Price for Cereals; Grain Sorghum, Seed in Thailand - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Thailand (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Thailand
Price for Cereals; Grain Sorghum, Seed in Thailand (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $1,245 per ton in 2022, waning by -8.2% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 25%. As a result, import price reached the peak level of $2,298 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
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 Australia ($3,868 per ton), while the price for the United States ($1,221 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.4%), while the prices for the other major suppliers experienced a decline.
Imports of Cereals; Grain Sorghum, Seed in Thailand
In 2022, the amount of cereals; grain sorghum, seeds imported into Thailand dropped modestly to 133 tons, reducing by -4.4% compared with the previous year's figure. Over the period under review, imports continue to indicate a mild decline. The growth pace was the most rapid in 2021 when imports increased by 36%.
In value terms, cereals; grain sorghum, seed imports declined to $166K in 2022. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year.
| Import of Cereals; Grain Sorghum, Seed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 192 | 134 | 186 | 161 | -5.7% |
| Others | 16.3 | 8.8 | 2.9 | 4.7 | -33.9% |
| Total | 209 | 143 | 189 | 166 | -7.4% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Thailand in 2022:
- United States (131.9 tons)
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This report provides an in-depth analysis of the sorghum market in Thailand.
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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.
