Price for Cereals; Grain Sorghum, Seed in New Zealand - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in New Zealand (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in New Zealand (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in New Zealand
- Exports of Cereals; Grain Sorghum, Seed in New Zealand
Price for Cereals; Grain Sorghum, Seed in New Zealand (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $681 per ton in 2022, with a decrease of -17.4% against the previous year. In general, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2014 an increase of 86% against the previous year. The import price peaked at $926 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($739 per ton), while the price for Australia totaled $588 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.7%).
Price for Cereals; Grain Sorghum, Seed in New Zealand (FOB) - 2022
In 2022, the average cereals; grain sorghum, seed export price amounted to $7,450 per ton, rising by 13% against the previous year. Overall, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2017 an increase of 109% against the previous year. The export price peaked at $11,830 per ton in 2019; however, from 2020 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 Fiji.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +89.0% per year.
Imports of Cereals; Grain Sorghum, Seed in New Zealand
In 2022, approx. 65 tons of cereals; grain sorghum, seeds were imported into New Zealand; which is down by -65.7% on the previous year. Overall, imports showed a precipitous descent. The smallest decline of -0.2% was in 2021.
In value terms, cereals; grain sorghum, seed imports dropped significantly to $44K in 2022. Over the period under review, imports saw a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 23%.
| Import of Cereals; Grain Sorghum, Seed in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 56.5 | 40.8 | 67.6 | 29.6 | -19.4% |
| Australia | 317 | 80.0 | 82.5 | 14.6 | -64.2% |
| Others | 0.5 | 6.2 | 6.0 | N/A | 246.4% |
| Total | 374 | 127 | 156 | 44.2 | -50.9% |
Top Suppliers of Cereals; Grain Sorghum, Seed to New Zealand in 2022:
- India (40.0 tons)
- Australia (24.8 tons)
Exports of Cereals; Grain Sorghum, Seed in New Zealand
In 2022, shipments abroad of cereals; grain sorghum, seeds decreased by -99.5% to 12 kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, the exports reached the peak of 4.7 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; grain sorghum, seed exports fell rapidly to $89 in 2022. Overall, exports continue to indicate a sharp descent. The smallest decline of -22.2% was in 2020.
| Export of Cereals; Grain Sorghum, Seed in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | N/A | N/A | N/A | 0.1 | 0% |
| China | 40.3 | 31.3 | 15.7 | N/A | -37.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 40.3 | 31.3 | 15.7 | 0.1 | -86.5% |
Top Export Markets for Cereals; Grain Sorghum, Seed from New Zealand in 2022:
- Fiji (12.0 kg)
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