Price for Cereals; Grain Sorghum, Other than Seed in Singapore - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Singapore (FOB) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Singapore (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in Singapore
- Imports of Cereals; Grain Sorghum, Other than Seed in Singapore
Price for Cereals; Grain Sorghum, Other than Seed in Singapore (FOB) - 2022
In 2022, the average export price for cereals; grain sorghum, other than seeds amounted to $1,768 per ton, growing by 33% against the previous year. In general, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 131%. The export price peaked at $7,300 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($1,250 per ton), while the average price for exports to Vietnam ($966 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+22.3%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Grain Sorghum, Other than Seed in Singapore (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $1,388 per ton, picking up by 24% against the previous year. Overall, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 172% against the previous year. As a result, import price attained the peak level of $2,565 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
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 United States ($4,171 per ton), while the price for India ($667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Grain Sorghum, Other than Seed in Singapore
In 2022, exports of cereals; grain sorghum, other than seeds from Singapore skyrocketed to 12 tons, rising by 604% compared with 2021 figures. In general, exports continue to indicate significant growth. As a result, the exports reached 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 $21K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Other than Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 6.6 | 0% |
| Vietnam | 0.8 | 0.5 | N/A | 5.2 | 86.6% |
| Papua New Guinea | 0.5 | N/A | N/A | 0.5 | 0.0% |
| Malaysia | 0.9 | 1.6 | 1.8 | N/A | 41.4% |
| Others | N/A | N/A | 0.4 | 8.4 | 2000.0% |
| Total | 2.2 | 2.2 | 2.2 | 20.7 | 111.1% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Singapore in 2022:
- China (6.0 tons)
- Vietnam (5.3 tons)
- Papua New Guinea (0.4 tons)
Imports of Cereals; Grain Sorghum, Other than Seed in Singapore
After three years of growth, overseas purchases of cereals; grain sorghum, other than seeds decreased by -9.3% to 6.6 tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.3% 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 +61.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year.
In value terms, imports of cereals; grain sorghum, other than seeds expanded rapidly to $9.2K in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 308%. As a result, imports reached the peak of $16K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cereals; Grain Sorghum, Other than Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.1 | 3.6 | 5.1 | 6.5 | 45.7% |
| India | 1.3 | 1.0 | 2.2 | 1.5 | 4.9% |
| United States | N/A | 10.6 | 0.5 | 0.7 | -74.3% |
| Malaysia | 0.4 | 0.4 | 0.1 | 0.4 | 0.0% |
| Others | N/A | 0.2 | 0.3 | N/A | 50.0% |
| Total | 3.9 | 15.7 | 8.1 | 9.2 | 33.1% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Singapore in 2022:
- China (4.0 tons)
- India (2.3 tons)
- United States (0.2 tons)
- Malaysia (0.1 tons)
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