Price for Cereals; Grain Sorghum, Other than Seed in the United States - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in the United States (FOB) - 2023
- Price for Cereals; Grain Sorghum, Other than Seed in the United States (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in the United States
- Imports of Cereals; Grain Sorghum, Other than Seed in the United States
Price for Cereals; Grain Sorghum, Other than Seed in the United States (FOB) - 2023
In September 2023, the average export price for cereals; grain sorghum, other than seeds amounted to $277 per ton, growing by 11% against the previous month. In general, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 18% against the previous month. As a result, the export price attained the peak level of $398 per ton. From April 2023 to September 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In September 2023, the country with the highest price was China ($277 per ton), while the average price for exports to Mexico stood at $238 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-3.5%).
Price for Cereals; Grain Sorghum, Other than Seed in the United States (CIF) - 2022
The average import price for cereals; grain sorghum, other than seeds stood at $900 per ton in 2022, growing by 109% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 UK ($3,126 per ton), while the price for India ($460 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Grain Sorghum, Other than Seed in the United States
In 2022, overseas shipments of cereals; grain sorghum, other than seeds decreased by -2.7% to 6.2M tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 133% against the previous year. As a result, the exports attained the peak of 6.6M 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 rose significantly to $2.1B in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 158%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Cereals; Grain Sorghum, Other than Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 191 | 1,145 | 1,781 | 1,813 | 111.7% |
| Mexico | 124 | 51.1 | 44.6 | 108 | -4.5% |
| Spain | 65.6 | N/A | N/A | 44.2 | -12.3% |
| Sudan | 22.5 | 17.4 | 38.2 | 43.3 | 24.4% |
| Japan | 43.5 | 46.3 | 0.1 | 7.8 | -43.6% |
| Others | 80.9 | 102 | 64.6 | 126 | 15.9% |
| Total | 527 | 1,362 | 1,929 | 2,142 | 59.6% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from the United States in 2022:
- China (5.2M tons)
- Mexico (0.4M tons)
- Sudan (0.1M tons)
- Spain (0.1M tons)
Imports of Cereals; Grain Sorghum, Other than Seed in the United States
In 2022, imports of cereals; grain sorghum, other than seeds into the United States reduced notably to 161 tons, which is down by -55.6% against 2021 figures. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 231%. As a result, imports reached the peak of 362 tons, and then declined remarkably in the following year.
In value terms, imports of cereals; grain sorghum, other than seeds shrank to $145K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 88% against the previous year. As a result, imports reached the peak of $156K, and then dropped in the following year.
| Import of Cereals; Grain Sorghum, Other than Seed in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 56.7 | 38.8 | 19.0 | 40.9 | -10.3% |
| Canada | 22.2 | 10.1 | 19.1 | 36.3 | 17.8% |
| India | 33.2 | N/A | 20.5 | 30.5 | -2.8% |
| United Kingdom | N/A | N/A | N/A | 18.3 | 0% |
| Haiti | N/A | N/A | N/A | 12.0 | 0% |
| Rwanda | N/A | 14.5 | 13.5 | N/A | -6.9% |
| Mexico | N/A | N/A | 54.1 | N/A | 0% |
| Others | 5.4 | 19.5 | 29.7 | 6.8 | 8.0% |
| Total | 117 | 82.9 | 156 | 145 | 7.4% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to the United States in 2022:
- India (66.3 tons)
- Canada (37.1 tons)
- China (34.3 tons)
- Haiti (16.0 tons)
- United Kingdom (5.8 tons)
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