Price for Cereals; Grain Sorghum, Other than Seed in Ethiopia - 2022
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Ethiopia (CIF) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Ethiopia (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Ethiopia
- Exports of Cereals; Grain Sorghum, Other than Seed in Ethiopia
Price for Cereals; Grain Sorghum, Other than Seed in Ethiopia (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $239 per ton, with a decrease of -17.1% against the previous year. Over the period under review, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2019 an increase of 19%. Over the period under review, average import prices hit record highs at $288 per ton in 2021, and then declined remarkably in the following year.
As there is only one major supplying country, 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 +8.3% per year.
Price for Cereals; Grain Sorghum, Other than Seed in Ethiopia (FOB) - 2022
The average export price for cereals; grain sorghum, other than seeds stood at $700 per ton in 2022, picking up by 90% against the previous year. Overall, the export price posted a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for South Sudan.
From 2012 to 2022, the rate of growth in terms of prices for South Sudan amounted to +11.0% per year.
Imports of Cereals; Grain Sorghum, Other than Seed in Ethiopia
In 2022, imports of cereals; grain sorghum, other than seeds into Ethiopia surged to 32K tons, growing by 93% compared with 2021. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereals; grain sorghum, other than seeds skyrocketed to $7.5M in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 96%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Cereals; Grain Sorghum, Other than Seed in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 1.3 | 3.4 | 7.5 | 132.1% |
| Italy | 0.7 | 1.1 | 1.3 | N/A | 36.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 2.4 | 4.7 | 7.5 | 84.2% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Ethiopia in 2022:
- United States (31.6K tons)
Exports of Cereals; Grain Sorghum, Other than Seed in Ethiopia
In 2022, shipments abroad of cereals; grain sorghum, other than seeds increased by 3,253% to 5.7K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; grain sorghum, other than seeds soared to $4M in 2022. Over the period under review, exports continue to indicate significant growth. 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 Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 0.1 | 0.1 | 0.1 | 4.0 | 242.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | 0.1 | 0.1 | 4.0 | 242.0% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Ethiopia in 2022:
- South Sudan (5.7K tons)
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