Price for Cereals; Grain Sorghum, Other than Seed in Thailand - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Thailand (FOB) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Thailand (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in Thailand
- Imports of Cereals; Grain Sorghum, Other than Seed in Thailand
Price for Cereals; Grain Sorghum, Other than Seed in Thailand (FOB) - 2022
In 2022, the average export price for cereals; grain sorghum, other than seeds amounted to $378 per ton, with an increase of 9.3% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereals; grain sorghum, other than seeds increased by +77.3% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 81% against the previous year. As a result, the export price reached the peak level of $402 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($388 per ton), while the average price for exports to the Philippines amounted to $376 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+13.1%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Grain Sorghum, Other than Seed in Thailand (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $1,872 per ton, almost unchanged from the previous year. Over the period under review, the import price posted significant growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 328% against the previous year. As a result, import price attained the peak level of $4,495 per ton. From 2019 to 2022, the average import prices remained at a 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 India ($6,000 per ton), while the price for Myanmar amounted to $1,861 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by India (+45.4%).
Exports of Cereals; Grain Sorghum, Other than Seed in Thailand
Exports of cereals; grain sorghum, other than seeds from Thailand skyrocketed to 1.4K tons in 2022, with an increase of 26% compared with the year before. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 115%. As a result, the exports attained the peak of 1.9K 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 soared to $515K in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 140%. As a result, the exports reached the peak of $628K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cereals; Grain Sorghum, Other than Seed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 215 | 572 | 367 | 447 | 27.6% |
| Taiwan (Chinese) | N/A | N/A | N/A | 67.9 | 0% |
| Japan | 47.5 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | 47.8 | N/A | N/A | 0% |
| Others | N/A | 7.8 | 7.8 | N/A | 0.0% |
| Total | 262 | 628 | 374 | 515 | 25.3% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Thailand in 2022:
- Philippines (1189.0 tons)
- Taiwan (Chinese) (175.0 tons)
Imports of Cereals; Grain Sorghum, Other than Seed in Thailand
In 2022, imports of cereals; grain sorghum, other than seeds into Thailand amounted to 1.6 tons, stabilizing at the year before. Over the period under review, imports continue to indicate a abrupt curtailment. The smallest decline of 99.9% was in 2021.
In value terms, imports of cereals; grain sorghum, other than seeds stood at $2.9K in 2022. Overall, imports recorded significant growth. The smallest decline of 99.9% was in 2021. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Grain Sorghum, Other than Seed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Myanmar | N/A | N/A | 2.9 | 0% | |
| Ukraine | 0.1 | N/A | N/A | 0% | |
| United States | 1.8 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1.9 | N/A | 2.9 | 23.5% | |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Thailand in 2022:
- Myanmar (1562.0 kg)
711
This report provides an in-depth analysis of the sorghum market in Thailand.
1105
This report provides an in-depth analysis of the cereal market in Thailand.
762
This report provides an in-depth analysis of the grain market in Thailand.
4233
This report provides an in-depth analysis of the global sorghum market.
3849
This report provides an in-depth analysis of the global cereal market.
4230
This report provides an in-depth analysis of the global grain market.
711
This report provides an in-depth analysis of the sorghum market in Thailand.
4233
This report provides an in-depth analysis of the global sorghum market.
315
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.
1414
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.
3908
Global sorghum consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
2835
Global sorghum exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3225
Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
1352
Baijiu (pronounced "bye-joe") is a Chinese fermented sorghum spirit that is often mixed with glutinous rice, millet, wheat, or corn. A staple alcoholic beverage in China, baijiu liquor will soon be splashing into the U.S. market.
496
Explore the top import markets for cereal around the world, including China, Japan, Mexico, Spain, Egypt, South Korea, Italy, Turkey, Algeria, and Indonesia. Discover key statistics and market insights from the IndexBox platform.
325
Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
315
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.
1414
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.
