Price for Cereals; Grain Sorghum, Other than Seed in Finland - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Finland (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Finland
Price for Cereals; Grain Sorghum, Other than Seed in Finland (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $9,279 per ton, jumping by 21% against the previous year. Over the period under review, the import price posted a significant increase. Over the period under review, average import prices hit record highs at $10,167 per ton in 2020; however, from 2021 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 Netherlands ($9,512 per ton), while the price for France ($2,000 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.7%).
Imports of Cereals; Grain Sorghum, Other than Seed in Finland
In 2022, after two years of growth, there was significant decline in purchases abroad of cereals; grain sorghum, other than seeds, when their volume decreased by -95.8% to 43 kg. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 17,117% against the previous year. As a result, imports reached the peak of 1 tons, and then contracted rapidly in the following year.
In value terms, imports of cereals; grain sorghum, other than seeds shrank sharply to $399 in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 12,902% against the previous year. As a result, imports attained the peak of $7.9K, and then dropped rapidly in the following year.
Import of Cereals; Grain Sorghum, Other than Seed in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Netherlands | 0.1 | 6.6 | 0.4 | 100.0% | |
United Kingdom | N/A | 0.7 | N/A | 0% | |
France | N/A | 0.6 | N/A | 0% | |
Italy | N/A | N/A | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 0.1 | 7.9 | 0.4 | 100.0% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Finland in 2022:
- Netherlands (41.0 kg)
- Italy (1.0 kg)
- France (1.0 kg)
This report provides an in-depth analysis of the sorghum market in Finland.
This report provides an in-depth analysis of the cereal market in Finland.
This report provides an in-depth analysis of the grain market in Finland.
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 Finland.
This report provides an in-depth analysis of the global sorghum market.
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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.