Price for Cereals; Grain Sorghum, Seed in Portugal - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Portugal (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in Portugal (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Portugal
- Exports of Cereals; Grain Sorghum, Seed in Portugal
Price for Cereals; Grain Sorghum, Seed in Portugal (CIF) - 2022
In 2022, the average cereals; grain sorghum, seed import price amounted to $775 per ton, rising by 21% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 77%. Over the period under review, average import prices attained the peak figure at $1,325 per ton in 2016; however, from 2017 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 Netherlands ($2,160 per ton), while the price for France ($549 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Seed in Portugal (FOB) - 2022
In 2022, the average cereals; grain sorghum, seed export price amounted to $1,737 per ton, picking up by 8.3% against the previous year. Overall, the export price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $3,040 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($1,863 per ton), while the average price for exports to the Netherlands ($969 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Grain Sorghum, Seed in Portugal
In 2022, overseas purchases of cereals; grain sorghum, seeds decreased by -16.2% to 631 tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 148% against the previous year. As a result, imports reached the peak of 1.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; grain sorghum, seed imports rose modestly to $489K in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, imports attained the peak of $508K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cereals; Grain Sorghum, Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 270 | N/A | N/A | 232 | -4.9% |
| Spain | 48.4 | 45.7 | 29.7 | 123 | 36.5% |
| France | 14.1 | 418 | 334 | 60.1 | 62.1% |
| Hungary | 28.9 | N/A | N/A | 28.8 | -0.1% |
| Austria | N/A | N/A | N/A | 18.4 | 0% |
| Italy | 54.4 | 44.2 | 113 | 14.0 | -36.4% |
| Others | 28.1 | N/A | 3.1 | 12.5 | -23.7% |
| Total | 444 | 508 | 480 | 489 | 3.3% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Portugal in 2022:
- United States (316.4 tons)
- Spain (147.5 tons)
- France (109.6 tons)
- Hungary (24.7 tons)
- Italy (15.7 tons)
- Austria (10.4 tons)
Exports of Cereals; Grain Sorghum, Seed in Portugal
In 2022, after three years of growth, there was significant decline in overseas shipments of cereals; grain sorghum, seeds, when their volume decreased by -8.5% to 95 tons. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 63% against the previous year.
In value terms, cereals; grain sorghum, seed exports declined modestly to $166K in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year.
| Export of Cereals; Grain Sorghum, Seed in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 27.3 | 105 | 54.9 | 64.4 | 33.1% |
| Italy | 29.7 | N/A | 57.2 | 59.5 | 26.1% |
| Spain | 30.9 | 46.7 | 55.0 | 35.8 | 5.0% |
| Netherlands | N/A | N/A | N/A | 5.6 | 0% |
| Germany | N/A | 12.9 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 87.9 | 164 | 167 | 166 | 23.6% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Portugal in 2022:
- Italy (35.3 tons)
- France (34.6 tons)
- Spain (19.7 tons)
- Netherlands (5.8 tons)
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