Price for Cereals; Grain Sorghum, Other than Seed in Canada - 2024
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Canada (CIF) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Canada (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Canada
- Exports of Cereals; Grain Sorghum, Other than Seed in Canada
Price for Cereals; Grain Sorghum, Other than Seed in Canada (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $336 per ton, surging by 30% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 45%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 India ($517 per ton), while the price for the United States stood at $331 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%).
Price for Cereals; Grain Sorghum, Other than Seed in Canada (FOB) - 2022
The average export price for cereals; grain sorghum, other than seeds stood at $993 per ton in 2022, picking up by 17% against the previous year. Over the period under review, the export price saw a noticeable increase. The growth pace was the most rapid in 2021 an increase of 151%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, 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 the United States amounted to +3.1% per year.
Imports of Cereals; Grain Sorghum, Other than Seed in Canada
In 2022, purchases abroad of cereals; grain sorghum, other than seeds decreased by -23.8% to 5.8K tons, falling for the second consecutive year after two years of growth. In general, imports, however, saw a mild expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 44%. As a result, imports reached the peak of 8.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cereals; grain sorghum, other than seeds dropped to $1.9M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.1% 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 +86.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year.
| Import of Cereals; Grain Sorghum, Other than Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 968 | 1,330 | 1,773 | 1,824 | 23.5% |
| India | 37.7 | 82.0 | 94.5 | 82.7 | 29.9% |
| Others | 35.3 | 23.4 | 84.5 | 32.7 | -2.5% |
| Total | 1,041 | 1,435 | 1,952 | 1,939 | 23.0% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Canada in 2022:
- United States (5.5K tons)
- India (0.2K tons)
Exports of Cereals; Grain Sorghum, Other than Seed in Canada
In 2022, the amount of cereals; grain sorghum, other than seeds exported from Canada surged to 37 tons, jumping by 63% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 72%. As a result, the exports reached the peak of 64 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereals; grain sorghum, other than seeds surged to $37K in 2022. In general, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Other than Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.2 | 10.0 | 19.3 | 36.8 | 18.3% |
| South Korea | N/A | 11.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 22.2 | 21.6 | 19.3 | 36.8 | 18.3% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Canada in 2022:
- United States (37.1 tons)
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