Price for Cereals; Grain Sorghum, Other than Seed in Iran - 2022
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Iran (CIF) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Iran (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Iran
- Exports of Cereals; Grain Sorghum, Other than Seed in Iran
Price for Cereals; Grain Sorghum, Other than Seed in Iran (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $662 per ton, dropping by -4.5% against the previous year. Over the last two-year period, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2021 an increase of 10% against the previous year. As a result, import price attained the peak level of $693 per ton, and then dropped slightly in the following year.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2020 to 2022, the rate of growth in terms of prices for India amounted to +2.6% per year.
Price for Cereals; Grain Sorghum, Other than Seed in Iran (FOB) - 2022
In 2022, the average export price for cereals; grain sorghum, other than seeds amounted to $1,324 per ton, with an increase of 6.1% against the previous year. Overall, the export price posted a prominent increase. The export price peaked at $1,762 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($1,344 per ton), while the average price for exports to Turkey stood at $1,158 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+36.7%).
Imports of Cereals; Grain Sorghum, Other than Seed in Iran
In 2022, after two years of growth, there was decline in purchases abroad of cereals; grain sorghum, other than seeds, when their volume decreased by -2.9% to 1.6K tons. The total import volume increased at an average annual rate of +1.5% from 2020 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 6.2%. As a result, imports reached the peak of 1.6K tons, and then dropped in the following year.
In value terms, imports of cereals; grain sorghum, other than seeds declined to $1M in 2022. The total import value increased at an average annual rate of +4.2% from 2020 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $1.1M, and then fell in the following year.
| Import of Cereals; Grain Sorghum, Other than Seed in Iran (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| India | 1.0 | 1.1 | 1.0 | 0.0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 1.0 | 1.1 | 1.0 | 0.0% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Iran in 2022:
- India (1.6K tons)
Exports of Cereals; Grain Sorghum, Other than Seed in Iran
In 2022, exports of cereals; grain sorghum, other than seeds from Iran was estimated at 6 tons, approximately equating the year before. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cereals; grain sorghum, other than seeds reached $7.9K in 2022. Over the period under review, exports recorded a pronounced decline.
| Export of Cereals; Grain Sorghum, Other than Seed in Iran (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Pakistan | 8.2 | 6.1 | 7.2 | -6.3% |
| Turkey | N/A | 1.4 | 0.7 | -50.0% |
| Others | 0.2 | N/A | N/A | 0% |
| Total | 8.4 | 7.5 | 7.9 | -3.0% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Iran in 2022:
- Pakistan (5.4 tons)
- Turkey (0.6 tons)
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