Price for Cereals; Grain Sorghum, Seed in Malaysia - 2021
Contents:
- Price for Cereals; Grain Sorghum, Seed in Malaysia (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in Malaysia (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Malaysia
- Exports of Cereals; Grain Sorghum, Seed in Malaysia
Price for Cereals; Grain Sorghum, Seed in Malaysia (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $659 per ton in 2022, declining by -8.6% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; grain sorghum, seed import price increased by +41.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 40%. As a result, import price attained the peak level of $721 per ton, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,217 per ton), while the price for Australia ($473 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Grain Sorghum, Seed in Malaysia (FOB) - 2022
The average cereals; grain sorghum, seed export price stood at $5,566 per ton in 2022, picking up by 151% against the previous year. Over the period under review, the export price posted prominent growth. The export price peaked at $5,679 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Papua New Guinea.
From 2012 to 2022, the rate of growth in terms of prices for Papua New Guinea amounted to +8.6% per year.
Imports of Cereals; Grain Sorghum, Seed in Malaysia
In 2022, approx. 171 tons of cereals; grain sorghum, seeds were imported into Malaysia; growing by 157% compared with the previous year. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 296%. As a result, imports reached the peak of 346 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereals; grain sorghum, seed imports soared to $113K in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 200%. As a result, imports reached the peak of $178K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cereals; Grain Sorghum, Seed in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.8 | 68.3 | 36.0 | 80.5 | 68.6% |
| Australia | 30.7 | 15.8 | 5.6 | 18.2 | -16.0% |
| China | 11.7 | 9.9 | 6.3 | 14.1 | 6.4% |
| United Arab Emirates | N/A | 83.7 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 59.3 | 178 | 48.0 | 113 | 24.0% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Malaysia in 2022:
- India (121.0 tons)
- Australia (38.5 tons)
- China (11.6 tons)
Exports of Cereals; Grain Sorghum, Seed in Malaysia
In 2022, shipments abroad of cereals; grain sorghum, seeds decreased by -62.4% to 1.8 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a sharp decrease. The growth pace was the most rapid in 2020 when exports increased by 198%. As a result, the exports reached the peak of 109 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; grain sorghum, seed exports shrank to $10K in 2022. Overall, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 78% against the previous year. As a result, the exports attained the peak of $238K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereals; Grain Sorghum, Seed in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 134 | 95.7 | 10.0 | 10.0 | -57.9% |
| Nigeria | N/A | 1.8 | 0.2 | N/A | -88.9% |
| Pakistan | N/A | 140 | N/A | N/A | 0% |
| Others | 0.1 | 0.7 | 0.3 | N/A | 73.2% |
| Total | 134 | 238 | 10.5 | 10.0 | -57.9% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Malaysia in 2022:
- Papua New Guinea (1.8 tons)
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