak of $8.2M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Cereals; Grain Sorghum, Seed in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 0.7 | 7.3 | 2.9 | 1.1 | 16.3% |
Thailand | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
Myanmar | 0.2 | N/A | N/A | N/A | 0% |
Ukraine | 0.4 | 0.7 | 0.6 | N/A | 22.5% |
Others | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
Total | 1.7 | 8.2 | 3.6 | 1.1 | -13.5% |
Top Suppliers of Cereals; Grain Sorghum, Seed to the Philippines in 2022:
- Australia (1447.7 tons)
This report provides an in-depth analysis of the sorghum market in the Philippines.
This report provides an in-depth analysis of the cereal market in the Philippines.
This report provides an in-depth analysis of the grain market in the Philippines.
This report provides an in-depth analysis of the global sorghum market.
This report provides an in-depth analysis of the global cereal market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the sorghum market in the Philippines.
This report provides an in-depth analysis of the global sorghum market.
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.
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.
Global sorghum consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
Global sorghum exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
Baijiu (pronounced "bye-joe") is a Chinese fermented sorghum spirit that is often mixed with glutinous rice, millet, wheat, or corn. A staple alcoholic beverage in China, baijiu liquor will soon be splashing into the U.S. market.
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.
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.
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.
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.