Price for Cereals; Grain Sorghum, Seed in Pakistan - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Pakistan (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in Pakistan (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Pakistan
- Exports of Cereals; Grain Sorghum, Seed in Pakistan
Price for Cereals; Grain Sorghum, Seed in Pakistan (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $1,253 per ton in 2022, reducing by -8.3% against the previous year. In general, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 an increase of 68%. The import price peaked at $1,755 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,540 per ton), while the price for India amounted to $1,218 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+93.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Grain Sorghum, Seed in Pakistan (FOB) - 2022
In 2020, the average cereals; grain sorghum, seed export price amounted to $522 per ton, with a decrease of -2.1% against the previous year. Over the period under review, the export price showed a pronounced decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by 80% against the previous year. The export price peaked at $709 per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2020, the rate of growth in terms of prices for Afghanistan amounted to +64.3% per year.
Imports of Cereals; Grain Sorghum, Seed in Pakistan
In 2022, supplies from abroad of cereals; grain sorghum, seeds was finally on the rise to reach 346 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a dramatic shrinkage.
In value terms, cereals; grain sorghum, seed imports rose modestly to $433K in 2022. Overall, imports, however, recorded a dramatic curtailment.
Import of Cereals; Grain Sorghum, Seed in Pakistan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 4.5 | 0.4 | 0.4 | 0.4 | -55.4% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 4.5 | 0.4 | 0.4 | 0.4 | -55.4% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Pakistan in 2022:
- India (338.3 tons)
Exports of Cereals; Grain Sorghum, Seed in Pakistan
Cereals; grain sorghum, seed exports from Pakistan shrank sharply to 26 tons in 2020, reducing by -30.5% on the year before. In general, exports saw a dramatic shrinkage.
In value terms, cereals; grain sorghum, seed exports contracted dramatically to $13K in 2020. Overall, exports showed a significant contraction.
Export of Cereals; Grain Sorghum, Seed in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
United Arab Emirates | N/A | 13.4 | 0% | ||
Afghanistan | 16.4 | N/A | 0% | ||
Canada | 3.3 | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 19.7 | 13.4 | -32.0% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Pakistan in 2022:
- United Arab Emirates (25.7 tons)
This report provides an in-depth analysis of the sorghum market in Pakistan.
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This report provides an in-depth analysis of the sorghum market in Pakistan.
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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.