Price for Cereals; Grain Sorghum, Other than Seed in Australia - 2024
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Australia (FOB) - 2024
- Price for Cereals; Grain Sorghum, Other than Seed in Australia (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in Australia
- Imports of Cereals; Grain Sorghum, Other than Seed in Australia
Price for Cereals; Grain Sorghum, Other than Seed in Australia (FOB) - 2024
In August 2023, the average export price for cereals; grain sorghum, other than seeds amounted to $286 per ton, shrinking by -12.6% against the previous month. Overall, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 13% against the previous month. The export price peaked at $379 per ton in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In August 2023, the country with the highest price was Japan ($341 per ton), while the average price for exports to China amounted to $278 per ton.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.9%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Grain Sorghum, Other than Seed in Australia (CIF) - 2022
The average import price for cereals; grain sorghum, other than seeds stood at $3,457 per ton in 2022, growing by 79% against the previous year. Overall, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue 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 2015 to 2022, the rate of growth in terms of prices for India amounted to +18.6% per year.
Exports of Cereals; Grain Sorghum, Other than Seed in Australia
For the fourth year in a row, Australia recorded growth in shipments abroad of cereals; grain sorghum, other than seeds, which increased by 37% to 2.2M tons in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 805%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of cereals; grain sorghum, other than seeds surged to $718M in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 899%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Cereals; Grain Sorghum, Other than Seed in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.5 | 34.6 | 384 | 617 | 197.2% |
| Japan | 0.3 | 0.2 | 37.7 | 64.4 | 498.8% |
| Taiwan (Chinese) | 1.7 | 1.4 | 10.9 | 13.5 | 99.5% |
| New Zealand | N/A | N/A | N/A | 12.4 | 0% |
| Others | 2.5 | 10.6 | 35.6 | 11.0 | 63.9% |
| Total | 28.0 | 46.8 | 468 | 718 | 194.9% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Australia in 2022:
- China (1878.1K tons)
- Japan (191.9K tons)
- Taiwan (Chinese) (36.7K tons)
- New Zealand (35.1K tons)
Imports of Cereals; Grain Sorghum, Other than Seed in Australia
Imports of cereals; grain sorghum, other than seeds into Australia soared to 26 tons in 2022, jumping by 3,830% on the previous year's figure. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereals; grain sorghum, other than seeds surged to $89K in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Grain Sorghum, Other than Seed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | N/A | N/A | 88.6 | 0% | |
| China | 1.5 | 0.7 | N/A | -53.3% | |
| Others | 0.3 | 0.6 | N/A | 100.0% | |
| Total | 1.8 | 1.3 | 88.6 | 601.6% | |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Australia in 2022:
- United States (25.6 tons)
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