Price for Cereals; Grain Sorghum, Seed in Bolivia - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Bolivia (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in Bolivia (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Bolivia
- Exports of Cereals; Grain Sorghum, Seed in Bolivia
Price for Cereals; Grain Sorghum, Seed in Bolivia (CIF) - 2022
In 2022, the average cereals; grain sorghum, seed import price amounted to $2,071 per ton, reducing by -36.4% against the previous year. Over the period under review, the import price showed a mild slump. The growth pace was the most rapid in 2013 when the average import price increased by 32% against the previous year. The import price peaked at $3,432 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,064 per ton), while the price for Brazil ($2,064 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-1.5%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Grain Sorghum, Seed in Bolivia (FOB) - 2022
The average cereals; grain sorghum, seed export price stood at $4,253 per ton in 2022, with a decrease of -12.7% against the previous year. In general, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 45%. The export price peaked at $4,869 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($6,640 per ton), while the average price for exports to Argentina ($4,095 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 Angola (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Seed in Bolivia
After two years of decline, purchases abroad of cereals; grain sorghum, seeds increased by 131% to 5K tons in 2022. Over the period under review, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; grain sorghum, seed imports skyrocketed to $10M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Cereals; Grain Sorghum, Seed in Bolivia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4.2 | 5.2 | 5.1 | 7.4 | 20.8% |
Brazil | 0.9 | 2.4 | 0.1 | 1.5 | 18.6% |
Argentina | 3.3 | 1.7 | 1.5 | 1.3 | -26.7% |
Others | N/A | 0.3 | 0.3 | N/A | 0.0% |
Total | 8.5 | 9.5 | 7.0 | 10.3 | 6.6% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Bolivia in 2022:
- United States (3.6K tons)
- Brazil (0.7K tons)
- Argentina (0.6K tons)
Exports of Cereals; Grain Sorghum, Seed in Bolivia
In 2022, overseas shipments of cereals; grain sorghum, seeds decreased by -16.5% to 234 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 45%. As a result, the exports reached the peak of 599 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; grain sorghum, seed exports declined dramatically to $996K in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, the exports attained the peak of $2.6M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Cereals; Grain Sorghum, Seed in Bolivia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 7.0 | 61.6 | 149 | 713 | 367.0% |
Brazil | 1,487 | 2,272 | 973 | 222 | -47.0% |
Angola | 44.0 | 72.8 | 55.3 | 61.0 | 11.5% |
Paraguay | 358 | 166 | 183 | N/A | -28.5% |
Others | N/A | 0.1 | 6.3 | 0.1 | 0.0% |
Total | 1,896 | 2,572 | 1,367 | 996 | -19.3% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Bolivia in 2022:
- Argentina (174.0 tons)
- Brazil (50.9 tons)
- Angola (9.2 tons)
This report provides an in-depth analysis of the sorghum market in Bolivia.
This report provides an in-depth analysis of the cereal market in Bolivia.
This report provides an in-depth analysis of the grain market in Bolivia.
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 Bolivia.
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.