Price for Cereals; Grain Sorghum, Seed in Colombia - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Colombia (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Colombia
Price for Cereals; Grain Sorghum, Seed in Colombia (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $2,855 per ton in 2022, which is down by -8.2% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 58%. As a result, import price reached the peak level of $6,067 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($3,890 per ton), while the price for the United States totaled $2,509 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-1.2%).
Imports of Cereals; Grain Sorghum, Seed in Colombia
In 2022, after three years of growth, there was significant decline in purchases abroad of cereals; grain sorghum, seeds, when their volume decreased by -14.3% to 36 tons. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 1,410%.
In value terms, cereals; grain sorghum, seed imports shrank significantly to $103K in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 499%.
| Import of Cereals; Grain Sorghum, Seed in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.1 | 24.9 | 80.3 | 72.6 | 93.0% |
| Argentina | 1.7 | 39.7 | 48.3 | 26.8 | 150.7% |
| Others | 0.8 | 10.4 | 2.2 | 3.5 | 63.6% |
| Total | 12.5 | 75.1 | 131 | 103 | 102.0% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Colombia in 2022:
- United States (28.9 tons)
- Argentina (6.9 tons)
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This report provides an in-depth analysis of the sorghum market in Colombia.
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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.
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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.
