Price for Cereals; Grain Sorghum, Seed in Oman - 2021
Contents:
- Price for Cereals; Grain Sorghum, Seed in Oman (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Oman
Price for Cereals; Grain Sorghum, Seed in Oman (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $392 per ton in 2022, almost unchanged from the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +34.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 53% against the previous year. As a result, import price attained the peak level of $561 per ton. From 2016 to 2022, the average 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 India ($394 per ton), while the price for the United Arab Emirates stood at $379 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.9%).
Imports of Cereals; Grain Sorghum, Seed in Oman
In 2022, supplies from abroad of cereals; grain sorghum, seeds decreased by -37.8% to 139 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 255% against the previous year.
In value terms, cereals; grain sorghum, seed imports shrank sharply to $54K in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 327%. As a result, imports reached the peak of $88K, and then shrank sharply in the following year.
| Import of Cereals; Grain Sorghum, Seed in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.3 | 11.0 | 77.4 | 47.8 | 123.2% |
| United Arab Emirates | 2.7 | 9.7 | 10.8 | 6.6 | 34.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.0 | 20.7 | 88.2 | 54.4 | 98.1% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Oman in 2022:
- India (121.4 tons)
- United Arab Emirates (17.5 tons)
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